Orosur Mining Inc Board Changes (2747T)
July 17 2020 - 2:00AM
UK Regulatory
TIDMOMI
RNS Number : 2747T
Orosur Mining Inc
17 July 2020
17 July 2020
Orosur Mining Inc. ('Orosur' or the 'Company')
Appointment of Brad George as CEO and of Thomas Masney as
Non-executive Director
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a
South American-focused gold developer and explorer, is delighted to
announce the appointment of Brad George as CEO of the Company in
place of Ignacio Salazar who leaves the Company today after a three
month period of transition, as announced on 20 April 2020.
Brad George was appointed to the Board of Orosur as a
non-executive director on 1 May this year and has already made
significant contributions to the Company. As previously announced,
Brad has a long history in South America, having managed, assessed,
and financed projects and companies in a range of countries across
the continent. In particular, Brad's significant experience in gold
exploration and development will be of great benefit to the
Company.
The Company is also pleased to announce the strengthening of the
Board through the appointment of Thomas Masney who will be joining
the Board today as a non-executive director and Chairman of the
audit committee. He will replace HD Lee who resigns today from the
Board of Orosur.
Thomas brings a wealth of quoted company experience to Orosur.
He has been CFO of both TSX and AIM listed companies. He is a CPA
and has worked internationally for both mining and corporates in
other sectors, having trained initially with EY and PWC. He has
strong links with the investor and professional services community
in Toronto which will serve the Company well in its activities.
Louis Castro, Chairman of Orosur, said: "I am delighted that
Brad has agreed to step up to become CEO of the Company. Brad is
ideally suited to lead the Company into its new phase of
development at its flagship project at Anza in Colombia, in
partnership with Newmont, whilst also assessing entry into new
projects. I also look forward to working with Thomas who brings
strong governance experience and many contacts in Toronto and
further afield.
I would like to thank HD for his hard work and contribution to
the Company and we wish him all the very best in his future
endeavours.
We announced Ignacio's departure on 20 April 2020, and we hereby
acknowledge and thank him for his full dedication to the company
during the 3-month transition period"
Regulatory Disclosures
The following disclosures are required regarding Thomas Peter
Masney's appointment, aged 67, pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies:
Current directorships and partnerships:
-- Pond Naturals Inc.
-- Paige Growth Technologies Inc.
Past directorships and partnerships held over the last 5
years:
-- Pond Technologies Inc.
Thomas has no direct or indirect interest in the Company's
ordinary shares.
No further disclosure is required pursuant to AIM Rule 17 and
paragraph (g) to Schedule Two of the AIM Rules for Companies.
F or further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
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.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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