VANCOUVER, Aug. 31, 2016 /CNW/ - INCA ONE GOLD
CORP. (TSX.V: IO) ("Inca One" or
the "Company") is pleased to announce the
appointment of Mr. Bruce Bragagnolo,
LLB as the Chairman of its Board of Directors effective
immediately.
Mr. Bragagnolo is the co-founder and former Chief Executive
Officer of Timmins Gold Corp. an emerging intermediate,
Mexican-focused gold producer. Mr. Bragagnolo is also the
co-founder and the former CEO of Silvermex Resources Ltd., a silver
explorer which was acquired by First Majestic Silver in 2011 for a
market capitalization of $120
million.
While at Timmins Gold Mr. Bragagnolo oversaw the administration,
business development strategy and the financing of the Company
through its IPO, acquisition and construction of the San Francisco
Mine, its listing on the TSX and NYSE-MKT, and the acquisition of
the Caballo Blanco Project, the Ana Paula Project and the El Sauzal
Mill. Mr. Bragagnolo has been responsible for structuring and
raising over $120 million in equity
and debt for Timmins Gold and
overseeing the growth of the Company as it transitioned from junior
developer to a +100,000 oz. per year gold producer with a peak
market capitalization of over $450
million.
"We are extremely pleased to welcome to our Board a director
with Mr. Bragagnolo's qualifications and experience. His
involvement will complement our current board bringing demonstrated
and relevant industry experience and strategic acumen to the
table," said Edward Kelly, President
and CEO of Inca One. "His track record building and guiding
Timmins Gold through its successful
growth period will be a valuable asset to Inca One at this exciting
time in our development and will further support our strategy to
deliver value to our stakeholders through good governance,
operational excellence, and continued growth."
About Inca One
Inca One is a Canadian-based mineral processing company with a
gold milling facility in Peru,
servicing government-permitted, small-scale miners. As part of the
terms of the original purchase agreement for the Chala,
Peru processing facility, Inca One
has an agreement between its wholly owned subsidiary, Chala One
SAC, and the seller and initial permit applicant, to operate under
the umbrella of formalization until the successful completion of
all the environmental and operating permits. Peru, a highly mineral-rich country, is one of
the world's top producers of gold, silver, copper and zinc, with
substantial production coming from small scale miners who need
government permitted milling facilities to process their mineral
(such as the Company's Chala
Plant).
On behalf of the Board,
Edward Kelly,
President and CEO
INCA ONE GOLD CORP.
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.
Statements regarding the Company which are not historical facts
are "forward-looking statements" that involve risks and
uncertainties. Such information can generally be identified by the
use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the
negative thereof or similar variations. Since forward-looking
statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual
results in each case could differ materially from those currently
anticipated in such statements due to factors such as: (i)
fluctuation of mineral prices; (ii) a change in market conditions;
and (iii) the fact that the Company has limited operating
experience with its Chala plant and future operational results may
not be accurately predicted based on this limited information to
date. Except as required by law, the Company does not intend
to update any changes to such statements. Inca One believes
the expectations reflected in those forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
SOURCE Inca One Gold Corp.