Ascendant Copper Corporation Names Chief Financial Officer.VANCOUVER, British Columbia -- Ascendant Copper Corporation ("Ascendant" or "the Company") (TSX:ACX)(TSX:ACX.WT) announced today that R. Llee Chapman, a senior level financial executive and currently Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of Ascendant, has been named Chief Financial Officer of the Company, commencing January 1, 2006. Mr. Chapman, who holds a B.A. in Accounting and is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , will be responsible for finance, administration of human resources and accounting information systems. The Company's current CFO See Chief Financial Officer. , Sandra Lim, is stepping down to focus her attention on serving as CFO for a group of mineral exploration companies. Gary Davis, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ascendant, reported, "Sandra was of great assistance in taking the Company public and we wish her well in her new ventures. With the appointment of Llee, Ascendant now has a full-time CFO to assist us as we embark on the public phase of the Company's life." Mr. Chapman has served in senior finance positions with Gold Fields Mining at the Chimney Creek Mine, Nevada, Barrick Goldstrike Mines Inc. at the Goldstrike Mine in Nevada, and for Knight Piesold & Co., all private mining companies. He was CFO of Apollo Gold Corporation (TSX:APG)(AMEX AMEX See: American Stock Exchange :AGT AGT antiglobulin test. ) from July 2002 until March 2005, where he was responsible for the administration of human resources, accounting information systems and community/political affairs departments for that company and its subsidiary, Apollo Gold Inc. He has served as President of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Northwest Mining Association, and was a member of the Elko County Commission, where he served two terms. He has been a member of the Nevada Taxpayers Association, the Montana and Idaho State Society of CPAs, the Board of Trustees of the Nevada Mining Association and of the Desert Research Institute, Nevada. Mr. Chapman is also a director of Idaho General Mines, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IGMI). Ascendant's principal business is the exploration for copper in Ecuador. The primary property is the Junin project located in northern Ecuador, a copper-molybdenum, gold and silver porphyry property with an inferred mineral resource of 982 million tonnes grading 0.89% copper, 0.04% molybdenum and 1.9 grams per ton of silver, at a 0.4% copper cut-off grade(1). The Company also is advancing the Chaucha property located in southern Ecuador, a copper-molybdenum porphyry overlain by an extensive supergene blanket. The Chaucha property is currently classified as a geologic mineral property(2). Ascendant Copper Corporation Gerald E. (Gary) Davis, President and CEO (1) See www.sedar.com "Technical Report Review of the Quartz Porphyry-Hosted Copper-Molybdenum Mineralisation at Junin, Otavalo, Ecuador" prepared by Qualified Person, Paul D. Gribble grib·ble n. Any of several small wood-boring marine isopod crustaceans of the genus Limnoria, especially L. lignorum, which often damage underwater wooden structures. , C. Eng., Senior Mineral Resources Geologist, of Micon International Co Limited. (2)See www.sedar.com "Technical Report dated April 8, 2005, and amended August 5, 2005, Review of the Quartz Porphyry-Hosted Copper-MolybdenumMineralisation at Chaucha, Cuenca, Ecuador" prepared by Qualified Persons, Paul D.Gribble, C. Eng., Senior Mineral Resources Geologist, and David T. Wells, SeniorMetallurgist, of Micon. The Chaucha property is presently classified only as a geologic mineral property. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. does not accept responsibility for the adequacy or accuracy of this news release. Ascendant Copper Corporation (TSX:ACX) (TSX:ACX.WT) |
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