VANCOUVER, Oct. 17, 2014 /PRNewswire/ -- El Tigre Silver
Corp. ("El Tigre" or
the"Company") (TSXV: ELS) (Frankfurt: 5RT) (OTCQX: EGRTF) is pleased to
announce the appointments of John H.
Bluher, Patrick L. Avery and
Ron Hodgson to the Company's Board
of Directors ("Board") effective immediately.
"I would like to welcome John, Patrick and Ron to our Board and
look forward to their contributions as we continue to focus on our
exploration and development, and deliver enhanced, sustainable
shareholder value. John, Patrick and Ron bring significant
financial capabilities, risk management and operational expertise
to the Board, and will further enhance El
Tigre's corporate governance. Their extensive operational
expertise and experience as senior executives with multinational
corporations as well as serving as board members for numerous
international organizations will be valuable to our growing and
developing company. The past few years of evaluation of
El Tigre's production project has
culminated in a very positive prefeasibility study that provided a
comprehensive technical and economic analysis of the selected
development option for the reprocessing of the tailings material.
The revenue from production will allow El
Tigre to continue to develop the in-situ resources on the
property with minimized need to go to the equity markets. The
initial resource and the production facility are both outlined in a
NI 43-101 Technical Report Preliminary Feasibility Study for the El
Tigre Silver Project Sonora, Mexico filed on SEDAR August 15, 2013," said Wade Anderson, a member of El Tigre's Board.
Biographies for El Tigre's
three new Directors are as follows:
John H. Bluher Mr.
Bluher has significant experience working with corporate
structuring, corporate boards and committees, risk management, and
public company corporate governance. Since July of 2011 Mr. Bluher
has been an Executive Vice President and Chief Operating
Officer and co-Chairman of the Board of Directors for MusclePharm
Corporation ("OTC:MSLP") a company which has seen significant
growth in the last 4 years. Prior to his role with
MusclePharm Corporation Mr. Bluher was a managing director with a
private equity firm, managing director and general counsel with
Lehman Brothers Inc.'s investment management division and general
counsel and director of risk management at Janus Capital, Inc.
Mr. Bluher holds a Bachelor of Science and a J.D. degree from
the University of Wyoming. He has
served on the boards of ICI Mutual Insurance Company, the NASDAQ
Chairman's Advisory Board, Cherry Hills Founders Group, Inc.,
MusclePharm Corp., Targeted Medical Pharma, Inc. and Chairman of
the Board of Directors for Safe Communications, Inc., and the
University of Wyoming Foundation Board,
and College of Law Advisory Board. Mr. Bluher is a frequent speaker
at financial services industry meetings and conferences.
Mr. Bluher is currently the Chairman of the Board and Chief
Executive Officer of Northsight Capital, Inc. (OTCBB: NCAP). He is
also a partner in Britlind Resources, LLC, a Texas based oil development and operating
company and a partner in World Wide Lottery, Inc. a company
delivering smart phone applications for delivery of content focused
in gaming and lottery management.
Patrick L. Avery –
Patrick has more than 30 years of experience in all phases of
industrial businesses. He is Chief Executive Officer and Chairman
of the Board of Directors of Great West Resources Inc. Mr. Avery
has consulted with LDR Solution LLC, a consulting firm specializing
in mining and manufacturing in natural resources and
agricultural areas, since March 2013.
From February 2011 through
March 2013, Mr. Avery served as the
President, Chief Executive Officer, Treasurer and Secretary of
Prospect Global Resources, Inc. (PGRX), a Nevada corporation listed on The NASDAQ
Capital Market. From August 2010 to
February 2011, Mr. Avery served as
president and chief executive officer of Prospect Global Resources
Inc., a Delaware corporation and
wholly owned subsidiary of Prospect Global Resources, Inc. From
July 2009 to September 2010, Mr. Avery was vice president of
energy and commodities for Broe Company where he managed grain,
fuel and fertilizer businesses. Mr. Avery served as president
of Intrepid Potash from April 2007 to
February 2009 where he led all
aspects of mining, manufacturing, logistics and sales. His key
efforts at Intrepid Potash included re-vamping older facilities and
significant growth in all key operational and sales metrics. From
May 1996 to March 2007, Mr. Avery served in several senior
positions at JR Simplot including, SVP, Mining, Manufacturing and
Sales, and SVP, Retail Operations. During his time at JR Simplot,
Mr. Avery oversaw mining and manufacturing at over 10 complex
facilities, and ran logistics and sales functions in facilities
spanning 13 western states.
Mr. Avery performed undergraduate studies at the University of Colorado and performed graduate work
in engineering from Loyola Marymount
University. He received his MBA from the Graziadio School of
Business at Pepperdine University. Mr.
Avery was selected to serve as a director due to his extensive
mining resource and business experience.
Ron Hodgson – Ron is
a successful businessman in Alberta having opened Ron Hodgson Chevrolet
Buick GMC in 1978. As well as owning a total of three
dealerships, Ron has partnered in various businesses over the past
36 years including a steel company, brewery, radio station, metal
fabricating company, a security company, and three race tracks.
Ron was a part owner and director of the NHL Edmonton Oilers for
ten years.
A big part of Ron's life is dedicated to fundraising in the
community. Ron is the longest serving member of the Royal Alex
Hospital Board and founding chairman of the NAIT Foundation. In
2013 Ron was named Philanthropist of the year for the City of St. Albert.
El Tigre also reports that
concurrent to the three Board of Directors appointments,
Stuart Ross, Ken Booth and Jeffrey
Wilson have resigned from El
Tigre's Board of Directors.
El Tigre thanks them for their
contributions as Board members to the Company and wishes them well
in their future business endeavours.
About El Tigre
The Company, through its subsidiaries, holds the rights to 100% of
nine mineral concessions, eight comprising of 215 square kilometres
located in north-eastern Sonora,
Mexico (the "El Tigre Property"), and approximately 90
kilometres south of the US-Mexico border. El Tigre also holds one additional 32 hectare
claim separate from the El Tigre Property. A NI 43-101 Technical
Report Preliminary Feasibility Study has been prepared for the El
Tigre Silver Project and can be found on the Company's profile on
SEDAR at www.sedar.com and on the Company's website at
www.eltigresilvercorp.com.
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws and
the United States Private Securities Litigation Reform Act of
1995. Forward-looking statements include amount and use of
proceeds from the offering. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements include those
risks set out in the Company's public documents filed on SEDAR at
www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where
required by law, the Company disclaims any intention or obligation
to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. 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 press
release.
SOURCE El Tigre Silver Corp.