– USA, AZ – El Capitan Precious Metals, Inc., (OTCQB:ECPN) announced today that the Company’s board of directors has been expanded to include two additional positions and named John Balding and Robert Shirk as new directors. These new appointments expand the board to seven directors.
In related news, El Capitan Chairman and CEO John F. Stapleton confirmed that A. Blair Dunn, Esq. has been named Corporate Counsel. Dunn replaces Arly Richau, who stepped down from that position in late October.
Balding and Shirk join current El Capitan Directors Chuck Mottley, Clyde Smith, Tim Gay and Danny Martinez.
John Balding’s career has run the gamut from data processing and military intelligence to commercial lending. He holds a degree in Mathematics from Southern Oregon University and a Master of Business Administration from Arizona State University. Among the strengths and experience Balding brings to the El Capitan board is the ability to structure sophisticated financial transactions.
Robert Shirk, an active investor in gold and copper mines and oil wells over the past 35 years, is well-connected in the mining industry in both the United States and Canada. He is a CPA and has served as CFO for an Iowa-based real estate organization for more than 40 years. Shirk’s background includes land development, commercial construction, and operations, and he has been involved in the governmental processes related to the purchase and development of raw land.
“Both new directors are welcome additions to a board that has its sights on delivering value for its shareholders,” said Stapleton, “and I know they share the current board’s vision for the future.”
As new Corporate Counsel, Dunn is a founding partner of Western Agriculture, Resource and Business Advocates, LLP. He has served as the General Counsel and Director of Agricultural Policy for the South Dakota Department of Agriculture, as well as the Chief Legal Counsel for the New Mexico water rights brokerage firm of WaterBank. Stapleton believes that Dunn’s professional and personal background is especially well-suited for his new role as Corporate Counsel — having grown up on farms and ranches in Southern New Mexico and holding an undergraduate degree in Geology— and that he, like the new directors, will play a key role as the Company moves forward with initiatives to enhance the opportunities in front of it.
Stapleton acknowledged Richau for his contributions in helping the Company achieve significant milestones in the past years.
Stapleton also announced that a Finance/Audit Committee has been formed, chaired by Tim Gay. Committee members include Shirk and Company CFO Steve Antol.
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is an exploration stage company (as defined by the Securities and Exchange Commission’s Industry Guide 7) based in Scottsdale, Arizona that is principally engaged in the exploration of precious metals and other minerals. The Company’s primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100% equity interest in the El Capitan property located near Capitan, New Mexico.
For more information : https://www.elcapitanpmi.com
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