Andean Precious Metals Announces Appointment of New Independent Directors
Andean Precious Metals Announces
Appointment of New Independent Directors
Toronto, Ontario--(Newsfile Corp. - March 16, 2022) - Andean Precious Metals Corp. (TSXV: APM)
(OTCQB: ANPMF) ("Andean" or the "Company"), a leading Latin American precious metals producer,
announced today that Mr. Ramiro Villarreal Morales and Mr. Felipe Canales Tijerina are appointed to the
Board of Directors effectively immediately. To accommodate these appointments, Mr. Fraser Buchan
resigned from the Board but will continue to advise Andean in respect of corporate development and
investor relations activities.
Mr. Ramiro Villarreal Morales has more than 50 years of professional experience in the legal and
financial fields. He acted for 30 years as General Legal Counsel and Executive Vice President of Legal
in CEMEX, one of the world's largest publicly traded cement companies, where he was responsible for
all legal matters of the CEMEX group of companies on a worldwide basis and led many multi-
jurisdictional mergers and acquisitions around the world, as well as corporate financings and debt
restructurings. He was the Secretary of CEMEX Board of Directors until February 2017 and is currently a
member of the board of directors of CEMEX, and a member of the board of directors of other publicly
and privately held companies. He graduated with a degree in Law from the Universidad Autonoma de
Nuevo Leon and received a Master of Science degree in Finance from the University of Wisconsin-
Madison.
Mr. Felipe Canales Tijerina has 40 years of experience in the corporate finance and strategy areas, with
over 25 years in top executive positions at major public companies. He has personally led and
successfully executed large and complex corporate finance transactions, multi-jurisdictional debt
restructurings, mergers and acquisitions, joint-ventures, and capital raisings. He is currently Co-CEO at
Rose Hill, a Nasdaq SPAC focused on Latin America, among other international advising positions. Mr.
Canales was CFO of Axtel from 2009 to 2017. Prior to Axtel he was CFO of Sigma Alimentos, the food
division of Alfa, a global conglomerate with operations in Canada, the United States, Latin America,
Europe and Asia, where he held other positions during his 30-year career at Alfa. Mr. Canales has an
MBA degree from the Wharton School at the University of Pennsylvania and a B.Sc. in Industrial
Engineering from Instituto Tecnológico de Monterrey.
"We thank Fraser for his participation in the Board during our first year as a public company and look
forward to his continued support as an advisor. We are also pleased to welcome Ramiro and Felipe to
our Board. Their collective skills further strengthen the Board, and we look forward to working with them
as we continue to steer Andean to becoming a mid-tier silver producer in the capital markets,"
expressed Alberto Morales, Executive Chairman of Andean.
About Andean Precious Metals Corp.
Andean Precious Metals is a Canadian, growth-focused silver producer that owns and operates the San
Bartolomé project located in the department of Potosí, Bolivia. San Bartolomé has been operating
consistently since 2008, producing an average of over five million ounces of silver per year. The
Company is also exploring its wholly-owned San Pablo and Rio Blanco gold projects and seeking other
accretive opportunities in Bolivia and Latin America. Andean Precious Metals is committed to fostering
safe, sustainable and responsible operations. For more information, please visit
www.andeanpm.com
.
Company Contact
Fraser Buchan
Corporate Development
T: +1 647 480 1550
North America
Trevor Heisler
NATIONAL Capital Markets
Europe
Oliver Lamb
Tavistock
T: +44 20 7920 3150
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/116885