Ashton's Board Appoints New Chair; New Rio Tinto Nominee Elected a Director.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- The Directors of Ashton Mining of Canada Inc. ("Ashton" or the "Corporation") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ACA ACA - Application Control Architecture ) are pleased to announce the appointment of John B. Cole as Chair of the Board and the election of Stephen J. Jopling as a Director of the Corporation. Both appointments are effective as of April 29, 2005. Mr. Cole was first appointed a Director in August 1993 concurrent with Ashton's initial public offering. He has served as the Chair of the Corporation's Audit Committee since inception and is a member of the Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Committee. As the Board's longest-serving member, Mr. Cole brings to the role of Chair the comprehensive understanding of Ashton's activities and objectives he has developed over the past 12 years. The Board also welcomes the election of Stephen J. Jopling, a highly experienced international mining executive, as a Director. Mr. Jopling was nominated by the Rio Tinto group Rio Tinto is a multinational mining and resources group founded originally in 1873. The group is one of the world's largest mining companies, with a pre-tax profit of approximately 10.2 billion US dollars in 2006 on consolidated turnover of 25.4 billion USD. , Ashton's majority shareholder. Originally trained as a mechanical engineer, Mr. Jopling is a senior official of Rio Tinto Rio Tinto may refer to:
At the 2005 Annual Meeting of Shareholders held on April 29, Dr. David S. Robertson retired as a Director and as founding Chair of the Board. The Board acknowledges the exceptional guidance and leadership that Dr. Robertson has brought to Ashton throughout his term of office. His knowledge, insight and direction have greatly contributed to the Corporation's growth and success. Ashton's prime objective is the discovery or acquisition of diamond prospects capable of rapid advancement to development and production. The Corporation is recognized as one of the leading explorers in the Canadian diamond industry. Ashton's competitive advantages include the significant exploration experience of its key personnel as well as its extensive in-house laboratory facilities in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , dedicated exclusively to the Corporation's exploration projects. Ashton Mining of Canada Inc. (TSX:ACA) |
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