June 6, 2017 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”) is pleased to announce the appointment of Mr. Mathew Wilson as President and Chief Executive Officer of the Company, and the appointment of Mr. Paul Serjeant, VP Exploration, effective immediately. Mr. Wilson will replace Mr. Basil Botha, who is remaining as Chairman of the Board.
Mr. Wilson has spent the last eight years as an active investor and executive consultant. Mathew was previously a Principal at Pinetree Capital, a diversified investment fund focused primarily on the small cap mining sector. Mathew has previously acted as the Chief Financial Officer for several private venture capital companies and as a director for public TSX Venture listed companies. Mr. Wilson holds a Masters in Finance from Queens University and is a CFA Charterholder.
Mr. Sarjeant accepts his appointment after having consulted with the Company on its flagship project for several years. Mr. Sarjeant is a professional geologist with a career in mineral exploration that spans 25 years. Mr. Sarjeant has extensive experience having served as President and CEO for several small cap exploration and development companies and is currently a director and consultant to a number of private and public mining companies. He is also the President, CEO and founder of Doublewood Consulting Inc. that provides technical and management services to the mineral exploration industry. Mr. Sarjeant holds a BSc (honors) in geological sciences from Queen’s University in Kingston, Ontario and is a member of the Association of Professional Geoscientists of Ontario.
Mr. Botha, Chairman of the Board, stated, “We welcome both Mr. Wilson and Mr. Sargeant in their new executive roles after their assistance over the past several months and years, respectively, with the Company. With a healthy balance sheet, some exciting drill results and anticipated production, Latin American Minerals is poised to mature as a gold company, under this new executive team. I look forward to working with them moving forward.”
The Company also announces that it has granted incentive stock options to Messrs. Wilson and Sarjeant to purchase up to a total of 1,150,000 common shares at an exercise price of $0.15 per share, vesting over twelve months in accordance with the Company’s stock option plan, and subject to a term of five years.
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 expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.
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:
Latin American Minerals
Vancouver: (1-604) 418-3856
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
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.