WHITE ROCK, British Columbia--(BUSINESS WIRE)--Orovero Resources Corp. (TSX-V: OVR, Frankfurt: GA0, “Orovero” or the “Company”) is pleased to announce that Mr. David Hutchins has joined the Advisory Board of the Company.
The advisory board will be reduced to only Mr. Hutchins and Mr. Carlos Mirabal. Mr. Art Freeze, Carlos Fernandez and Mr. Sivertz have all resigned their Advisory Board positions and the Company would like to thank them for their contributions. Mr. Sivertz will maintain a role with the company as a consultant and Mr. Carlos Fernandez will remain as an independent director on the Board of Directors.
Mr. Len Clough, CEO of Orovero, commented, “David Hutchins’ appointment to our Advisory Board is evidence of our commitment to the European and London finance markets. David is passionate about the toll milling business and I look forward to working with him to expand our financial network.”
Mr. Hutchins also commented, “Orovero is methodically developing a plan with mass roll-out in mind, which has great appeal to me. I also know Company director Andrew Neale and believe the team being assembled is first class. I look forward to working with Len and his team in the future."
Mr. Hutchins has 30 years’ experience as a resources analyst and fund manager. His career began with the Melbourne Stock Exchange in 1979 and he subsequently became an executive director of M&G Investment Management in London. He headed the International Desk at M&G Investment Management from 1995, where he was concurrently responsible for M&G’s investments in the precious metals and commodities sector globally. He left M&G Investment Management in December 1996 and was involved in fund management at Yorkton Securities and acted as a consultant at AWI Administration Services in Australia. He was a founding director of Resources Investment Trust plc at its launch in January 2002 and chief executive of Ocean Resources Capital Holdings plc which was admitted to the AIM Market of the London Stock Exchange from 2003 to 2007. He was a founding partner in www.minesite.com, a resource industry specific new related website and conference business and is a member of the FTSE Gold Mines Index Committee.
Stock Option Grant
The Directors have today granted incentive stock options to directors, officers, and consultants on 1,930,000 common shares, exercisable for up to five years at a price of $0.10 per share, which is a premium to the last closing price of the Company’s shares prior to the date of grant.
About Orovero Resources Corp.
Orovero is preparing a comprehensive study to develop its first gold ore processing operation in Peru. The Company will look to purchase high-grade ore from small and artisanal miners who are legally compliant, and then process it for sale. The Company’s initial focus is Peru but looks to expand with additional facilities throughout Latin America in the future. In addition, the Company has a portfolio of highly prospective exploration properties including its flagship property called Rio Tabaconas located in Northern Peru.
ON BEHALF OF THE BOARD
Mr. Len Clough, Chairman, President, CEO and Director
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This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and include, without limitation, statements regarding the Company’s plans with respect to statements about the Company’s ability to fund and execute the proven ore processing business model outlined in this news release. Although Orovero believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.