(TheNewswire)
Toronto, Ontario / TheNewswire / September 11, 2017 - Latin American Minerals Inc. (TSXV: LAT) (the "Company") is pleased to announce the appointment of Mr. Bira De Oliveira as Chief Operating Officer, and the appointment of Mr. Dennis Logan as Chief Financial Officer.
Mr. De Oliveira, P.Eng., MBA, PMP, PhD, Mr De Oliveira has more then 35 years operational experience in Latin America and West Africa in base metals and gold mines. Mr. de Oliveira most recently served as a Senior Vice President of Operations at Jaguar Mines. Prior to this he served as CEO for Lachlan Star as well as COO for CuCo Resources. Mr. De Oliveira's mine operations pedigree also includes: General Manager of First Quantum Minerals Ltd, Frontier Operations in the DRC; General Manager of First Quantum Minerals Ltd, Guelb Moghrein Operations in Mauritania; and Operations Manager at AngloGold Ashanti's Sadiola Hill Gold Mine in Mali.
Mr. Logan is a Chartered Professional Accountant (CPA, CA) and received both his BA and his
MBA from the University of Toronto and received his Chartered Accountant designation in
1996. Mr. Logan is a former Director and Chief Financing Officer for Almonty Industries Inc. Prior to joining Almonty in 2011, Mr. Logan spent 15 years in Canadian Capital Markets Industry where he held a number of senior management positions including Managing Director, Investment Banking at Desjardins Securities Inc. from 2007 to 2011 and Director, Investment Banking at Westwind Partners Inc. and Partner at Loewen Ondaatje McCutcheon Limited and Executive Director, Investment Banking at CIBC World Markets. Mr. Logan is a Director and Chair of the Audit Committee of Eurocontrol Technics Group Inc., a Director and Chair of the Audit committee of Magna Terra Minerals Inc. and former Director of Pinetree Capital Ltd.
Mathew Wilson, President and CEO stated: "We are extremely excited to add executives with such impressive pedigrees as Mr. De Oliveira and Mr. Logan. Production has been challenging but given his experience in operating gold mines, we feel confident that Mr. De Oliveira is the right person to overcome these obstacles. This is a very exciting time for the company as we work to add shareholder value on multiple fronts. I also want to thank Mr. Cameron Tymstra and Mr. Grant Smith for their hard work over the last year and wish them the best moving forward.
The Company also announces that it has granted incentive stock options to directors and management to purchase a total of 845,000 common shares at an exercise price of $0.15 per share, vesting over twelve months subject to shareholder and regulatory approval.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold projects in Paraguay. The Company is currently completing the reconfiguration of its Independencia Mine gold processing plant.
Management has identified exploration targets at Independencia Mine, and six new gold zones on the Company's adjacent exploration claims, for drill testing. This property package comprises the Company's 15,020 hectare Paso Yobai gold project.
For more information, please contact:
Mathew Wilson, President and CEO
Toronto:416-643-7630 ext 5998
E-mail: information@latinamericanminerals.com
Website: www.latinamericanminerals.com
The Company's public documents may be accessed at www.sedar.com.
For further information, please visit our website at www.latinamericanminerals.com or email us at
information@latinamericanminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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