WHITE ROCK, British Columbia--(BUSINESS WIRE)--Standard Tolling Corp. (TSX-V: TON, Frankfurt: GA0, “Standard Tolling” or the “Company”) is pleased to announce it has appointed Dr. Luis Rodríguez-Mariátegui Canny to the Board of Directors. Dr. Rodríguez-Mariátegui has replaced Mr. Nikolaos Cacos who has resigned to pursue other interests. The Board wishes to thank Mr. Cacos for his many contributions over the years.
“Standard Tolling has undergone a total transformation and is now attracting among the most respected professionals in the mining business. Dr. Rodríguez-Mariátegui’s appointment should give comfort to our stakeholders that we view adherence to the evolving regulatory regime of the small mining industry as a top priority as we look to create the 'standard' in the toll processing industry,” stated Len Clough, CEO of Standard Tolling Corp.
“It is a pleasure to join Standard Tolling’s Board of Directors. I believe the time is right for a credible new company to pursue milling opportunities of the small mining industry throughout Latin America. The strategy of fresh investment into this vast and overlooked industry, combined with the implementation of environmentally sound processing practices, is simply great for Peru and I am glad to be a part of it,” said Dr. Rodríguez-Mariátegui.
Dr. Luis Rodríguez-Mariátegui Canny
Dr. Rodríguez-Mariátegui, with 27 years of experience, is an expert in mining law, environmental law and corporate law in Peru, and is a partner of Hernandez & Cia law firm.
He is the Past-President of the Mining-Legal Committee of the National Society of Mining, Oil and Energy (“SNMPE”) and a former member of the Advisory Council of the Mining area of the Registry Zone IX – Lima, Peru headquarters.
He is also a member of the Environmental Affairs Committee of SNMPE and a director and Past-President of Instituto de Estudios Energético Mineros (“IDEM”) (Institute of Mining Energetic Studies).
Dr. Rodríguez-Mariátegui was President of Mining, Oil and Energy Law national institute (“INDMPE”) and of the Legal Affairs Committee of SNMPE. He has also been a member of the Directive Council of the Peruvian Association of Maritime Law, and Director-Secretary and member of the Executive Committee of SNMPE.
He acts as legal counsel and director of several domestic and foreign companies with operations in Peru.
Dr. Rodríguez-Mariátegui has also been consultant of the Congress of the Republic, of the Presidency of the Ministers Council, of the Ministry of Energy and Mines, of the Minister of Economy and Finance, of the Minister of Agriculture and of the National Institute of Concessions and Mining Cadaster- INACC (now called INGEMMET), in the preparation of several regulations of mining, environmental, real property rights, registry, financial and contractual content.
The Company also announces that the directors have today granted an incentive stock option to a director on 100,000 common shares, exercisable for up to five years at a price of $0.155 per share, which is the last closing price of the Company’s shares prior to the date of grant.
About Standard Tolling Corp.
Standard Tolling has assembled a well respected operating team with expertise in operating multiple toll processing plants that purchase ore from small miners. The Company is looking to establish its first toll processing facility in Peru upon the completion of a comprehensive study due in May 2014. Under the progressive new formalization mandate, the Peruvian government has enacted legislation that has fuelled a strong demand for additional compliant ore processing plants. The company is considering several additional tolling opportunities throughout Latin America, each with an initial minimum production rate of at least 20,000 ounces of gold or gold equivalent in cases where other ore types are processed.
ON BEHALF OF THE BOARD
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate Communications
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 Standard Tolling 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.