OROSUR MINING INC.: Orosur Mining Inc. -- Leadership Transition
April 20 2020 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a
South American-focused gold developer and explorer wishes to
announce that Ignacio Salazar, Chief Executive Officer of the
Company, will be stepping down from his current role and leaving
the Company with effect from 17 July 2020 to take up a new position
as Chief Executive Officer of Highfield Resources Limited, an
ASX-listed mining company with assets in Spain ("Highfield"). A
search for his replacement has commenced.
Mr. Salazar has been the CEO of Orosur since March 2013 after
first joining the Company in September 2008 as Finance Director. He
will continue as CEO until 17 July 2020 and, during this 3-month
period, will provide support to ensure a smooth transition.
Orosur's Chairman, Louis Castro, will work closely with Mr. Salazar
to facilitate the process.
Louis Castro, Chairman of Orosur, commented:
"We wish Ignacio all the best in his professional and personal
endeavours and acknowledge his decision to move after a long and
successful spell at Orosur. He has led the Company through very
challenging times and has been instrumental in transforming Orosur
with the acquisition of the Anzá project in Colombia in 2014,
building a strategic alliance with Newmont since 2018 as well as
developing operations and progressing a fair solution in Uruguay
for all stakeholders. We thank him for his significant service and
dedication to the Company and its shareholders."
Ignacio Salazar, CEO of Orosur, commented:
"After 11 years with the Company, it is with mixed feelings that
I make the decision to depart from Orosur to move to Highfield
which, I feel, is a natural step in my career. Orosur is moving
into a new phase as an exploration and development company and I am
confident that during the next three months, I will be handing over
to a strong and well-balanced team with a strong platform to grow.
I remain a friend of the Company and wish all the best of success
to the team, the board, our shareholders and other
stakeholders".
For further information, please contact:
Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
Ryan Cohen, VP Corporate Development
info@orosur.ca
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP -- Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain. If you
have any queries on this, then please contact Ryan Cohen, VP
Corporate Development of the Company (responsible for arranging
release of this announcement on behalf of the Company) on: +1 (778)
373-0100.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals
developer and explorer focused on identifying and advancing gold
projects in South America. The Company operates in Colombia and
Uruguay.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200419005031/en/
CONTACT:
Orosur Mining Inc.
SOURCE: Orosur Mining Inc.
Copyright Business Wire 2020
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April 20, 2020 02:00 ET (06:00 GMT)
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