Published:
General Metals Welcomes David L. Holmes, President, CEO, CIO of Adagio Trust Company of Reno, NV to Our Advisory Board
General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to announce that David L. Holmes,
President, CEO and Chief Investment Officer of Adagio Trust Company of
Reno, NV has joined our Advisory Board.
Mr. Holmes is the founder of Adagio Trust Company. He brings a strong
academic and professional background in trusts and investments to his role
as President, CEO and Chief Investment Officer of Adagio. He holds a BS in
Accounting and an MBA in Finance from Brigham Young University, a Certified
Trust and Financial Advisor certificate (CTFA), and a Certified Management
Accountant (CMA) certificate. He also completed Morgan Stanley's rigorous
eight-month Portfolio Management and Capital Market Training program in
1990. At Adagio, he has helped the firm grow from concept phase to managing
$355 million from offices located in Reno and Las Vegas Nevada while
achieving excellent composite performance on client accounts derived from
internally generated investment strategies and products.
His work experience includes 10 years during the 1980s in accounting
management culminating in 5 years as VP Finance of Realty Income
Corporation. From 1990 through year-end 1994, he managed individual client
money as a broker with Morgan Stanley. For the next five years he served
as Vice President and Portfolio Manager for Whittier Trust Company managing
all client assets in the Nevada office and a majority of the assets in the
San Francisco office. At Whittier, Mr. Holmes played a key role in
maintaining and developing Whittier's internal equity strategies where he
served as strategy lead manager on three strategies and back up manager on
three others. During his tenure at Whittier, assets under management for
the Nevada office grew from under $200 million to $1 billion and firm
assets grew from $2.2 billion to $4 billion.
Mr Holmes commented: "This is a tremendous project and a historical time
for gold development. I appreciate the opportunity to be of assistance in
the financial development of a local company whose vision is to become a
substantial producer in the industry."
Company President and CEO, Steve Parent said: "Mr. Holmes appreciates the
needs of a start up mining company and shares our vision of growth and has
committed to help guide us in our current and future development financing
activities. He enjoyed a recent visit to the Independence Mine and
appreciated a comprehensive tour with our consulting geologists and
management."
Company CFO, Dan Forbush, says: "I have known David for several years and
he has expressed a priority commitment to management to assist in the
overall financial development strategy of our Company. We are very
fortunate to have his talent and vision on our team. David followed my
career at Glamis and understands the opportunity for significant leverage
that our Company represents at this early stage."
About General Metals Corporation: The Company is production and growth
oriented and controls 100% of the strategically situated Independence Mine
property located in the prolific Battle Mountain Mining District on the
Battle Mountain - Eureka gold trend, in Humboldt County, Nevada, adjacent
to the giant Phoenix project. The current drilling program is designed to
confirm early estimates of mineralized material thought to contain 235,000
oz. gold and 2,500,000 oz. silver and to expand the mineralized envelope
which enhances near term production numbers. The Company also owns 150 sq.
km. of mining concessions for gold, diamonds and base metals in Ghana, West
Africa and plans to commence exploration activities this year.
A detailed description of the exploration and production history of the
Independence property is available on the Company's web site at
www.gnmtlive.com. Equities Magazine's May issue contains an article on
General Metals' progress in 2007 and can be found in bookstores on page
108, or online at www.equitiesmagazine.com.
The Company also wishes to advise shareholders that it has moved its
offices to a more permanent address as follows: 615 Sierra Rose Drive,
Suite 1, Reno, NV 89511. The new phone numbers are listed below.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such forward-looking
statements include, among other things, that the proceeds from the recent
private placement will allow the Company to proceed with Phase 1 drilling
at its Independence Mine in Nevada or any shallow mining production later
this year, the budget for the Phase 1 drilling program, that an estimated
235,000 ounces of gold and 2,500,000 ounces of silver are contained in the
mineralized material in the "Shallow Target," and is proposed to be mined
and loaded onto a cyanide heap leach pad, or any future financings that the
Company may enter into.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mineral exploration. We are not in
control of metals prices and these could vary to make development
uneconomic. These forward-looking statements are made as of the date of
this news release, and we assume no obligation to update the forward-
looking statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that such
beliefs, plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual report on
Form 10-KSB for the 2007 fiscal year, our quarterly reports on Form 10-QSB
and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Manufacturing and Production:MiningandMetals, ,OTCBULLB,OTCBULLB,NV,RENO, NV
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