said March 31that it appointed Vance Loeber as president, CEO and a director, effective March23.

Loeber replacesMichael Collins, who resigned from the posts.

Loeber has over30 years of international finance experience and specializes in resource funding.He was one of the founders of U.S.Silver Corp., SandspringResources Ltd. and CarlisleGoldfields Ltd.

In addition,the company named Abraham Drost nonexecutive chairman.