LAS VEGAS, May 02, 2016 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCQB:CGCC) (The Company) announces changes in corporate governance leadership. Stephen M. Studdert, who has been serving as Chairman and President, announced Merrill W. Moses as his successor, effective May 1, 2016.
Mr. Studdert has long planned to rotate off the board at the end of April, 2016. “For achieving shareowner value, I believe strongly in fresh leadership and Mr. Moses joining the Canyon Gold team at this time is an important planned step in that direction. I’m pleased that the company is now positioned to move aggressively forward on the strategic value plans we have put in place. Our goal is to optimize value for shareowners, and Mr. Moses brings a wealth of talent and expertise to achieve that.”
The Company is pleased to also announce that Mr. Studdert will remain as a key member of its board of advisors.
“These important changes in governing leadership will facilitate the company moving into the next phase of market penetration for its proprietary school security technology and its high-potential Nevada gold holdings, to realize its market growth potential, and ensure governance stability,” said Mr. Studdert.
“We express our appreciation to Mr. Studdert for his service as a member of the team and are pleased to continue to be able to profit from his vast experience as an advisor” – “I am honored to be appointed as the President and CEO and I look forward to continue the task to success and to take the Company into the next phase to achieve the goals of the Company and to optimize shareholder value,” said President Merrill Moses.
Merrill W. Moses has a substantial professional executive background in technology, finance, energy production, and mining operations. A former bank president, Mr. Moses has been the chief executive officer and board member of several public and private corporations, and has extensive executive experience in Nevada gold mining exploration and in bringing new technology products to market. He is listed in ‘Who’s Who’ in the National directory of “Executives and Professionals”. He served as President George W. Bush’s Honorary Chairman of the House Majority Trust as well as serving “with distinction” on the National Republican Congressional Committee’s “Business Advisory Council” for the state of California.
Mr. Moses will also be the acting President and Director of the Gold Subsidiary (LCGRC).
THE COMPANY’S SUBSIDIARIES: www.canyongoldexploration.com
DEFENSE TECHNOLOGY CORPORATION, LLC (DTC):
DTC was formed in 2007 to bring products to market in the areas of personal and collateral protection. DTC will succeed in the markets of personal and collateral protection by creating technology that is unique in design and operation. The company currently has two products in development that will have the potential to change the face of their respective industries.
DTC’s Offender Alert Passive Scan is a 'next generation' walk-through detector scanning unit.
The DTC scan-system emits nothing through the subject and is passive.
(Scanner systems currently in the market are effectively an X-RAY in some form)
A patented, trademarked product that is a technologically advanced passive scanning system for detecting and identifying concealed threats. The unit can be installed into a door frame with no visual presence, providing covert detection, or can be installed as a standalone unit for portable operation.
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See the first weekly presentation of Canyon Gold on MoneyTV: http://www.moneytv.net/
Long Canyon Gold Resources Corp. (LCGRC) owns 30 mineral lease claims and has the opportunity to acquire additional claims in the mineral-rich Spruce Ridge area as well as in the similarly mineralized Pequop Mountains of the Long Canyon Trend Area of Nevada. These sections are adjacent to the original discovery acquired by Newmont Mining for 2.3 Billion Dollars and also the site of the Newmont open pit mine estimated to be in full operation by 2017.
“With our timely new ‘Passive Scanning System’ by DTC and the climbing gold market we are looking to a good future for Canyon Gold and its Investors.”
On behalf of the Board of Directors, Merrill W. Moses, President & CEO
1 800 520-9485 Merrill W. Moses, President
The Company trades on the OTCQB tier of the OTC market. Investors can find Real-time quotes and market Information for the Company on http://www.otcmarkets.com/stock/CGCC/quote
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Canyon Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Canyon Gold Corp’s management on the date the statements are made. Except as required by law, Canyon Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Source:Canyon Gold Corp.