Century Announces Resignation of Chairman, President and CEO Margaret Kent
posted on
Jul 28, 2010 10:12AM
Screw my technical reasons, you guys want a POP in Century, read it and weep nay sayers. Every negative I ever heard about this company always came back to her and now what are you going to complain about ??
BLAINE, WASHINGON--(Marketwire - July 28, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM - News) announces that Margaret ("Peggy") Kent, Century's Chair, President and CEO, has resigned her position for personal reasons effective July 28, 2010. Ms. Kent, the founder and leader of Century since its inception in 2003, will remain on as a Consultant for 12 months.
The Board of Century has, with regret, accepted Ms. Kent's resignation. Ms. Kent, or "Peggy" as many in the mining industry have known her for over 35 years, led Century through its series of strategic acquisitions to secure both the Sigma-Lamaque gold property in Quebec in 2004 and the San Juan gold property in Peru in 2006. The Board acknowledges that it was through her dedication and tenacity that Century was able to acquire these assets and, subsequently, to survive the worldwide credit crisis in 2008 and 2009. Peggy successfully negotiated and finalized the major recapitalization of Century's balance sheet, including debt and equity financings in excess of $60 million at the end of 2009.