www.alhambraresources.com/dev/news/releases/nr_2006_01_ -
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Published on: 1/10/2006
Last Visited: 8/1/2008
CALGARY, ALBERTA - Alhambra Resources Ltd. ("Alhambra" or the "Company") is pleased to announce the appointment of Ihor P. Wasylkiw, Calgary, Alberta as Vice President and Chief Information Officer.As an employee, Mr. Wasylkiw will be a key member of the senior management team whose primary responsibilities will be aimed at keeping the investment community and the Corporation's shareholders fully informed regarding the Corporation's ongoing activities and preparing and distributing news releases, corporate materials, corporate profiles and shareholder communication materials.
Mr. Wasylkiw is a Professional Engineer with 27 years of experience in the oil and natural gas, and securities industries.Mr. Wasylkiw has held both technical and managerial positions both domestically and internationally.Most recently, over the last seven years, he was Vice President Investor Relations for PetroKazakhstan Inc., an oil producer in Kazakhstan.Mr. Wasylkiw also worked in Russia and Tatarstan where he held the positions of First Deputy Director General and Advisor to the Director General.
Mr. Wasylkiw has held the position of Senior Oil and Gas Analyst at Research Capital Corporation.He also has oil marketing experience and thirteen years with Shell Canada Limited in various business and technical capacities.
Mr. Wasylkiw holds a Bachelors Degree (Honors) in Mechanical Engineering from the University of Manitoba and is a member of APEGGA.
"We're very pleased to welcome Ihor to our management team" stated John J. Komarnicki, Chief Executive Officer and Chairman of the Board of Alhambra.
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Under the terms of his employment, Mr. Wasylkiw will be paid an annual salary of $120,000 and will be granted options to purchase 300,000 common shares of the Corporation.Such stock options shall have an exercise price of $0.76 per common share (being the closing price on December 21, 2005, the date on which the employment agreement between Mr. Wasylkiw and the Corporation was entered into), have a term of three years from the commencement of his employment, and shall vest as to twenty-five percent (25%) immediately and thereafter as to twenty-five percent (25%) thereof six (6) months, twelve (12) months and eighteen (18) months from the date of grant.The appointment of Mr. Wasylkiw and the granting of options in connection with his appointment are subject to the approval of the TSX Venture Exchange Inc.
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