Medallion Appoints New President and Chairman

- January 27th, 2011

Medallion Resources (CVE:MDL) reports that it has appointed Mr Donald M Lay, presently a director of the Company, to the position of President and Dr William Bird has been appointed as Chairman of the Board, while remaining Medallion’s CEO.

Medallion Resources  (TSXV:MDL) reports that it has appointed Mr Donald M Lay, presently a director of the Company, to the position of President and  Dr William Bird has been appointed as Chairman of the Board, while remaining Medallion’s CEO.

The press release is quoted as saying:

Mr Lay has over 25 years of experience with public and private venture capital, communications and startup companies. He has also served as a director for a number of private and public companies, including several mineral-exploration companies such as International Taurus Resources Inc, American Bonanza Gold Corp Inc (TSX: BZA) and Medallion.

Medallion’s new Chairman & current CEO, Dr Bird says:

“It is important to now build on the strengths of our management team and I welcome Don’s new role with the Company. Don has been contributing as an active director with Medallion for many years and has made significant contributions. Don will focus on the capital side of our business and it will be great to have additional help on the business strategy as the rare earth industry evolves.”

Click here to access the entire news release.

Click here to access Medallion’s company profile.

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