Blue Gold Mining Inc.

December 08, 2011 18:35 ET

Blue Gold Appoints VP Business Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2011) - Blue Gold Mining Inc. (TSX VENTURE:BGX) is pleased to announce the appointment of Alex Holmes to its management team as Vice President, Business Development.

Mr. Holmes brings a successful track-record in capital markets and M&A transactions, further strengthening Blue Gold's ability to identify and realize new opportunities. Mr. Holmes was previously Vice President, Investment Banking for NCP Northland Capital Partners Inc. and a key member of the firm's Mining Team. As Vice President with PI Financial Corp. (2003-2010), he successfully led, co-led or managed hundreds of mining financing mandates and many successful M&A transactions in the mining sector. Prior to this, Mr. Holmes worked with a London, UK based investment bank. Alex earned the Chartered Financial Analyst designation in 2005 and has a M.Sc. in Investment Management, graduating with Distinction from Cass Business School in London.

Blue Gold has granted five year incentive options to purchase an aggregate of 200,000 shares at a price of $1.00 per share. The options will be subject to certain vesting requirements.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Blue Gold Mining Inc.
    Mark O'Dea
    Chairman and CEO

    Blue Gold Mining Inc.
    Sean Tetzlaff
    Chief Financial Officer