Providential Holdings’ subsidiary, IndoChina Mining Corp., appoints US mining industry veterans to board of directors
Providential Holdings, Inc. (OTC BB:PRVH.OB -News), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today appointed W. Pierce Carson, Ph.D., and Lawrence G. Olson to the board of directors of Providential’s wholly owned subsidiary IndoChina Mining Corp (IMC). IMC’s board also includes Henry Fahman, CEO Providential Holdings, and Tai Vo, president of Providential Vietnam (Phi Vietnam).
Dr Carson’s 30-year geological career includes exploring, developing and mining base, precious metals and industrial minerals in the US and abroad. He is currently president and CEO of Santa Fe Gold Corp., a publicly traded company on the OTCBB, where he has served since 2003. Prior to that, Carson was president and director of Nord Pacific’s Mining and Exploration Operations in Australia, Papua New Guinea, Canada, Mexico and the US He holds a Ph.D. and Master of Science from Stanford University and a bachelor’s degree from Princeton University.
Lawrence Olson currently serves as chair of the board of directors of Santa Fe Gold Corp., having formerly served as CEO and president until 2003. Prior to that, Olson partly owned Arisona Mica Properties, Inc., which was acquired by Santa Fe Gold Corp.
Henry Fahman, CEO of Providential Holdings, commented, “We are thrilled to have two established mining professionals join IMC’s board of directors. Their strategic insights will help us as we prepare to begin our first financial transaction to secure mining stakes in Vietnam.”
About IndoChina Mining Corp.
IndoChina Mining Corp., a wholly owned subsidiary of Providential Holdings (PHI) plans to take majority and minority stakes in precious and non-metal mines in Southeast Asia. Headquartered in Vietnam, the company’s strategy includes establishing joint ventures to explore and mine for metals in Vietnam, Laos and Cambodia.
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services and investing in the rapidly growing economies of Vietnam and Asia. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and leading US investment banking firms, to help Vietnamese companies go public and raise capital through the US financial markets. For more information on Providential Holdings, visit http://www.phiglobal.com.
A profile for investors can be accessed at http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact Antonella Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: Providential.Holdings@hawkassociates.com or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To sign up for free e-mail notification of future releases, visit http://www.hawkassociates.com/about/alert.
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.
Investor Relations Contact:
Hawk Associates, Inc.
Antonella Montagna and Frank Hawkins
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