TORONTO, Sept. 21, 2011 /PRNewswire/ - Gran Colombia Gold Corp. (TSX: GCM) announced today that it has appointed Mario Pacheco as a member of the board of directors of Gran Colombia, effective immediately. Mr. Pacheco's appointment is subject to regulatory approval.
Gran Colombia also announced that in order to assist the Company in reducing the size of the Board, the following directors have agreed to resign: Jorge Neher, Courtney Neeb Brewer and J. Randall Martin. Maria Consuelo Araujo has also resigned from the Board but will continue in her role as Chief Executive Officer of the Company.
Mr. Pacheco has been involved in the Colombian banking industry for over twenty five years and has most recently worked as a senior executive for one of Colombia's largest banks, Banco Colpatria.
"The Board is delighted that Mr. Pacheco has joined the Gran Colombia team. Mr. Pacheco brings to Gran Colombia considerable knowledge and years of experience in the banking and finance industry and in Colombia in particular," said Serafino Iacono, the Executive Co-Chairman of Gran Colombia.
The Board wishes to thank Messrs. Neher, Brewer and Martin for their contributions to the Company. Mr. Martin will continue to act as an advisor to the Company.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with six underground mines in operation. In addition, Gran Colombia is also developing a large-scale, open-pit gold and silver mine at Marmato. The Company also has a highly-prospective land position in Colombia as well as an advanced stage property in Venezuela and earlier stage properties in Mali.
SOURCE Gran Colombia Gold Corp.