TEMPE, Ariz., Sept. 6, 2011 /PRNewswire/ -- Big Bear Mining Corp (OTCBB:BGBR), a U.S.-based company focused on the acquisition and development of gold and other precious metal projects, announced that James Baughman has been appointed as the new CEO. Former CEO, Steve Rix, will assist as needed to ensure a smooth transfer of the duties to Mr. Baughman.
Mr. Baughman has been serving as an independent director with the company for the last 15 months. He has been influential in the acquisition of both of our properties in Wyoming and brings over 30 years of exploration and management experience. He was co-founder and CEO of High Plains Uranium which successfully listed on the Toronto Stock Exchange and was later acquired by a major uranium company. He currently serves as the COO of West Mountain Index Advisors, Inc.
In addition to Mr. Baughman's appointment as CEO, Big Bear is pleased to announce the appointment of three additional board members. John Ryan is reunited with Mr. Baughman from their collaborative efforts at High Plains Uranium. He is also the co-founder of U.S. Silver and Western Goldfields Inc. He currently serves as the CEO and Chairman of Senetek PLC (OTCBB:SNKTY) . Mr. Ryan will assume the duties of CFO and as a director with Big Bear.
Additionally, the Company is pleased to announce the addition of Howard Crosby as a director. Mr. Crosby serves currently on the boards of Senetek PLC and White Mountain Titanium Corp (OTCBB:WMTM). He also was co-founder of U.S. Silver, High Plains Uranium, and Western Goldfields Inc.
Finally, the Company is pleased to announce that Mr. Bruce Reid will serve as the new Chairman of the Board. He currently serves as the Chairman and President of Carlisle Gold (CNSX:CGJ). He brings with him extensive experience in the capital markets and financial sectors in Toronto and is a professionally trained geologist.
In his departure, former CEO Steve Rix stated, "In building a junior mining exploration company, we recognize that, from time to time, management changes are essential to foster continued growth and investment in the Company. It has been my honor to bring Big Bear this far along in its early development and I believe that the new management, along with the addition of Mr. Ryan, Mr. Crosby and Mr. Reid to the Board, will provide Big Bear with years of experience, insight, and success in continuing to build shareholder value through exploration of our precious metals projects."
About Big Bear Mining Corp:
Big Bear Mining Corp is a U.S.-based exploration company, focused on the acquisition and development of gold and other precious commodity projects that are economically viable and geologically compelling. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the completion of the financing with Southern Legacy.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Big Bear Mining Corp