Centurion Gold Announces Change In Management.JOHANNESBURG, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. -- Centurion Gold Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGHI), a natural resource development company, announced today that effective immediately Mr. Arthur Johnson is serving as the Company's new President and 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. while Professor Raymond Parsons has become Centurion's new Chairman of the Board. They replace Mr. Dale Paul who served as Centurion's President, Chief Executive Officer, and Chairman of the Board. Mr. Johnson had served as Centurion's Chief Financial Officer and Director since December 2004. He will remain as Director and give up his post as Chief Financial Officer. Replacing Mr. Johnson as Chief Financial Officer, effective immediately, is Mr. Rinus Groeneveld who also remains Company Secretary. Mr. Groeneveld is a South African Chartered Accountant. Prof. Parsons will serve as the Company's new Chairman of the Board, replacing Mr. Dale Paul in that role. Prof. Parsons is a previous Director General of the South African Chamber of Business (SACOB SACOB South African Chamber of Business (Banking and Finance) ). He is currently a Director of the South African Reserve Bank The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought. , the Chairman of Mantek Resources (Proprietary) Limited and serves on the governing council of the Nelson Mandela Metropolitan University  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . . Prof. Parsons is a past professor of economics at the University of the Witwatersrand Due to the 1959 Extension of University Education Act the school was only allowed to register a small number of black students for most of the apartheid era, even though several notable black anti-apartheid leaders graduated from the university. , past visiting professor of the University of Pretoria and an extraordinary professor at the Nelson Mandela Metropolitan University. He also received an honorary doctorate from the Nelson Mandela metropolitan University for his immense contribution to business in South Africa. Messrs. Neven Hendricks and Jannes du Plooy, both chartered accountants and former partners of Deloitte, together with Mr. Keith Hart remain on the Board of Centurion Gold. About Centurion Gold Holdings, Inc. Centurion Gold Holdings is a resource development company deploying a strategy of acquiring and/or partnering on natural resource properties that are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Management adds critical development to assets which it then sells or spins out into other listed entities. This strategy includes issuing Centurion investors stock or cash dividends for spun out assets. The Company's key natural resource interests include oil and gas properties in Alaska and Texas, as well as six South African mineral properties including gold, platinum and chrome. For more information please visit www.centuriongold.com. Forward-Looking Statements Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public. |
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