Cordoba Minerals Announces Corporate Reorganization
Cordoba Minerals Announces Corporate Reorganization
TORONTO, ONTARIO, April 1, 2019: Cordoba Minerals Corp. (TSX-V:CDB; OTCQX:CDBMF)
(“Cordoba” or the “Company”) announces a corporate reorganization whereby certain
management personnel from Cordoba’s majority shareholder High Power Exploration Inc.
(“HPX”) will assume key management roles with the Company.
Under the reorganization that takes effect today, Eric Finlayson, President of HPX, will become
the President and Chief Executive Officer of Cordoba, and Greg Shenton, Chief Financial Officer
(CFO) of Kaizen Discovery Inc., a company that is majority controlled by HPX, will assume the
role of Chief Financial Officer.
Mr. Finlayson and Mr. Shenton are replacing Mario Stifano and Cybill Tsung, respectively, both
of whom have stepped down from their roles with the Company. Mr. Stifano will be retained as a
special advisor to the incoming management team and will provide strategic guidance going
forward. Ms. Tsung will provide consulting services to ensure a smooth transition of financial
activities.
Mr. Finlayson, a geologist, has been President of HPX since 2015, after serving as Senior Adviser,
Business Development to HPX since 2013. Prior to joining HPX, he spent 24 years with Rio Tinto,
including five years as Global Head of Exploration. Mr. Shenton, CPA, CGA, has nearly 30 years
of mining industry experience and has been Kaizen’s CFO since April 2018. He also was the CFO
of Peregrine Diamonds until Peregrine was acquired by De Beers Canada in September 2018.
“I would like to thank Mario and Cybill for their leadership and dedicated service to the Company,”
stated Eric Finlayson. “Under their guidance, Cordoba has experienced exploration success in
Colombia and has acquired the Perseverance joint-venture porphyry copper exploration project
in Arizona. I am grateful to have their ongoing support and guidance, and am looking forward to
leading Cordoba through the next phase of exploration and development.”
In addition, Charles Forster has been appointed Cordoba’s Vice President of Exploration. Mr.
Forster is a Professional Geoscientist with more than 45 years of diversified mineral exploration
experience. He is Vice President of Exploration at HPX and was the Senior Vice President of
Exploration at Oyu Tolgoi in Mongolia for Ivanhoe Mines (now Turquoise Hill Resources), leading
a team of multi-national and Mongolian geologists in the discovery and delineation of the world-
class Oyu Tolgoi porphyry copper-gold deposits.
Mr. Forster commented, “I am excited to be taking a more active role in Cordoba to advance our
exploration efforts at Perseverance, where recent drilling indicates proximity to a porphyry copper
system. The large, deep magneto-telluric resistivity low at Perseverance appears similar to the
resistivity anomalies observed at other major porphyry copper deposits. At our San Matias
copper-gold project in Colombia, we have compelling evidence for both northern and southern
strike extensions of Alacran-style copper-gold mineralization and clear evidence from Alacran of
an underlying porphyry target.”
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In conjunction with the management changes, Cordoba will consolidate its head office and
administrative activities to HPX’s office in Vancouver.
Cordoba also announces that Ignacio Rosado has stepped down as a director of the Company
so that he may focus his efforts on his other professional duties. The Company thanks Mr. Rosado
for his valuable contributions.
About Cordoba Minerals
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration and
acquisition of copper and gold projects. Cordoba is currently exploring its 100%-owned San
Matias Copper-Gold Project, which includes the advanced-stage Alacran Deposit, located in the
Department of Cordoba, Colombia. Cordoba has also entered into a Joint Venture and Earn-In
Agreement to explore the Perseverance porphyry copper project in Arizona, USA. For further
information, please visit www.cordobaminerals.com.
Information Contact
Evan Young +1-416-862-5253
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statements
This news release includes “forward-looking statements” and “forward-looking information” within the
meaning of Canadian securities legislation. All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, that Cordoba will
consolidate its head office activities into HPX’s Vancouver office; and ongoing exploration will lead to
potential discovery. Forward-looking statements include predictions, projections and forecasts and are
often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate",
"expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives
thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered
reasonable by management based on the business and markets in which Cordoba operates, are inherently
subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There
can be no assurance that such statements will prove to be accurate and actual results, and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include actual exploration results, interpretation
of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be
refined, future metal prices, availability of capital and financing on acceptable terms, general economic,
market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required
approvals, and other exploration or other risks detailed herein and from time to time in the filings made by
the Company with securities regulators, including those described under the heading “Risks and
Uncertainties” in the Company’s most recently filed MD&A. The Company does not undertake to update or
revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned
not to put undue reliance on these forward-looking statements.