Mantaro Precious Metals Corp. Appoints New Chief Executive Officer
Mantaro Precious Metals Corp. Appoints New Chief
Executive Officer
VANCOUVER, BC
,
Dec. 20, 2022
/CNW/ -
MANTARO PRECIOUS METALS CORP.
(TSXV: MNTR) (OTCQB: MSLVF) (FSE:
9TZ) ("Mantaro" or the "Company") is pleased to announce the appointment of Stephen Clayson to the position of Chief
Executive Officer and director of the Company, effective immediately. In addition, Dr.
Chris Wilson
will be stepping down as
Executive Chairman and as a director of the Company. Mantaro would like to thank Dr. Wilson for his services as a director,
which included assembling the Company's current portfolio of high-grade gold and silver assets in
Bolivia
and
Peru
.
Mr. Clayson has more than 15 years of diverse international experience as an executive and consultant and is highly familiar with
equity markets and the management of public companies. He has an in-depth understanding of mineral exploration and
development activities, having been involved with numerous such projects, including in
Latin America
, in a board or management
capacity.
Mr. Clayson holds qualifications in corporate finance, insurance, investment management and securities. His previous work has
included several years as CEO of a London AIM-quoted mineral exploration company, and extensive consultancy work for two
London AIM-quoted companies which brought gold mines into production.
Stephen Clayson
, Chief Executive Officer of Mantaro states, "I am excited to be joining Mantaro as we approach what looks to
be a cyclical turning point for markets in junior gold and silver shares, and I am ready to lead the Company into a pivotal
phase in its evolution, as we aim to build on the promising results of the 2022 drilling campaign at the Golden Hill gold
property in
Bolivia
, and prepare to drill high-grade targets at the Santas Glorias silver property in
Peru
. I look forward to
engaging with Mantaro investors both old and new, and to working with the board to optimize the Company's strategy across
all business areas going forward."
In connection with Mr. Clayson's appointment as Chief Executive Officer and director, Mantaro has granted Mr. Clayson options
to purchase 750,000 shares at
$0.05
per share for a period of five years from the date of grant, subject to certain vesting
provisions set by the board of directors.
About Mantaro Precious Metals Corp.
Mantaro Precious Metals Corp. is a
British Columbia
company that holds a diversified portfolio of gold and silver focused mineral
properties in
Bolivia
and
Peru
. The Company holds an option to acquire up to an 80% interest in the advanced Golden Hill
orogenic gold property ("
Golden Hill
"), located in the underexplored Precambrian Shield,
Bolivia
.
The Company also has a 100% interest in the high-grade Santas Gloria silver property as well as a 100% interest in each of the
La Purisima,
Cerro Luque
and Huaranay properties (collectively, the "
Silver Properties
"). The Silver Properties are located in
Peru
.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of
this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not
guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that
actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such
factors include, among other things: risks and uncertainties relating to Company's limited operating history and the need to
comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information.
Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise
forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE
Mantaro Precious Metals Corp.
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For further information:
Stephen Clayson, Phone: +44 (0)7771 871 847, E-mail: [email protected]
CO: Mantaro Precious Metals Corp.
CNW 16:30e 20-DEC-22