TORONTO, Nov. 26, 2018 /CNW/ - Aethon Minerals Corp.
(TSX-V: AET) ("Aethon" or the "Company") announces that the
board of directors (the "Board") has accepted the resignation of
Robert Davies as President and Chief
Executive Officer as well as a director of Aethon. Effective
immediately, the Board has appointed John
Miniotis, Vice President, Corporate Development as the
Company's Interim Chief Executive Officer.
John Miniotis has over 14 years'
experience in the mining sector, focused primarily on corporate
development, equity capital markets, investor relations and
corporate finance roles. Prior to joining Aethon he was Vice
President Corporate Development at AuRico Metals until its
acquisition by Centerra Gold in January
2018. From 2010 to 2016, John was an integral member of
Lundin Mining Corporation's corporate development and investor
relations team, including the acquisition of Freeport-McMoRan
Inc.'s 80% ownership interest in the Candelaria mining complex in
Chile.
Jens Mayer, Chairman of the Board
said, "Aethon would like to thank Robert and we wish him well in
his next endeavours. Furthermore, the Board and I look forward to
working with John as he assumes this new role, and appreciate the
contribution from him and other management while we engage in a
recruitment process."
The Company also announces that it has modified the terms of the
second option payment at the Llanos De Llahuin project from
US$100,000 to US$50,000 and extended the payment date from
November 15, 2018 to January 15, 2019. Aethon continues to
maintain a very strong financial position, with a cash balance of
approximately $5.2 million as of last
quarter end.
About Aethon Minerals
Aethon Minerals is a mineral
exploration company focused on creating value in the base metal
space with an emphasis on copper mineral assets in Chile. The Company has consolidated a very
large prospective land position consisting of over 130,000 hectares
along prolific mining belts located in the Maricunga and
Antofagasta regions of northern
Chile. Aethon believes it is
uniquely positioned for growth and is actively pursuing selective
copper-focused growth opportunities. Aethon is based in
Toronto, Canada, and is listed on
the TSX-V under the stock symbol "AET".
Cautionary Statements
This news release may contain forward-looking information, such
as statements regarding future plans and objectives of the Company
and is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking
information. Statements or information in this news release
which are not purely historical are forward-looking, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Forward-looking information is based on the
opinions and estimates of management at the date the information is
given, and is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information.
The forward-looking information contained herein is given as of the
date hereof and the Company assumes no responsibility to update or
revise such information to reflect new events or circumstances,
except as required by law. Additional information identifying risks
and uncertainties is contained in the Company's filings with the
Canadian securities regulators which filings are available at
www.sedar.com.
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.
SOURCE Aethon Minerals