Asian Mineral Resources (“ASN”) is Widespread’s largest investment, presently representing 41.4% of total assets.
ASN made the announcement below in Canada last night.
For and on behalf of the Board,
Chris D Castle
Onekaka, 19 March 2009
TORONTO, ONTARIO--(Marketwire - March 18, 2009) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) announced today the resignations of Collin Ellison as President and CEO and as a director of the Company and the appointment of Robert Guest to replace him as President and CEO. Mr. Guest has been the General Manager of Ban Phuc Nickel Mines, based in Hanoi, since March 2007. In making the announcement Jim Askew, Chairman of the Company, commented "We would like to thank Collin for his contribution and we wish him well in his future endeavors. Events and circumstances affecting the world economy and the Company itself resulted in delaying completion of our Ban Phuc Project and the need to conserve cash so AMR can survive. Collin's successor, Rob Guest, has overseen development of the Ban Phuc Project since construction commenced, and is fully engaged in discussions with the Government agencies in resolving a number of issues whose resolution is an important pre-condition to the successful completion of construction of the Project."
Asian Mineral Resources Limited is developing the Ban Phuc Nickel/Copper Project in north-western Vietnam in which it has a 90% interest. For further details on the Company and the Project, please refer to the website at www.asianminres.com.