Sierra Madre Announces Vertical Amalgamation With Its Wholly Owned Subsidiary
Sierra Madre Announces Vertical Amalgamation With Its Wholly
Owned Subsidiary
VANCOUVER, BC / ACCESSWIRE / January 11, 2022 / Sierra Madre Gold and Silver Ltd.
("Sierra Madre" or the "Company") is pleased to announce that it has completed a vertical
amalgamation with its wholly-owned subsidiary, Sierra Madre Holdings Ltd., effective January
1, 2022. The amalgamation will streamline the Company's mining exploration activities under a
single corporate entity and will reduce corporate and operational expenses.
About the Company
Sierra Madre Gold and Silver Ltd. is a mineral exploration company, currently focused on the
acquisition, exploration and development of the Tepic Property in Nayarit, Mexico. The
Company has an experienced management team with a proven track record of wealth creation in
Mexico through project discovery, advancement and monetization. Sierra Madre's key objective
is to advance exploration on the Tepic Property to determine whether it contains commercially
exploitable deposits of precious or base metals.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
Contact:
Cautionary Note
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 news release.
This press release contains forward-looking information" and "forward-looking statements"
within the meaning of applicable securities legislation. The forward-looking statements herein
are made as of the date of this press release only, and the Company does not assume any
obligation to update or revise them to reflect new information, estimates or opinions, future
events or results or otherwise, except as required by applicable law. Often, but not always,
forward-looking statements can be identified by the use of words such as "plans", "expects", "is
expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends",
"targets", "aims", "anticipates" or "believes" or variations (including negative variations) of
such words and phrases or may be identified by statements to the effect that certain actions
"may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-
looking information in this press release includes, but is not limited to, statements with respect to
the effects of the amalgamation on the Company's operations. Forward-looking statements and
information are subject to various known and unknown risks and uncertainties, many of which
are beyond the ability of the Company to control or predict, that may cause the Company's
actual results, performance or achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about such risks, uncertainties and
other factors set out herein, including, but not limited to, the risk that the amalgamation may not
yield the results expected and the general risk factors related to exploration and development as
are set out under the heading "Risk Factors" in the Company's final long form non-offering
prospectus dated March 31, 2021 available for review on the Company's profile at
www.sedar.com. Such forward-looking information represents management's best judgment
based on information currently available. No forward-looking statement can be guaranteed and
actual future results may vary materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
SOURCE: Sierra Madre Gold and Silver