VANCOUVER, BC–(Marketwired – April 03, 2017) – Broadway Gold Mining Ltd. (TSX VENTURE: BRD) (OTCQB: BDWYF) (FRANKFURT: BGH.F)
(“Broadway” or the “Company”) today announced strategic leadership
changes by appointing Steve Hanson as Chairman and Duane Parnham as
President and Chief Executive Officer (“CEO”).
Effective
immediately, founder and Interim President and CEO Steve Hanson will
serve as Chairman of the Board. Duane Parnham will accept the position
of President and CEO and remain as a director of the Company.
“Steve
has done a remarkable job of establishing Broadway from the beginning,
assembling a highly professional team to advance our Madison copper-gold
project. We will continue to work closely together as he provides
ongoing oversight and direction as Chairman,” said Duane Parnham,
President and CEO of Broadway. “I’ve recently visited Butte, Montana and
the Madison project site. Meeting with our geological and operational
management team has given me a greater understanding of the leadership
required to develop Madison into a world-class asset for the benefit of
our shareholders. I am extremely excited to embrace this new role.”
“Duane
has decades of experience leading resource companies from startup to
M&A activity, which has resulted in an impressive track record of
success,” said Steve Hanson, Chairman of Broadway. “This is an important
transition, likely one of many to come, as we continue to develop
Broadway into a leading metals company.”
Shawn Parnham, CPA, CMA
has been named an independent board member. Mr. Parnham is a highly
experienced corporate finance executive with experience in both public
and private company settings including external and internal reporting,
acquisitions, divestiture, debt financing and treasury. He is currently
Vice President Finance & Treasurer for Ontario-based IMT
Corporation, a major manufacturer and supplier of suspension systems and
machined components to the heavy duty truck trailer, automotive OEM and
defense industries. Prior to IMT, he was CFO of a diversified
environmental services company, Green for Life Environmental (GFL) and
held accounting positions at Turtle Island Recycling Corporation, Waste
Services Inc. and Laidlaw Inc.
In connection with the appointment,
Broadway has granted Mr. S. Parnham, consultants and employees a total
of 515,000 options to purchase shares under the Company’s stock option
plan at $1.11 for a period of five years.
About Broadway Gold Mining Ltd.
Broadway
Gold Mining Ltd. is a resource company focused on development-stage
projects with unexploited exploration potential. The company owns a 100%
interest in the Madison copper-gold project located in the
Butte-Anaconda mining region of Montana, USA. The Madison project is
permitted for exploration and contains a past-producing underground mine
that Broadway has refurbished. While actively expanding known copper
and gold zones that remain open for development in the mine’s perimeter,
the company’s exploration program has identified new anomalies across
its extensive land package that provides compelling drill targets that
are believed to be associated with large-scale porphyry mineralization.
Neither
the TSX Venture Exchange Inc. 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
For more information:
Duane Parnham
President and CEO, Broadway Gold Mining
1-800-680-0661
[email protected]
www.broadwaymining.com
Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
[email protected]
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