|By Marketwired .||
|July 25, 2014 10:41 AM EDT||
NEW YORK, NY and JAKARTA, INDONESIA -- (Marketwired) -- 07/25/14 -- Vanguard Mining Corporation (PINKSHEETS: VNMC) announced today that MaiHoa Nguyen has resigned from her offices as a member of the Board of Directors, Chairperson and President of the Company and Thang Thi Ha has resigned as Chief Financial Officer, both effective 05:00 pm Pacific Daylight Time, July 24, 2014.
The Company would like to take this opportunity to thank both MaiHoa and Thang for their tireless efforts, commitment and contribution for the benefits of the Company and its shareholders during the last four years. The Company will shortly announce the new President and Chief Financial Officer who be joining our management team to take the Company to the next level.
VNMC is currently focused on executing its exploration and mining plans in Indonesia and will complete its financial audits in order to file a registration statement to resume its fully reporting status with the Securities and Exchange Commission and upgrade the trading venue of the Company's stock. The Company's common stock used to trade on the NASDAQ Stock Market and Over-the-counter Bulletin Board in the past. The Company cannot overemphasize the fact that following the termination of the high calcium carbonate project in Northern Central Vietnam and the realignment of its portfolio holdings, potential investors should not rely on historical financial information that has been published by the Company heretofore to make any investment decisions with respect to the Company's securities.
Quang Le, VNMC's Executive Vice Chairman and Chief Geologist, stated: "We are sorry to see MaiHoa and Thang go at this juncture and would like to express our best wishes to both of them in their future business and personal pursuits. At the same time, we firmly believe that the Company is ready to embark on a new stage of development and growth that will create very significant value for our shareholders and investors."
About Vanguard Mining Corporation
Vanguard Mining Corporation, a Nevada corporation established in 1987, is currently building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone, manganese and iron sand in Indonesia. The company has also investigated mineral asset opportunities in other geographical areas. http://www.vnmcglobal.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Executive Vice President
Vanguard Mining Corporation
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