SOURCE: Greenwood Gold Resources, Inc.

April 18, 2012 09:45 ET

Corporate Update From Greenwood Gold Resources Inc.

LAS VEGAS, NV--(Marketwire - Apr 18, 2012) - Greenwood Gold Resources Inc. (OTCBB: GGRID) (OTCQB: GGRID)

About The Company

The company (GGRI) is pleased to announce the appointment of its new strategic management team of officers and directors. The company's new mission as announced in the 10-K filing released on Monday April 16th, 2012 sets a new and unprecedented standard for GGRI that the company has not seen in previous management. Under the new management team GGRI is expanding into land acquisitions that will result in the opportunity to trade and sell carbon offset credits in world markets. Through the management team's expert guidance the company intends to become a world leader in certified carbon credit trading to both the voluntary and compliance markets through the sale of Certified Emissions Reductions (CERs) which is a certification issued by the UN Clean Development Mechanism (CDM) and wherein each credit represents one (1) metric ton of Carbon Dioxide Equivalent (CO2e) in emissions reductions.

This new and experienced team of business professionals consists of the new Chief Executive Officer, Mr. Charles Miller; the new President, Mr. James Donihee; Mr. John Shimell, Treasurer and Chief Financial Officer; and Amanda Miller, Secretary and legal counsel specializing in indigenous law and a Member of the Indigenous Law Association since 2006.

Mr. Miller's experience, with over 30 years as a project development specialist, real estate developer and a lifetime in the Canadian Forestry Industry, Tourism and Canadian Oil & Gas industry, has afforded him invaluable expertise in land stewardship. Mr. Miller is also experienced in international business having held consulting positions with Veilleux Management and Pinnacle Hotel Consulting firms who consulted on behalf of Deloitte and Touche in a division specializing in hotel restructuring for the purpose of resale. Mr. Miller later began his own business in hotel restructuring which gave him insight into the workings of international finance. Mr. Miller has extensive experience in land and resort development projects in Latin America and is fluent in Spanish. Mr. Miller is a director of GGRI.

James (Jim) Donihee, also a director and President of GGRI, is a former Air Force Colonel having led Canada's largest CF18 Fighter Wing (3000 personnel) as Wing Commander of CFB Cold Lake, Alberta Canada. Upon leaving the Air Force in 2000, Mr. Donihee joined the Oil & Gas Industry where he has held several executive leadership positions. Most recently he held the position of Vice President and Chief of Staff for Pengrowth Energy and immediately prior to that was the Chief Operating Officer for the National Energy Board of Canada, the country's national energy regulatory authority. The responsibilities of the NEB are to regulate international and interprovincial aspects of the oil, gas and electric utility industries. The purpose of the NEB is to regulate pipelines, energy development and trade in the Canadian public interest. Prior to serving with the NEB, Mr. Donihee served as Vice President of Organizational Development with Encana Corporation. Mr. Donihee brings his comprehensive and established background in the energy industry to GGRI as well as his proven leadership abilities to guide and manage the company as President.

Mr. Shimell was appointed, Treasurer, Chief Financial Officer and Director of GGRI on April 2, 2012. Mr. Shimell has a vast experience of domestic and worldwide real estate and business funding, including introductions for project funding through International Banking Institutions, as well as being the only person invited by the Institute Of Foreigners, Spain, to place and advise clients of the Institute in relations to personal finance.

Mr. Shimell has held the position of President of Multisolution Services Spain, for 8 years. Multisolution Services Spain, is a company that arranges mortgages for the domestic market, sells real estate, provides a legal advisory service, and arranges accounting and taxation for clients through an official tax consultant.

Miss Amanda Miller, GGRI's new Secretary and legal counsel, will help guide the company with her notable experience related to Indigenous peoples. While attending the American International School of Costa Rica, Miss Miller was encouraged to become an advocate of Indigenous peoples and became familiar with the hardships and challenges they faced. Miss Miller also assisted in the creation and preparation of the Indigenous Justice Conference which focused on systemic racism, Indigenous residential schools, child protection, relationship with the land, and Indigenous court systems. Her expertise dealing with Indigenous people in a legal capacity as a lawyer with an undergraduate degree in First Nations Studies and a law degree from The University of British Columbia, Canada, and her ability to speak Spanish, is fundamental to the company's expansion plans which would include navigating through complex issues the company may encounter in its land acquisition strategy for Latin America.

On behalf of the Board of Greenwood Gold Resources Inc.

Contact Us
Company Address:

Greenwood Gold Resources Inc.
4960 S. Gilbert Road, Suite 1-111,
Chandler, AZ 85249

Company phone number:
1-855-509-5508

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

Contact Information

  • Contact Us
    Company Address:

    Greenwood Gold Resources Inc.
    4960 S. Gilbert Road, Suite 1-111
    Chandler, AZ 85249

    Company phone number:
    1-855-509-5508