VANCOUVER,
April 1, 2013 /CNW/ - Alpha Gold
Corp. (TSXV: ALQ) (the "Company") is pleased to announce that it
has appointed two new directors, Neil F. Hummel, CA and
Stephen M. Leahy, and one new
officer, Jim Ritchie, as Secretary
of the Company. Mr. Leahy replaces Mary Webster who recently resigned from the
Board. Carl Pines and Joanne Ward remain Directors of the Board and
Mr. Pines remains CEO.
Mr. Leahy has more than 26 years' experience in
venture capital, primarily in the resource sector, and he has been
instrumental in the formation, financing and development of a
number of public and private corporations. Mr. Leahy previously
acted as a senior officer or director of StarTech Energy Inc.
(TSX), First Silver Reserve Inc. (TSX) and Wellco Energy Services
Inc. (TSX). As founder of North American Tungsten Corporation Ltd.,
he was instrumental in facilitating the company's acquisition of
its wholly-owned Cantung mine and Mactung deposit; he remains its
CEO.
Mr. Hummel, a Chartered Accountant, will serve
as Chair of the Audit committee. Mr. Hummel brings with him
over 30 years of diverse financial experience, including 1)
operating in a public company environment, 2) executing aggressive
acquisitions, and 3) obtaining public and private financing. He has
valuable experience in financial and general management, strategic
planning, restructuring to improve performance, public and private
financings, corporate banking and relations with various regulatory
authorities. He has been a member of the boards of directors
for both private and public traded companies. He was, until
the sale of it, the CFO of a high tech company in Vancouver with operations in the Netherlands, Ireland and Sweden. That company was sold to a German
public company in 2011 for over $40
million.
Mr. Ritchie has been appointed Secretary of the
Company. It is Management's intention to propose an increase
in the number of directors from three to five, and to nominate Mr.
Ritchie as a director for election at the Annual General
Meeting. Mr. Ritchie has been in the construction business
for over 40 years. He worked his way up from plant chemist to
president of Synkoloid Company of Canada. Thereafter, he organized the
management buy-out of this Company and its U.S. subsidiary, Beadex
Manufacturing. The two businesses were subsequently sold to a
U.S. public company in a very profitable transaction for the
investors. Mr. Ritchie is currently President of a building supply
business and has developed an exceptionally capable team of key
employees. His skills at employee recruitment and management
have earned him industry-wide respect. As the key management
employee, Jim has grown the supply business' market share and
revenue.
"The addition of these successful businessmen
will round out Alpha's Board with varied expertise and will enable
Alpha to evaluate ongoing opportunities as they become available,
as well as furthering exploration of the Lustdust claims,"
commented CEO Carl J. Pines.
About Alpha Gold Corporation
Alpha Gold is a
mineral exploration company whose 100%-owned, royalty-free,
Lustdust Property is advantageously situated with nearby road and
rail access in north-central British
Columbia. Lustdust consists of 20 contiguous mineral claims
covering 9,583 hectares and contains twelve known mineralized
areas, of which the copper-gold-silver Canyon Creek Skarn Deposit
has a NI 43-101 compliant resource. Alpha Gold Corporation has
approximately 47.2 million shares issued and outstanding, 51.4
million fully diluted. Shares are listed on the TSX Venture
Exchange under the symbol "ALQ".
- Carl Pines, CEO, Director, on
behalf of Alpha Gold Corp.
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email, please contact michelle@chfir.com and specify "Alpha Gold
News" in the subject line.
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. Statements in this
release that are forward-looking statements are subject to various
risks and uncertainties concerning the specific factors disclosed
under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgement
as of the date hereof based on information currently available. The
Company does not assume the obligation to update any
forward-looking statement.
SOURCE Alpha Gold Corp.