IKN

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Greg Johnson has left the building

And so we bid a fond farewell to Greg Johnson, now ex-Pres/CEO of South American Silver (SAC.to), who has just been told that he has decided to resign by Ralph Fitch and Roman Mironchik (chik-chik-chik-chikkin, lay a lil egg for me). NR please!

VANCOUVER, BRITISH COLUMBIA–(Marketwire -08/13/12)- South American Silver Corp. (SAC.TO)(SOHAF) (the “Company”) announces that Gregory Johnson has stepped down from his role as President and Chief Executive Officer and as a director of the Company effective August 13, 2012 in order to pursue other interests. The Company thanks him for his contributions and tenure as President and CEO and wishes him well.

It seems that the non-stop sophistry from Johnson on how badly the Mallku Khota project was…make that wasn’t…progressing has now turned round and bit him in the nether regions but hey, he managed to get that $341k cash salary on his side in 2011 before anyone noticed. However, fear ye not if you’re fretting about Greg’s chances of being able to pay for his next square meal kind reader, because he now gets the chance to dispose of his 1,826,500 shares in SAC.to without anybody noticing. That’s lucky, isn’t it?

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