Hanover Gold Announces Appointment of Executive Officers and Directors
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HOUSTON, Jan. 22, 2008 (PRIME NEWSWIRE) -- Hanover Gold Company Inc.
(OTCBB:HVGO) today announced, as disclosed in its Current Report on Form 8-K
filed on January 3, 2008, the appointment of its executive officers and
directors as follows: Rocky V. Emery as Chief Executive Officer and Director,
Allan J. Smedstad as Chief Financial Officer, Tom S. Elliot as Chief Operating
Officer, and William F. Mosley and Stephan J. Warner as directors.
Mr. Emery founded Rock Energy Partners LP in April 2004 and acted as its Chief
Executive Officer until the closing of the Asset Purchase with Hanover Gold
Company on December 21, 2007. Prior to forming Rock Energy Partners, Rocky Emery
had a ten-year career in the financial services industry. Mr. Emery earned his
Bachelor of Science in physiology from the University of Utah.
Allan Smedstad has over 40 years experience as an accounting and audit manager
with large and small independent oil and gas companies. He was Secretary and
Treasurer of Rock Energy Partners from April 2004; and, from 2001 to 2004, he
was an oil and gas auditor with BRI Consulting Group, Inc.
Tom Elliott earned his professional petroleum engineering degree from the
Colorado School of Mines and has been an independent business consultant since
2004. From 2001 to 2004 he acted as a senior management adviser on a
consultant-basis to Texas Independent Exploration. He previously served as a
senior management adviser to Equinox Oil Company and as a consultant and senior
management adviser to Tri Gas Union Development.
William Mosley, CPA, has been the president of W. F. Mosley Inc., an independent
CPA firm in Houston, Texas, for the past 20 years. Prior to that time, he was
owner of the firm of W.F. Mosley & Co. and, before that, a partner in the CPA
firm of Leavitt & Mosley & Co.
Stephan Warner was a co-founder and has been a partner of Crossbow Ventures
Inc., a private equity firm with over $100 million under management, since 1998.
From 1994 to 1998 he was a consultant to private equity firms and to USAID.
Previously, he was Managing Director of Commonwealth Associates, a privately
held brokerage firm involved in the financing of emerging growth companies. From
1970 to 1990 he was President of Merrill Lynch Venture Capital. He holds a
bachelor's degree from MIT, an MBA from the Wharton Graduate School of Business,
and a law degree from Blackstone School of Law.
"We are very pleased with the quality and experience of our board and feel that
their commitment to guiding this company speaks volumes as to the potential,
future success Hanover/Rock," said CEO Rocky Emery.
Hanover Gold recently acquired the assets and liabilities of Rock Energy
Partners LP under the terms of an asset purchase agreement, dated December 21,
2007, and announced Rock Energy as the surviving operating entity. Rock Energy
will continue to trade under the symbol "HVGO" until a new symbol is issued by
the NASD, and the new public entity will be renamed Rock Energy Resources
Corporation.
As part of the terms of the agreement, Hanover Gold and Rock Energy Partners
also accepted the resignations of Hanover's executive officers, including Terry
Dunne as President, Paul Fredericks as Vice President and Dan McKinney as
Secretary, effective January 3, 2008.
About Hanover Gold Company, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Hanover Gold
Company is an oil and gas company based in Houston, Texas, that seeks out
untapped, onshore natural gas and crude oil resources using cutting-edge 3D
technologies. Hanover currently produces and sells natural gas and crude oil
from two locations: the Wilcox trend in Colorado County, Texas, and the Monterey
Formation in Santa Barbara County, California.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements made herein are not a guarantee of future
performance. This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These statements
are necessarily subject to risk and uncertainty. Actual results could differ
materially from those projected in these forward-looking statements as a result
of certain risk factors that could cause results to differ materially from
estimated results. Management cautions that all statements as to future results
of operations are necessarily subject to risks, uncertainties and events that
may be beyond the control of Hanover Gold, and no assurance can be given that
such results will be achieved. Potential risks and uncertainties include, but
are not limited to, the ability to procure, properly price, retain and
successfully complete projects, and changes in products and competition.
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CONTACT: Investor Relations:
RedChip Companies, Inc.
Jon Cunningham
1-800-REDCHIP (733-2447), Ext. 107
info@redchip.com
www.redchip.com
At the Company:
Hanover Gold Company (Rock Energy Partners)
Rock Emery, President & CEO
713-954-3600
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