Orovero Appoints Hutchins to Advisory Board and Grants Options
March 03 2014 - 4:00PM
Business Wire
Orovero Resources Corp. (TSX-V: OVR, Frankfurt: GA0,
“Orovero” or the “Company”) is pleased to announce that Mr.
David Hutchins has joined the Advisory Board of the Company.
The advisory board will be reduced to only Mr. Hutchins and Mr.
Carlos Mirabal. Mr. Art Freeze, Carlos Fernandez and Mr. Sivertz
have all resigned their Advisory Board positions and the Company
would like to thank them for their contributions. Mr. Sivertz will
maintain a role with the company as a consultant and Mr. Carlos
Fernandez will remain as an independent director on the Board of
Directors.
Mr. Len Clough, CEO of Orovero, commented, “David Hutchins’
appointment to our Advisory Board is evidence of our commitment to
the European and London finance markets. David is passionate about
the toll milling business and I look forward to working with him to
expand our financial network.”
Mr. Hutchins also commented, “Orovero is methodically developing
a plan with mass roll-out in mind, which has great appeal to me. I
also know Company director Andrew Neale and believe the team being
assembled is first class. I look forward to working with Len and
his team in the future."
David Hutchins
Mr. Hutchins has 30 years’ experience as a resources analyst and
fund manager. His career began with the Melbourne Stock Exchange in
1979 and he subsequently became an executive director of M&G
Investment Management in London. He headed the International Desk
at M&G Investment Management from 1995, where he was
concurrently responsible for M&G’s investments in the precious
metals and commodities sector globally. He left M&G Investment
Management in December 1996 and was involved in fund management at
Yorkton Securities and acted as a consultant at AWI Administration
Services in Australia. He was a founding director of Resources
Investment Trust plc at its launch in January 2002 and chief
executive of Ocean Resources Capital Holdings plc which was
admitted to the AIM Market of the London Stock Exchange from 2003
to 2007. He was a founding partner in www.minesite.com, a resource
industry specific new related website and conference business and
is a member of the FTSE Gold Mines Index Committee.
Stock Option Grant
The Directors have today granted incentive stock options to
directors, officers, and consultants on 1,930,000 common shares,
exercisable for up to five years at a price of $0.10 per share,
which is a premium to the last closing price of the Company’s
shares prior to the date of grant.
About Orovero Resources Corp.
Orovero is preparing a comprehensive study to develop its
first gold ore processing operation in Peru. The Company will look
to purchase high-grade ore from small and artisanal miners who are
legally compliant, and then process it for sale. The Company’s
initial focus is Peru but looks to expand with additional
facilities throughout Latin America in the future. In addition, the
Company has a portfolio of highly prospective exploration
properties including its flagship property called Rio Tabaconas
located in Northern Peru.
ON BEHALF OF THE BOARD
“Len Clough”
_______________________________________Mr. Len Clough, Chairman,
President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate CommunicationsTel:
1-604-687-1828Email:
info@oroveroresources.comwww.oroveroresources.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 release.
This news release contains certain statements that may be deemed
“forward-looking” statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur and include, without limitation,
statements regarding the Company’s plans with respect to statements
about the Company’s ability to fund and execute the proven ore
processing business model outlined in this news release. Although
Orovero believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Forward
looking statements are based on the beliefs, estimates and opinions
of the Company’s management on the date the statements are made.
Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors,
should change.
Orovero Resources Corp.Mr. Shawn Perger,
1-604-687-1828Corporate
Communicationsinfo@oroveroresources.comwww.oroveroresources.com
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