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| | December 04, 2007
International Gold Resources, Inc. retains Sierra Partners LLC as its Financial Advisor.
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| | Denver, CO, December 4, 2007 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) announced today the Company has retained Sierra Partners LLC as its non-exclusive financial advisor. Sierra Partners is a private advisory group providing strategic and financial planning advice, investor relations services and transactional support and management expertise to clients in the global resource business. Sierra Partners' principals, W.D. "Randy" Eppler and John Gaensbauer will assist the Company with the development of its financial and strategic plans and business alternatives, conduct an outreach program to contact and engage potential investors and strategic partners, and provide transactional support to management.
Sierra Partners LLC was founded by Mr. Eppler in 2004. Mr. Eppler has over 30 years of diversified business leadership experience in finance, exploration, production and marketing of mineral resources worldwide. Prior to forming Sierra Partners, Mr. Eppler was Vice President of Newmont Mining Corporation, the world's second largest gold producer from 1995 to 2004, following a twenty year career in commercial and investment banking, focused on the minerals industries.
Mr. Gaensbauer has an extensive background in international mining and natural resources transactions and finance. Prior to joining Sierra Partners, Mr. Gaensbauer served as Group Executive, Investor Relations for Newmont, where he was responsible for the development and coordination of Newmont's global investor relations strategy. Prior to that, Mr. Gaensbauer served as in-house counsel to Newmont, managing legal affairs and transactions for Newmont's West African, Central Asian and European operations.
Tim Acton, IGR's President and CEO, said, "We are pleased to be associated with Sierra Partners and Randy Eppler and John Gaensbauer. Randy and John are long time associates and bring to IGR a wealth of mining finance experience. We look forward to working with them. With the recent closing of our private placements, our mining license application in Brazil at the Cupixi manganese deposit, our other exploration efforts at our gold targets in the Yukon and Brazil, IGR is making good progress toward achieving our vision of becoming recognized as one of the World's premier early stage exploration and development companies."
About International Gold Resources, Inc.
The vision of International Gold Resources, Inc. is to maximize shareholder value by becoming recognized as one of the premier early stage gold exploration and development companies in the world.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The retention of a financial advisor is no guarantee that the Company will be successful in its present or future endeavors, regardless of the experience, skill, and education which the financial advisor possesses. Moreover, recent progress by the Company in various aspects of its operations is no guarantee of future results. Additional factors that also could cause actual results to differ materially from these forward-looking statements include, among others: the uncertainty of operating in foreign countries; the volatility of mineral prices; potential operating risks of mining, development, and exploration; the uncertainty of estimates of mineralized material and deposits; environmental and governmental regulations; availability of financing; governmental proceedings and approvals; force majeure events; and other risk factors as described from time to time in the Company's filings with the Securities and Exchange Commission. Such factors are beyond the Company's ability to control or predict.
For further information, please contact:
Mr. Lyle Durham (Vice President - Investor Relations):
425-844-2535 and 1-800-480-9008 (U.S. only).
Website: http://www.intlgold.com |
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| | You can view the Next News Releases item: Mon Jan 7, 2008, Robert L. Dumont joins International Gold Resources, Inc. as President and Chief Executive Officer.
You can view the Previous News Releases item: Wed Nov 28, 2007, International Gold Resources, Inc. Announces Assay Results for Cupixi Manganese Target, Amapa State, Brazil.
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