Category: Financial Advisory
Hits: 642
Canamex appoints financial advisory specialist Michael Pesner to its board Thursday, December 18, 2014 by Deborah Bacal

Canamex Resources(CVE:CSQ) (OTCQX:CNMXF) has appointed Michael Pesner to its board of directors, effective immediately.

Pesner is currently the president of Hermitage Canada Finance Inc., a firm specializing in financial advisory services, including Mamp;A, divestitures and restructuring. He spent 26 years as a partner at KPMG and predecessor firms, Canamex said, and currently sits on the board of several resource companies, includingRichmont Mines,Quest Rare Mineralsand Alexandria Minerals.

As an accomplished professional in the areas of finance and accounting, Michael brings a wealth of experience to the board of Canamex, as we move forward with our Bruner Gold Project in Nye County, Nevada, said chief executive officer Mark Billings.

Last month, Canamex said it uncovered a new gold zone at the Paymaster target area on its Bruner gold project, as part of an ongoing reverse circulation drilling program. Of the highlights, hole B-1457 intersected 16.7 metres of 9.94 grams per tonne (g/t) gold, while hole B-1460 hit 7.6 metres grading 9.98 g/t gold.

The gold explorer will continue to drill this target area next year. Earlier in November, Canamex appointed chairman Billings as its new chief executive officer, replacing interim CEO Hahn, who took over the role when previous chief executive Bob Kramer passed away in May.

Billings was until recently a senior executive and director atArgex Titanium, a Montreal-based near-term producer of titanium oxide. He co-founded Argex in 2007.

Sign up to Proactive Investors