VANCOUVER, July 13, 2016 /CNW/ - Gold Mountain Mining
Corporation (TSX-V:GUM) (the "Company" or "Gold Mountain")
announces the appointment of Mr. Mathew
Hornor as a Director of the Company.
Mr. Hornor has spent more than 16 years in senior executive
positions with development and operating mines. Since August 2009 until May 31,
2016, Mr. Hornor served as an Executive Vice President at
Ivanhoe Mines Ltd and served as its Executive Vice President of
Business Development and Legal since May
2010. He has provided advisory services to Ivanhoe Mines since August 2005. Mathew has participated in the
structuring and execution of complex financial transactions and
capital raising activities plus has extensive merger and
acquisitions experience in a wide variety of geo-political
environments.
Before directly entering the mining business, Mr. Hornor worked
as a Senior Associate with the international law firm, Paul,
Hastings, Janofsky & Walker, LLP in Tokyo, Japan, representing Japanese clients in
various out-bound cross border transactions and top-tier U.S.
investment banks primarily in Japan and South East
Asia in various corporate finance projects and merger and
acquisition transactions totalling several billion dollars in the
aggregate.
Mr. Hornor is a graduate of the University
of Virginia School of Law (Juris Doctorate- 1999). Mr.
Hornor received two Japanese Ministry of Education (Mombusho)
fellowships for graduate and post-graduate studies at Tohoku
University in Sendai and at Tokyo
University in Law and Economics respectively.
"We are extremely pleased to have a person of Mathew's stature
join our Gold Mountain team. Mathew has extensive experience in
business, management and financings that will expedite the
development plans for the existing Elk property and M&A
opportunities. In addition, Mathew's background and
experience will add significant value to focus our efforts to
pursue near term precious metal production assets as we move
towards becoming a mid-tier gold producer".
The Company also announces that Michael Varabioff, Duane
Poliquin, Leo King, and Morgan
Poliquin have resigned as directors of the Company. The
Board and the Company would like to thank Mr. Varabioff, Mr.
D. Poliquin, Mr. King, and Mr. M.
Poliquin for their contributions and faithful service to
Gold Mountain Mining Corporation over the years.
With the addition of the new director and the resignations of
four directors, the Company now has a total of four directors
remaining on the board. The Company has granted 250,000 share
purchase options to the remaining directors that are exercisable at
a price of $0.22 per share purchase
option for a period of five years.
About Gold Mountain Mining
Gold Mountain is a public resource company managed by an
experienced team of professionals with a solid track record of
exploration, development and operational success. The Company owns
100% of the 16,700 hectare Elk Gold property, which it intends to
develop into a precious metal producer, and is also seeking
additional near term production assets to further build shareholder
value. Additional information is available at www.sedar.com or on
the Company's website at www.aumtn.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
ON BEHALF OF THE BOARD
"Chris McLeod"
Chris McLeod, P Eng., Chief
executive Officer
Forward-Looking Statements: This news release contains
forward-looking statements that are based on the Company's current
expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the closing of further
tranches of the Offering, the use of proceeds from the Offering and
the Company's plans with respect to the exploration and development
of its projects. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
SOURCE Gold Mountain Mining Corporation