Stock price still dead - perfect set up.  Keep throwing those shares away.  Thx.



 Aguila re-elects six directors at AGM, names Way CEO

2012-11-08 16:06 ET - News Release


Mr. Blair Way reports


At Aguila American Gold Ltd.'s annual general meeting (AGM) held on Nov. 7, 2012, shareholders elected John Huguet, Nick DeMare, John Bortnak, Dusan Berka, Christopher Verrico and Blair Way as directors of the company. The shareholders also passed all other resolutions including an ordinary resolution to ratify the existing stock option plan, pursuant to which the company may grant stock options up to 10 per cent of its issued and outstanding common shares at the time of the grant.

At a directors meeting held after the AGM, the directors appointed Mr. Huguet as chairman, Mr. Way as president and chief executive officer, Mr. DeMare as chief financial officer and corporate secretary, and James McCrea as vice-president, exploration.

Mr. Huguet states: "We are very pleased to have attracted Blair to this role. His management and interpersonal skills, combined with his background and experience with mining projects in many different countries, makes him well suited for leading this company to the next level."

Mr. Way was most recently vice-president, project director, member of the executive management team, reporting to the chief executive officer of Ventana Gold's LaBodega project in Colombia. Ventana was purchased by Ike Batista in 2009 for $1.5-billion. Prior to the success at Ventana Gold Corp., Mr. Way served as president and project director for Oceanagold Philippines on the Didipio gold-copper project. Prior to that, he was project manager, non-ferrous group, with Hatch Associates (Brisbane) where he provided project management support for various mining and metal-related projects in Australia, South Africa, China, Papua New Guinea and Southeast Asia. Prior to that, Mr. Way was project director, major projects, for BHP Billiton (QNI Pty. Ltd.) in Townsville, Queensland. While with BHP, Mr. Way led a project management group that was responsible for implementing $210-million (Australian) of improvement projects (brownfield) from prefeasibility through to commissioning throughout the refinery.

He holds a bachelor of science (geology) degree from Acadia University in Nova Scotia, Canada, and a master of business administration degree from the University of Queensland, Australia.

"I look forward to leading the company and driving the exploration activities on the Angostura project to [a National Instrument] 43-101-compliant resource. This asset exhibits all the attributes I look for in a project. I greatly anticipate working with the AGL team, with the aim of growing the company through to mid-tier status."