Batero Gold Announces Appointments to Advisory Board and Director Resignation
June 28 2012 - 5:05PM
Marketwired Canada
Batero Gold Corp. (TSX VENTURE:BAT)(FRANKFURT:68B) ("the Company") is pleased to
announce the appointment of Mr. Juan David Uribe and Mr. James Hutton to the
Advisory Board of the Company, and the resignation of Mr. Hutton from the Board
of Directors.
Mr. Uribe, born and residing in Colombia, is an accomplished lawyer with over 30
years of experience in the natural resource and finance sectors of Colombia. Mr.
Hutton's business experience is specialized in financings in the Canadian mining
and energy sectors. He joins the Advisory Board after resigning from the Board
of Directors of the Company to pursue other opportunities.
"I would like to welcome both Mr. Uribe and Mr. Hutton to our Advisory Board.
Mr. Uribe, an original shareholder and strong long-term supporter of the
Company, will take on a more active role and provide to the Company extensive
Colombian legal and business acumen," stated Brandon Rook, President and CEO of
the Company. "I would also like to take this opportunity to thank Mr. Hutton for
his significant contributions to the Company as a member of the Board of
Directors over the last two years and look forward to continue working with him
on the Advisory Board."
The Advisory Board of the Company has been created to provide additional
strategic advice to management as the Company focuses on developing the most
efficient and cost-effective leach processing circuit for the Cumbre gold
deposit (one of three deposits) at its 100% owned Batero-Quinchia gold project
in Colombia.
Mr. Juan David Uribe is a Colombian attorney and partner of a law firm that is
specialized in the mining sector. He negotiates contracts and commercial
transactions to support client's operations in Colombia, acts as legal counsel
in mining law matters and contracts, and supports all foreign investment issues
for clients. He has strong experience in international transactions, corporate
law, banking law, merger and acquisition contracts and mining law.
ON BEHALF OF THE BOARD OF BATERO GOLD CORP.
Brandon Rook, President & CEO
Batero Gold Corp.
FORWARD-LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward-looking statements" or "forward-looking
information". Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or
information.
Forward-looking statements or information relate to, among other things:
developing the most efficient and cost-effective leach processing circuit for
the Cumbre gold deposit, the timing and scope of expected diamond drilling;
resource estimate, grades on the Batero-Quinchia project; scope of
mineralization within the Batero-Quinchia project; timing of receipt of permits
and regulatory approvals; the sufficiency of the Company's capital to finance
the Company's operations; geological interpretations and potential mineral
recovery processes.
Forward-looking statements or information are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those reflected in the forward-looking statements or
information, including, without limitation, risks relating to: fluctuations in
the spot and forward price of gold or certain other commodities; changes in
national and local government legislation, taxation, controls, regulations and
political or economic developments in Canada, Colombia or other countries in
which the Company may carry on business in the future; the uncertainties
involved in interpreting geological data; business opportunities that may be
presented to, or pursued by, the Company; operating or technical difficulties in
connection with mining activities; the speculative nature of gold exploration
and development, including the risks of obtaining necessary licenses and
permits; diminishing quantities or grades of reserves; and contests over title
to properties, particularly title to undeveloped properties. In addition, there
are risks and hazards associated with the business of gold exploration,
development and mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion
losses (and the risk of inadequate insurance, or the inability to obtain
insurance, to cover these risks).
This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Forward-looking statements or
information are statements about the future and are inherently uncertain, and
actual achievements of the Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other factors,
including, without limitation, those referred to in the Company's Filing
Statement dated as of June 22, 2010 under the heading "Risk Factors". Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers
should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of
this press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and information.
Batero Gold (TSXV:BAT)
Historical Stock Chart
From Oct 2024 to Nov 2024
Batero Gold (TSXV:BAT)
Historical Stock Chart
From Nov 2023 to Nov 2024