|By Marketwired .||
|July 28, 2014 08:45 AM EDT||
NEW YORK, NY and JAKARTA, INDONESIA -- (Marketwired) -- 07/28/14 -- Vanguard Mining Corporation (PINKSHEETS: VNMC) announced today that the Company has appointed Mr. Jalani M. Haniffa as the new President and Mr. Hai H. Le as the new Chief Financial Officer of the Company, effective 08:00 am Pacific Daylight Time, July 25, 2014.
Mr. Haniffa is a managing partner of PT. Cendrawasih International and PT. Kencana Persada, mining investment holding companies registered in Indonesia. He has been active in the Indonesian mining industry for 14 years beginning with extensive experience in a Central Indonesian government mining law office that provided him with excellent knowledge of provincial mining practices. In 2000 he began trading coal and was involved in mining iron ore in West Sumatera while developing and investing in the coal loading port in Samarinda, East Kalimantan. He has a degree in Hospitality Administration from Cornell University in New York. He is a member of the Les Clef d'Or, The Society of Golden Keys, Switzerland.
Mr. Haniffa has strong business working relationships with several foreign mining exploration companies. He helped establish the JORC standard for ongoing Cendrawasih gold and copper with ground anomaly surveys, satellite imagery, geophysical mapping and a short list of competent geologist assignments for next stage of drilling activities.
Hai Le has an MBA degree in International Banking and Finance with Distinction from the University of Birmingham, United Kingdom, and a Bachelor of Business Administration in International Business and Management Studies with Distinction, from Hogeschool Zeeland, University of Applied Sciences of Zeeland, the Netherlands.
Hai has served in various management and financial capacities such as Operation Manager for Duy Anh Trading Co., Ltd, a member of Imex Pan Pacific Group, Associate Advisor for Viet A Joint Stock Company, Head of Investment at PHI Vietnam Holdings Ltd., Lecturer at Guildhall College, London, U.K., and Financial Analyst at Provimex-HTV Joint Venture Company, Vietnam.
Hoang (Jack) Vo, a Director of Vanguard Mining Corporation and Chairman of the Audit Committee, stated: "We are delighted to welcome both Jalani and Hai to our management team. Their educational backgrounds, skill sets, experience, energy and commitment to excellence will be invaluable to the Company as we embark on the next stage of development and growth."
Jalani Haniffa said, "It is indeed an exciting time for both myself and VNMC as we combine our knowledge, mining experience, long-term relationships in Indonesia and ability to access the international capital markets to execute our business plan. We will immediately act on opportunities that can generate revenues and profitability for the Company in the short term while working on bigger projects that can create extraordinary value for our Company and shareholders."
Hai Le commented, "It is a great pleasure and excitement to join VNMC at this juncture as the Company is repositioned for growth and expansion. I look forward to making my best possible contribution as a team member as we grow together."
About Vanguard Mining Corporation
Vanguard Mining Corporation, a Nevada corporation established in 1987, is currently building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone, manganese and iron sand in Indonesia. The company has also investigated mineral asset opportunities in other geographical areas. http://www.vnmcglobal.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Executive Vice President
Vanguard Mining Corporation
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