Toronto (ots/PRNewswire) - Richmont Mines Inc. (TSX - NYSE MKT: RIC)
("Richmont" or the "Corporation") has announced that Greg Chamandy
has resigned his position from the Richmont Board of Directors (the
"Board") effective immediately and will not stand for re-election at
the Corporation's Annual General Meeting scheduled for May 12, 2016.
"I would like to thank Greg for his contributions to Richmont and the
Board over the past seven years. Under his stewardship, we have put
in place a strong management team that is creating significant
shareholder value." stated René Marion, Chairman of the Board. He
continued, "On behalf of the Board, I would like to thank Greg for
his contributions and wish him all the best with his future
endeavors. The Board, through its Governance and Nominating
Committee, will lead the process of identifying a new independent
Board member with the objective of further strengthening the Board."
About Richmont Mines Inc.
Richmont Mines has produced over 1.6 million ounces of gold from its
operations in Quebec, Ontario and Newfoundland since beginning
production. The Corporation currently produces gold from the Island
Gold Mine in Ontario, and the Beaufor Mine in Quebec. The Corporation
is also advancing development of the significant high-grade resource
extension at depth of the Island Gold Mine in Ontario. With 25 years
of experience in gold production, exploration and development, and
prudent financial management, the Corporation is well-positioned to
cost-effectively build its Canadian reserve base and to successfully
enter its next phase of growth. Richmont routinely posts news and
other important information on its website
(http://www.richmont-mines.com).
Forward-Looking Statements
This news release contains forward-looking statements that include
risks and uncertainties. When used in this news release, the words
"estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may" and similar expressions, as well as "will", "shall" and
other indications of future tense, are intended to identify
forward-looking statements. The forward-looking statements are based
on current expectations and apply only as of the date on which they
were made. Except as may be required by law, the Corporation
undertakes no obligation and disclaims any responsibility to publicly
update or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise.
The factors that could cause actual results to differ materially from
those indicated in such forward-looking statements include changes in
the prevailing price of gold, the Canadian-United States exchange
rate, grade of ore mined and unforeseen difficulties in mining
operations that could affect revenue and production costs. Other
factors such as uncertainties regarding government regulations could
also affect the results. Other risks may be set out in Richmont
Mines' Annual Information Form, Annual Reports and periodic reports.
The forward-looking information contained herein is made as of the
date of this news release.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN