Heron Resources Limited (ASX:HRR TSX:HER, “Heron” or the
“Company”) is pleased to announce that it has appointed
Mr. Peter Rozenauers and Mr. Ricardo De Armas to the Board as
Non-executive Directors.
As noted in the release of 30 June 2017, the nomination of Mr.
Rozenauers and Mr. De Armas to the Board was contemplated under the
Equity subscription agreement with Orion Mine Finance (“Orion”) and
Castlelake LP (“Castlelake”) as part of the overall Woodlawn
project financing.
Mr Peter Rozenauers is a Portfolio Manager with Orion Mine
Finance and has over 25 years of experience in the natural
resources and finance industry. He earned a BEng (Honors I) in
Mining from the University of NSW, a Master in Applied Finance from
the University of Technology Sydney and is a member of the
Australasian Institute of Mining and Metallurgy. Prior to Orion, Mr
Rozenauers was a Senior Investment Manager for a predecessor
business of Orion, and prior to that was Managing Director and Head
of Asian Commodities Distribution for Barclays Capital in
Singapore, a leading global investment bank. Mr Rozenauers spent
over 13 years working in senior banking roles in Singapore, New
York and London. Mr Rozenauers is a Non-Executive Director of
Blackham Resources Ltd (ASX), Non-Executive Director of MacPhersons
Resources Ltd (ASX) and Chairman of Lynx Resources, a private
company. Mr John Dorian, an Investment Associate at Orion
Mine Finance will act as Mr Rozenauers’ alternate.
Ricardo De Armas is an investment professional at Castlelake,
where he focuses on emerging market investments. Mr. De Armas has
more than 10 years of experience in investment and corporate
finance, including roles as vice president at De Jong Capital,
principal at Zaff Capital, associate at Citigroup’s investment
banking division, and financial analyst at Procter & Gamble.
His expertise includes value investments, restructuring and
financial advisory. Mr. De Armas received his M.B.A. from Harvard
Business School and a B.S. from Universidad Metropolitana in
Business Administration. Mr De Armas is a resident of the USA.
Heron Resources Chairman, Mr Stephen Dennis, welcomed the
appointments:
“We are very pleased to welcome Peter and Ricardo to the Board
and Orion and Castlelake to the share register. Both Peter and
Ricardo’s strong corporate finance skills and extensive expertise
in developing new resource opportunities will be particularly
valuable in assisting Heron through its transition to a producer. I
would like to personally welcome Peter and Ricardo to the Board and
I look forward to the application of their knowledge and experience
base at Woodlawn.”
About Heron Resources Limited
Heron’s primary focus is the development of its 100% owned, high
grade Woodlawn Zinc-Copper Project located 250km southwest of
Sydney, New South Wales, Australia.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
This report contains forward-looking statements and
forward-looking information within the meaning of applicable
Canadian securities laws, which are based on expectations,
estimates and projections as of the date of this report. This
forward-looking information includes, or may be based upon, without
limitation, estimates, forecasts and statements as to management’s
expectations with respect to, among other things, the timing and
amount of funding required to execute the Company’s exploration,
development and business plans, capital and exploration
expenditures, the effect on the Company of any changes to existing
legislation or policy, government regulation of mining operations,
the length of time required to obtain permits, certifications and
approvals, the success of exploration, development and mining
activities, the geology of the Company’s properties, environmental
risks, the availability of labour, the focus of the Company in the
future, demand and market outlook for precious metals and the
prices thereof, progress in development of mineral properties, the
Company’s ability to raise funding privately or on a public market
in the future, the Company’s future growth, results of operations,
performance, and business prospects and opportunities. Wherever
possible, words such as “anticipate”, “believe”, “expect”,
“intend”, “may” and similar expressions have been used to identify
such forward-looking information. Forward-looking information is
based on the opinions and estimates of management at the date the
information is given, and on information available to management at
such time. Forward-looking information involves significant risks,
uncertainties, assumptions and other factors that could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
information. These factors, including, but not limited to,
fluctuations in currency markets, fluctuations in commodity prices,
the ability of the Company to access sufficient capital on
favourable terms or at all, changes in national and local
government legislation, taxation, controls, regulations, political
or economic developments in Canada, Australia or other countries in
which the Company does business or may carry on business in the
future, operational or technical difficulties in connection with
exploration or development activities, employee relations, the
speculative nature of mineral exploration and development,
obtaining necessary licenses and permits, diminishing quantities
and grades of mineral reserves, contests over title to properties,
especially title to undeveloped properties, the inherent risks
involved in the exploration and development of mineral properties,
the uncertainties involved in interpreting drill results and other
geological data, environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins and flooding,
limitations of insurance coverage and the possibility of project
cost overruns or unanticipated costs and expenses, and should be
considered carefully. Many of these uncertainties and contingencies
can affect the Company’s actual results and could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company.
Prospective investors should not place undue reliance on any
forward-looking information. Although the forward-looking
information contained in this report is based upon what management
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure prospective purchasers that actual
results will be consistent with such forward-looking information,
as there may be other factors that cause results not to be as
anticipated, estimated or intended, and neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any such forward-looking information. The Company
does not undertake, and assumes no obligation, to update or revise
any such forward-looking statements or forward-looking information
contained herein to reflect new events or circumstances, except as
may be required by law. No stock exchange, regulation
services provider, securities commission or other regulatory
authority has approved or disapproved the information contained in
this report.
For further information regarding Heron please visit www.heronresources.com.au or contact:
Heron Resources
Mr Wayne Taylor
Managing Director and CEO Heron Resources Ltd
Tel: +61 2 9119 8111
Email: heron@heronresources.com.au
Heron (Canada)
Tel: +1 647-862-1157 (Toronto)