Form 10-Q filed today for the period ended September 30, 2015 reflect a $431,168,400 increase in stockholders’ equity and a $287,445,600 increase in non-controlling interests in its 60% owned subsidiary, Omagine LLC
Omagine LLC is developing a $2.5 billion tourism and real-estate project in the Sultanate of Oman and the increases are attributable to the purchase by LLC in July 2015 of Land Rights in Oman valued at $718,614,000.
Richard Evans has been nominated for the Board. He is a former CEO of Alcan and is quite a significant nomination. This is good news. Ike
Tyhee Names Richard B. Evans to Slate of Board Nominees for Upcoming Annual General Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2013) -Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") is pleased to announce that Richard ("Dick") B. Evans has agreed to accept nomination as a member of the Board of Directors at the Company's upcoming Annual General Meeting.
A well recognized and respected business leader in Canada and internationally, Mr. Evans has served as a director and/or senior executive for a number private and publically traded companies over a 45-year career primarily in the metals and resource sector. He currently serves as Chairman of the boards of Montreal based Resolute Forest Products and Amsterdam based Constellium, and is an independent director of Montreal based CGI and New York based Noranda Aluminum Holdings.
He recently served as interim Chairman and Chief Executive Officer of privately held Constellium, formerly Alcan Engineered Products, from November 2011 to February 2012. He was President and CEO of Alcan Inc. from 2006 until its merger with Rio Tinto Aluminum in October 2007. From 2007 through 2009, he served as Executive Director of Rio Tinto PLC and Rio Tinto Ltd., and CEO of Rio Tinto Alcan (a wholly-owned subsidiary of Rio Tinto.) He joined Alcan in 1997 after a 27-year career with Oakland, California based Kaiser Aluminum and Chemical Company.
From October 2005 to March 2006, Mr. Evans was Chief Operating Officer of Alcan Inc. and, from 1997 to 2005, he held several executive positions with that company, including President of Alcan Aluminum Corporation. Prior to 2009, he had served on the boards of Alcan Inc. (NYSE; TSX prior to its merger with Rio Tinto and Rio Tinto plc (London Stock Exchange; NYSE [ADRs]) and Rio Tinto Limited (Australian Stock Exchange) following the merger. Mr. Evans has also served as Chairman of the Washington, D.C. based Aluminum Association and the London based International Aluminum Institute and on the Advisory Boards of the McGill Desautels Business School and the Kiel, Germany based Global Economic Symposium. He is a graduate of Oregon State University and the Stanford Graduate School of Business.
"I and the other members of our Board are extremely pleased that Dick has accepted our invitation to join us at this critical time in Tyhee's development," said Denis Taschuk, Chairman of the Board. "His experience, reputation and financial acuity can only enhance the significant strengths that we already have at both the Board and Executive levels."
"During my recent discussions with Dick, I was able to see why he is so highly sought after as a Board member," said Brian Briggs, P. Eng., Tyhee's President and Chief Executive Officer. "He has helped guide several of the world's best known resource companies through challenging periods of development and growth and we are honored to have him agree to bring his experience to our team."
Richard Evans commented: "I have been impressed by the strength and integrity shown by the Tyhee Board and its senior management as it continues to advance the Yellowknife Gold Project in a difficult investment market. I look forward to contributing in whatever way I can to seeing this exciting gold project brought successfully into production."
Tyhee will also nominate Denis Taschuk as Chairman, as well as Dr. Hans Black, Michael Sonnenreich, Dave Nickerson and Brian Briggs as Directors at the upcoming Annual General Meeting, scheduled in Vancouver on May 9, 2013.
All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; delays in obtaining approvals, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delays in completion of work necessary to complete the feasibility study, whether as a result of adverse weather conditions, contract or labour disputes, equipment failure, or response to regulatory enquiries in respect of permit applications; technological and operational difficulties encountered in connection with the activities of the company. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the companies' forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information: GT Investor Relations Inc. Greg Taylor 905 337-7673 C: 416 605-5120 firstname.lastname@example.org
Tyhee Gold Corp. Brian Briggs, P. Eng. President & CEO 604 681-2877 email@example.com
Source: Marketwire Canada (March 21, 2013 - 7:45 AM EDT)