NWWV news
CA Goldfields finalizes team to develop infrastructure for mining operations
Wednesday March 12, 9:05 am ET
TORONTO, March 12 /PRNewswire-FirstCall/ - CA Goldfields, Inc. (OTC: NWWV.PK - News) is pleased to announce it has finalized the signing of employee agreements and related options for the management and staff personnel to ensure the successful development and operations of our mining operations in Nicaragua.
Two key members of the team are Glen Hodgson Dvalrey and Moe Sankar and they will be the Director of Exploration and Development and Operations Manager respectively of the Company's mining operations.
Mr. Hodgson Dvalrey, a noted geologist and mining engineer, will be responsible, as head Company geologist, for all geological, exploration and testing work performed by the Company. Mr. Sankar will be the Operations Manager of the Company developing the mining infrastructure.
Mr. Hodgson Dvalrey will receive 750,000 options of the Company exercisable at $0.01 per share and Mr. Sankar will receivable 1,250,000 options of the Company exercisable at $0.01 per share as compensation for their services.
OTHER MEMBERS OF THE MINING STAFF FOR CA GOLDFIELDS, INC.:
Enrique Rizo Diaz and Fernando Rizo Diaz - Both brothers, from whom the Company purchased the La Curva property, understand the land mass and where the gold veins run. They are very familiar with the political and departmental mining Departments that regulate the mining concessions in the area. Enrique and Fernando will help co-ordinate the overall mining operations as Assistant VP's - Mining Development. Enrique and Fernando will each receive 150,000 options of the Company exercisable at $0.01 per share as initial compensation for their services.
Francisco Rizo Diaz - Also one of the brothers we purchased property from, Francisco is a mining lawyer and very familiar with the mining laws and rules and regulations pertaining to the mining industry in Nicaragua especially the Bonanza mining district where our property is located. Francisco will assist in all legal requirements of the Company as Assistant VP - Legal Department. Francisco will receive 150,000 options of the Company exercisable at $0.01 per share as initial compensation for his services.
Esperanza Lacayo Tejada - Esperanza will originate, co-ordinate, and file all documents and papers required in the importation and deployment of machinery the company requires for its operations, whether imported or purchased locally. In addition, she will be in charge of all administrative and secretarial functions of the Company as Custom Chief and Administration Assistant - Free Zone, Nicaragua. Esperanza will receive 100,000 options of the Company exercisable at $0.01 per share as initial compensation for her services.
Ricardo Lacayo Tejada - Ricardo will assist in the overall management, maintenance and supply of the vehicles employed in the mining operations of the Company. In addition, Ricardo will be the driver for the Company in errands and movement of supplies and personnel. Ricardo will receive 75,000 options of the Company exercisable at $0.01 per share as initial compensation for his services.
Wilmer Mendoza - Wilmer has been a practicing lawyer for over 25 years in Nicaragua, and is very familiar with all mining and corporate laws as it relates to the operations of the Company. Wilmer will be VP - Legal and Corporate Affairs for the Company and will be in charge of all legal duties for the Company. Wilmer will receive 400,000 options of the Company exercisable at $0.01 per share as initial compensation for his services.
David Garcia - David is currently president of the Association Of Small Miners in Bonanza, and is in charge of a co-operative that has 450 miners as members. David, amongst other things, will be an invaluable source of knowledge and personnel recruitment for the Company. David will be VP Personnel and Operations for the Company and will receive 250,000 options of the Company exercisable at $0.01 per share as initial compensation for his services.
Erick Daniel G. Ramos - Erick is a mechanical engineer and operates a machinery rental and sales operations and services machinery for the mining and construction industry. Erick will be VP Vehicle Procurement and Maintenance for the Company and will receive 200,000 options of the Company exercisable at $0.01 per share as initial compensation for his services.
Each option is convertible into one common share of the Company at the time the options are exercised and the options expire three years from the date they are granted and will not be free trading for the first 12 months.
New Wave currently has 237,000,000 shares outstanding now. The transfer agent is Transfer Online of Portland, Oregon.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Mobile reports that will be on file with the US Securities and Exchange Commission.
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Source: New Wave Media Inc.
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