Marimaca Announces CFO Transition and Appointment of Managing Director, Chile
May 08 2023 - 6:15AM
Marimaca Copper Corp. (“Marimaca Copper” or the
“Company”) (TSX: MARI) announces
changes to its executive management team with Petra Decher stepping
down from her role as the Company’s Chief Financial Officer, and
the appointment of José Antonio Merino as Managing Director, Chile
and Interim CFO.
Ms. Decher has served as CFO since April 26,
2021, and prior to that as a member of the Board of Directors of
Marimaca. Ms. Decher has provided integral leadership during the
Company’s progress toward the development of the Marimaca Copper
Project (the “Project”) and the Company would like to thank her for
her contributions.
Mr. Merino, who will be based in Chile, brings
over 15 years of international and in-country experience to the
Marimaca team. Prior to joining Marimaca, Mr. Merino served as
General Manager of Business Development and M&A at SQM, the
Chilean-based major mining and chemicals company and one of the
world’s largest Lithium producers. As Managing Director, Chile, Mr.
Merino will oversee all in-country commercial, finance,
administrative and site-based workstreams during the Company’s path
to development of the Marimaca Project. Mr. Merino will serve as
Interim CFO during the Company’s search for a full-time appointee.
Mr. Merino is a Civil Engineer by training and has served in
various senior roles in the natural resource industry across
Project Development, M&A, Corporate Finance and Advisory.
Michael Haworth, Chairman of Marimaca
Copper, commented:
“We would like to thank Petra for her valuable
contributions as a member of Marimaca’s executive team over the
last 2 years and, prior to that, as a member of the Board. She has
been a core member of the team as the Company has commenced its
transition from explorer to developer, and leaves behind an
excellent foundation for Marimaca’s next phase of development.
“We are very pleased to welcome José Antonio to
the Team. His experience and commercial acumen will be
exceptionally valuable during this next, critical phase of
Marimaca’s journey to becoming a high-quality copper producer. The
Company is rapidly de-risking the Marimaca Project and José
Antonio’s leadership will be instrumental in the delivery of our
next key milestones including permitting submissions, the planned
Definitive Feasibility Study and strategic financing
discussions.”
Contact InformationFor further
information please visit www.marimaca.com or contact:
Tavistock +44 (0) 207 920
3150Emily Moss / Adam Baynesmarimaca@tavistock.co.uk
Forward Looking Statements
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. 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.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by Marimaca Copper, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: risks related to share price
and market conditions, the inherent risks involved in the mining,
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, the availability of and costs of financing
needed in the future as well as those factors disclosed in the
annual information form of the Company dated March 27, 2023, the
final short form base prospectus and other filings made by the
Company with the Canadian securities regulatory authorities (which
may be viewed at www.sedar.com). Accordingly, readers should
not place undue reliance on forward-looking statements. Marimaca
Copper undertakes no obligation to update publicly or otherwise
revise any forward-looking statements contained herein whether as a
result of new information or future events or otherwise, except as
may be required by law.
Neither the Toronto Stock Exchange nor the
Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this
release.
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