Montero Appoints Timothy Livesey to its Board of Directors
September 05 2024 - 10:27AM
Montero Mining and Exploration Ltd. (TSX-V: MON) is pleased to
announce the appointment of Timothy (Tim) Livesey as a
Non-Executive Director to Montero’s Board of Directors, effective
as of September 5, 2024. Tim Livesey is a seasoned geologist and
mining professional with over 30 years of experience in gold and
base metal exploration, working on a number of exploration and
advanced stage projects through feasibility to development. He also
brings expertise in international investment disputes and
arbitration.
Tim’s career spans 14 years at Barrick Gold,
where he held various global roles. He was instrumental in the
development of the Tethyan Copper Company Joint Venture at Reko Diq
copper-gold project in Pakistan, a project that later became
involved in an ICSID arbitration process. Tim was involved with the
development of the Nkomati Nickel Mine (South Africa) and the
Kabanga Nickel Project (Tanzania).
Over his 30-year career, Tim has held multiple
executive and board level roles across junior, mid-tier and senior
companies listed in London and Canada.
Dr. Tony Harwood, President and CEO of Montero,
stated: "We are thrilled to welcome Tim Livesey to Montero’s Board
of Directors. His extensive international exploration experience,
coupled with his involvement in a major ICSID arbitration process,
will be invaluable to our team."
The addition of Tim Livesey to the Board of
Directors increases the number of the Company's directors to 5.
Subject to regulatory approval, Montero has granted Mr. Livesey
400,000 Stock Options under the Corporation's Incentive Stock
Option Plan. The Options have an exercise price of $0.34 and have a
five-year term.
About MonteroMontero is
currently in arbitration proceedings before the International
Centre for Settlement of Investment Disputes (ICSID) seeking in
excess of CDN$90 million in damages from the United Republic of
Tanzania over the expropriation of the Wigu Hill rare earth element
project. Montero is also seeking a joint venture partner to advance
its Avispa copper-molybdenum project in Chile. Montero trades on
the TSX Venture Exchange under the symbol MON and has 50,122,975
shares outstanding.
For more information,
contact:Montero Mining and Exploration
Ltd. Dr. Tony Harwood, President and
Chief Executive OfficerE-mail: ir@monteromining.comTel: +1 604 428
7050www.monteromining.com
Neither 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 release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain "forward-looking
information" within the meaning of applicable Canadian securities
laws. Forward looking information includes, but is not limited to,
statements, projections and estimates with respect to the Options.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might”
or “will be taken”, “occur” or “be achieved”. Such information is
based on information currently available to Montero and Montero
provides no assurance that actual results will meet management's
expectations. Forward-looking information by its very nature
involves inherent risks and uncertainties that may cause the actual
results, level of activity, performance, or achievements of Montero
to be materially different from those expressed or implied by such
forward-looking information. Actual results relating to, among
other things, completion of the agreement, results of exploration,
project development, reclamation and capital costs of Montero’s
mineral properties, and financial condition and prospects, could
differ materially from those currently anticipated in such
statements for many reasons such as: an inability to complete the
agreement on the terms as announced or at all; changes in general
economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational
difficulties encountered in connection with Montero’s activities;
and other matters discussed in this news release and in filings
made with securities regulators. This list is not exhaustive of the
factors that may affect any of Montero’s forward-looking
statements. These and other factors should be considered carefully
and accordingly, readers should not place undue reliance on
forward-looking information. Montero does not undertake to update
any forward-looking information, except in accordance with
applicable securities laws.
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