Guyana Precious Metals Inc. (GPM.V) announced that it has appointed Paul Murphy as its Chief Financial Officer. Carmelo Marrelli has resigned as CFO effective immediately. Murphy has significant industry experience gained as a Partner in PricewaterhouseCoopers LLP and the National Mining Leader in Canada as well as the Leader for the Western Hemisphere Mining Centre of Excellence.
He has worked almost exclusively in the resource industries for the past 30 years and has been a leader in industry-specific issues in areas of financial reporting and controls, governance, operational effectiveness, SEC reporting issues, financing, valuation and taxation. Murphy is currently the CFO and Executive Vice President, Finance of Guyana Goldfields Inc. (GUY.TO). Additionally he currently serves as a Director of Alamos Gold Inc (AGI.TO: Quote), Continental Gold Limited (CNL.TO) and Century Mines Corp. (FER.TO).
The company also announced that it has granted effective August 22, 2012 an aggregate of 1 million options to an officer of the company with such options being exercisable until August 22, 2015 at an exercise price of $0.10 . The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.
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by RTT Staff Writer
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