VANCOUVER, June 23, 2017 /CNW/ - Batero Gold Corp.
("Batero" or the "Company") announces that Mr.
Felipe Ferraro has resigned as Chief
Executive Officer and President and as a director of the Company
effective June 22, 2017. Mr.
Gonzalo de Losada will succeed Mr.
Ferraro as Chief Executive Officer and President, and will join
Batero's Board of Directors (the "Board") effective
June 22, 2017.
The Board wishes to acknowledge Mr. Ferraro's continuous support
and contribution to the Company over the past four years, and
wishes him success in the new responsibilities at Consorcio Minero
Horizonte S.A.. The Board also congratulates Mr. de Losada on his
appointment, and looks forward to working with him.
About Batero
Batero is a precious and base metals exploration and development
company focused on moving its 100% owned "QuinchÃa Project",
including La Cumbre oxide deposit toward a production decision.
Once the appropriate level of study has been completed, Batero
intends to target the near surface higher grade oxidized gold
mineralization at the deposit and continue exploration on several
other targets within the property. Batero is also pursuing
opportunities to acquire prospective high-grade, production focused
mineral properties in Colombia and
Latin America. In pursuing these
objectives, Batero plans to leverage its secure treasury position,
strong regional relationships, experienced management team, and
long-term financial partners. Common shares of the Company trade on
the TSXV under the symbol "BAT".
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
Gonzalo de
Losada
President & CEO
Batero Gold Corp.
Neither 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.
Forward-Looking Information
This news release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking information and
statements include, but are not limited to, statements with respect
to Batero's planned exploration and development activities at the
La Cumbre oxide deposit, the future interpretation of studies
pertaining to gold mineralization at the La Cumbre oxide deposit,
and the Company's intentions to acquire mineral properties in
Colombia and Latin America. Generally, but not always,
forward-looking information and statements can be identified by the
use of words such as "plans", "expects", "is expected", "budget",
"schedules", "estimates", "forecasts", "intends", "anticipates", or
"believes" or the negative connotation thereof or variations of
such words and phrases or statements that certain actions, events,
or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved" or the negative connotation
thereof.
Although the Company believes that such forward-looking
information and statements are reasonable, it can give no
assurances that such expectations will prove to be correct. All
such forward-looking information and statements is based on certain
assumptions and analyses made by the Company in light of their
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors
management believes are appropriate in the circumstances. This
information, however, is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from this forward-looking
information and statements include that fact that mineral
exploration involves a high degree of risk and is highly
speculative in nature, few properties that are explored are
ultimately developed into producing mines, geological factors, the
actual results and timing of current and proposed future
exploration programs, changes in project parameters as plans
continue to be evaluated, as well as those factors described under
the heading "Financial Instruments and other Risk Exposures" in the
Company's most recently filed management's discussion and analysis.
The Company undertakes no obligation to update or reissue
forward-looking information or statements as a result of new
information or events, except as required by applicable securities
laws. Readers are cautioned not to place undue reliance on
forward-looking information or statements.
SOURCE Batero Gold Corp.