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Luis Baertl Joins Vena Resources Board of Directors |
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Tuesday, 07 September 2010 07:12 |
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Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announced that Mr. Luis Baertl has agreed to join Vena's Board of Directors bringing a tremendous amount of expertise to the board as we move towards production and pursue a more focused approach with our exploration portfolio.
Mr. Baertl is currently the President and CEO of La Ermita Ltda., a Chilean limited partnership involved in mining, agriculture and real estate and a board member of Luna Gold, an emerging gold producer in Brazil. Luis brings extensive financial, business and technical expertise related to the mining industry both in Latin America and internationally, having worked and consulted for several mining and financial groups. Prior to joining La Ermita, Mr. Baertl was a founder of Peru Copper which was bought out by Chinalco for $840 million and he was previously Vice President BHP Billiton, Senior Vice President of Business Development of Barrick Gold Corporation and a senior executive in mining finance for Citicorp Citibank and the Chase Manhattan Bank. In related news, Denis Clement one of Vena's original founders has decided to depart from Vena's board to focus on other business activities. The directors and all of management of Vena are grateful for Mr. Clement's contributions over the years and wish him the best in his future endeavors. Juan Vegarra, Chairman and CEO commented: "As we bring our first mine into production and we focus our exploration initiatives with our partners to achieve additional success, I am personally grateful that Lucho Baertl has agreed to join the board of directors. He is a well-known mining executive in Latin America and his advice and experience will be very valuable to Vena. I am sorry that Denis will be leaving the board as he has been a great director. I am glad I will continue to count with his friendship." |