VANCOUVER, BC, June 22, 2020 /CNW/ - Filo Mining Corp.
(TSXV, Nasdaq First North Growth Market: FIL) ("Filo
Mining", "Filo", or the "Company") announces the
appointment of Mr. Jamie Beck as
President & Chief Executive Officer ("CEO") and Director of the
Company. Also elected to the Board is Ms. Erin Johnson, Managing Director of the Lundin
Foundation. At the same time, Mr. Adam I. Lundin has stepped down as Filo Mining's
CEO and transitioned to Chairman of the Board. As Chairman,
Mr. Lundin takes over from his father, Mr. Lukas H. Lundin, who will continue to serve as a
Director of the Company. PDF Version.
Commenting on the reorganization, Lukas
H. Lundin, stated, "It's great to see the strength in our
succession planning come to fruition with Adam and Jamie
transitioning into new roles at the Company. I look
forward to Filo's continued growth under their leadership. The
potential size and scale of the Filo del Sol deposit is
unparalleled to any project I have been involved with during my
career."
Mr. Beck previously held the role of President of the Company
and has been an integral member of the senior management team
within the Lundin Group of Companies for over 10 years. With
expertise in international project management and corporate
development, Mr. Beck has most recently been guiding Filo's work
programs and engineering studies. Prior to this, Mr. Beck
worked in corporate development in various roles of increasing
responsibility with Lundin Mining Corp., Filo Mining Corp. and
Josemaria Resources Inc. (formerly NGEx Resources Inc.). He
is a registered Professional Engineer, holds a Bachelor of Applied
Science from Queen's University, and an MBA from the University of British Columbia.
Ms. Johnston serves as Managing Director of Lundin Foundation, a
corporate foundation that develops programs to maximize benefits to
communities surrounding resource operations and advises companies
on Environmental and Social Governance ("ESG") issues to reduce
non-technical risks of resource development projects. Ms. Johnston
brings over 15 years of experience in the private sector leading
capacity building and resource governance projects in Latin America, Asia and Africa. She has a Master of Arts in
International Leadership from Simon Fraser University. Ms.
Johnston is a Director of Africa Oil Corporation (TSX, Nasdaq
Stockholm).
Following Mr. Beck and Ms. Johnston's respective appointments,
the Company continues to have seven Board members, as Mr.
Ashley Heppenstall and Mr.
Pablo Mir did not stand for
re-election at the 2020 Annual General Meeting of Shareholders. Mr.
Heppenstall and Mr. Mir will both continue as advisors to the
Board.
Mr. Lukas H. Lundin continued,
"On behalf of the Board, we would like to express our sincere
thanks to Ashley and Pablo for their leadership and guidance at
Filo since inception. At the same time, we are thrilled to be
adding Erin to our Board. She brings an additional set
of skills and experience that will be invaluable as we advance the
Project."
On behalf of the Board,
Lukas H. Lundin
ABOUT FILO MINING
Filo Mining is a Canadian exploration and development company
focused on advancing its 100% owned Filo del Sol copper-gold-silver
deposit located in Chile's Region
III and adjacent San Juan Province, Argentina. Filo Mining is listed on the TSXV
and Nasdaq First North Growth Market under the trading symbol
"FIL". Filo Mining is a member of the Lundin Group of
Companies.
ADDITIONAL INFORMATION
The Company's certified advisor on Nasdaq First North Growth
Market is Pareto Securities AB, +46 8 402 50 00,
certifiedadviser.se@paretosec.com.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
The information contained in each Filo Mining news release was
accurate at the time of dissemination but may be superseded by
subsequent news release(s).
The information in this release is subject to the disclosure
requirements of Filo Mining under the EU Market Abuse Regulation.
This information was submitted for publication, through the agency
of the contact person set out below, on June
22, 2020 at 01:00 Eastern
Time.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements made and information contained herein in the
news release constitutes "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, "forward-looking
information"). The forward-looking information contained in this
news release is based on information available to the Company as of
the date of this news release. Except as required under applicable
securities legislation, the Company does not intend, and does not
assume any obligation, to update this forward-looking information.
Generally, this forward-looking information can frequently, but not
always, be identified by 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 statements that certain actions, events, conditions
or results "will", "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotations
thereof. All statements other than statements of historical fact
may be forward-looking statements.
Statements relating to "mineral resources" are deemed to be
forward-looking information, as they involve the implied
assessment, based on certain estimates and assumptions that the
mineral resources described can be profitably produced in the
future.
The forward-looking statements contained in this news release
are made as at the date of this news release and Filo does not
undertake any obligations to publicly update and/or revise any of
the included forward-looking statements, whether as a result of
additional information, future events and/or otherwise, except as
may be required by applicable securities laws.
Forward-looking information is provided for the purpose of
providing information about management's current expectations and
plans and allowing investors and others to get a better
understanding of the Company's operating environment.
Forward-looking information is based on certain assumptions that
the Company believes are reasonable, including that the current
price of and demand for commodities will be sustained or will
improve, the supply of commodities will remain stable, that the
general business and economic conditions will not change in a
material adverse manner, that financing will be available if and
when needed on reasonable terms and that the Company will not
experience any material labour dispute, accident, or failure of
plant or equipment. These factors are not, and should not be
construed as being, exhaustive. Although the Company has attempted
to identify important factors that would cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated, or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. All the forward-looking information
contained in this document is qualified by these cautionary
statements. Readers are cautioned not to place undue reliance on
forward-looking information due to the inherent uncertainty
thereof.
SOURCE Filo Mining Corp.