Panoro Appoints Kallpa Securities SAB as Sponsor for Listing on Lima Stock Exchange, Peru
08 June 2010 - 11:00PM
Marketwired
Panoro Minerals Ltd. (TSX VENTURE: PML)(BVLAC: PML)(FRANKFURT: PZM)
("the Company") is pleased to announce that Kallpa Securities SAB
(Kallpa) is the Company's sponsor for the Lima Stock Exchange
(BVL). Kallpa is a Peruvian investment company specializing in
sales, trading and capital markets. Kallpa commenced operations in
October 2008 and now ranks 12th by volume traded among 24 Peruvian
brokers with a 4% market share in the Peruvian market.
As Panoro's sponsor Kallpa will support the marketing process of
the Company's common shares on the Lima Stock Exchange. Kallpa will
provide all services required by the BVL and any other regulatory
entities to duly fulfill local requirements relating to all
marketing activities in compliance with the BVL and CONASEV
Regulatory bodies. Kallpa will also provide Panoro with market
information, organization of meetings with main participants in the
Peruvian market (Institutional investors, retail investors,
brokerage firms) and preparation of marketing documents and
research. Kallpa will also provide regular updates of Panoro to the
Peruvian investor class. In return, Kallpa will receive at least
USD $20,000/year for their services.
Kallpa's CEO, Mr. Alberto Arispe will work closely with Mr.
Christian Pilon, Director and Vice President of Panoro, to promote
the strength of Panoro as a junior exploration company. Mr. Arispe
holds an MBA from the Stern School of Business from New York
University and a Bachelor of Economics degree from Pontificia
Universidad Catolica del Peru. He has 16 years of experience in the
international financial system. Between 2005 and 2008, he was
Managing Director at the Lima Stock Exchange and during the years
2000 through 2005 he was Vice President of the Emergency Markets
Division at Fox-Pitt Kelton Inc., a subsidiary of Swiss Re Corp
based in New York City.
"We are proud to be the Sponsor of Panoro Minerals in Peru",
commented Mr. Arispe. "Panoro is pleased to have Kallpa Securities
as our sponsor, I am sure they are going to help us in our
development and growth in the Peruvian Market" said Mr. Pilon,
Director and VP of Panoro Minerals.
On behalf of the Board of Panoro Minerals Ltd.
Luquman Shaheen, M.B.A., P.Eng., P.E., President, CEO and
Director
About Panoro Minerals Ltd.
Panoro's strategic focus is to move its advanced stage Copper
and Copper/Gold projects to feasibility and development stages and
to explore its other projects.
The Company's most advanced projects, Cotabambas and Antilla,
contain NI 43-101 compliant inferred resources of:
Cotabambas 114 Mt @ 0.68% Cu and 0.38 g/t Au at 0.30% Cu cut-off
Antilla 154 Mt @ 0.47% Cu and 0.009% Mo at 0.25% Cu cut-off
The Antilla project is being explored as part of the JV
agreement with Chancadora Centauro S.A.C in return for US $8
million cash to Panoro and a work commitment of US $17 million. The
company has eleven other exploration projects, all located in Peru.
Priority projects for the Company are the Kusiorcco Porphyry Copper
Project, the El Rosal Polymetalic Project and the Cochasayhuas Gold
Project.
This release was prepared by management of the Company who takes
full responsibility for its contents.
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.
Contacts: Panoro Minerals Ltd. Luquman Shaheen President &
CEO 604.684.4246 604.684.4200 (FAX) info@panoro.com www.panoro.com
Ascenta Capital Partners Inc. Jim Glass Investor Relations
604.684.4743 ext. 225 or 866.684.4209 jim@ascentacapital.com
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