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Rouge Resources to change name to Fiore Exploration, appoints CEO

RougeResources Ltd. has appointed Timothy Warman CEO and it will changeits name to Fiore Exploration Ltd., the company said July 12.

Alongside Robert Pirooz, Peter Tallman, Harry Pokrandt and GeirLiland, the former president of Dalradian Resources Inc. and current director ofContinental Gold Inc.will also join Rouge's board of directors. Warman's appointment is with effectfrom July 8.

Additionally, Rouge said it agreed with to amend the termsof the Pampas ElPenon stake acquisition. To reflect the dilution effect on the backof Rouge's C$5.2million financing shortly after the deal, Arena will now receive9,550,000 common shares of Rouge and Sociedad Quimica y Minera de Chile SA will receive5,350,000 shares.