Arly Richau Steps Down from Board of Directors to Focus on Corporate Counsel Work for El Capitan Precious Metals
19 March 2014 - 10:15PM
Business Wire
El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today
that the Company has accepted the resignation of Arly Richau from
its Board of Directors. Richau, who was instrumental in negotiating
and executing the Company’s recent contracts with Logistica US
Terminals and GlencoreXstrata, will continue to serve as corporate
counsel for El Capitan Precious Metals, Inc.
Richau, who was named to the ECPN Board in July of 2012, has
been involved in various aspects of legal representation of the El
Capitan mining project for the past 18 years, including General
Counsel to the Board of Directors of El Capitan Precious Metals,
Inc. since its merger with Gold and Minerals Company, Inc. His law
career spans three decades and includes positions as Commissioner
of Securities for the State of North Dakota and Special Assistant
Attorney General for the North Dakota Tax Department.
According to John F. Stapleton, ECPN Board Chairman, Richau had
planned to transition from his Board position to a sole focus on
legal affairs for the Company several months ago and delayed his
decision until a series of significant new contacts were in place
and new members named to the Board of Directors. “We value Arly’s
historical knowledge of the Company as well as his legal expertise
in the areas of business transactions, contract negotiations, and
civil litigation,” said Stapleton, “and he will continue to serve
as an important legal advisor to our Board as we move forward
toward the sale of the El Capitan property.”
Last week, new ECPN COO Keith Brogoitti was named to the Board
of Directors and the Company anticipates the announcement of
another new Board member later this week.
About El Capitan Precious Metals,
Inc.:
El Capitan Precious Metals, Inc. is an exploration stage
precious minerals company based in Scottsdale, Arizona that is
principally engaged in the exploration of precious metals and other
minerals. The Company’s primary asset is its wholly owned
subsidiary El Capitan, Ltd., an Arizona corporation, which holds
the 100% equity interest in the El Capitan property located near
Capitan, New Mexico. www.elcapitanpmi.com
Forward-Looking Safe Harbor Statement:
The statements included in this press release concerning
predictions of economic performance and management’s plans and
objectives constitute forward-looking statements made pursuant to
the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. Forward-looking statements are statements
that are not historical facts. Words such as “expect(s),”
“feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and similar
expressions are intended to identify forward-looking statements.
These statements include, but are not limited to, statements
regarding the expected completion, timing and results of
metallurgical testing, interpretation of drill results, the
geology, grade and continuity of mineral deposits, results of
initial feasibility, pre-feasibility and feasibility studies and
expectations with respect to the engaging in strategic
transactions. All of such statements are subject to risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of the Company, that could cause actual results
to differ materially from those expressed in, or implied or
projected by, the forward-looking information and statements.
Specifically, there can be no assurance regarding the timing and
terms of any transaction involving the Company or its El Capitan
property, or that such a transaction will be completed at all. In
addition, there can be no assurance that periodic updates to the
Company’s geological technical reports will support the Company’s
prior claims regarding the metallurgical value and make-up of the
ore on the New Mexico property. Additional risks and uncertainties
affecting the Company include, but are not limited to, the
possibility that future exploration, development, testing or mining
results will not be consistent with past results and/or the
Company’s expectations; discrepancies between different types of
testing methods, some or all of which may not be industry standard;
the ability to mine precious and other minerals on a cost effective
basis; the Company’s ability to successfully complete contracts for
the sale of its products; fluctuations in world market prices for
the Company’s products; the Company’s ability to obtain and
maintain regulatory approvals; the Company’s ability to obtain
financing for continued operations and/or the commencement of
mining activities on satisfactory terms; the Company’s ability to
enter into and meet all the conditions to consummate contracts to
sell its mining properties that it chooses to list for sale; and
other risks and uncertainties described in the Company’s filings
from time to time with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date hereof,
and we do not undertake any obligation to revise and disseminate
forward-looking statements to reflect events or circumstances after
the date hereof, or to reflect the occurrence of or non-occurrence
of any events.
El Capitan Precious Metals, Inc.John Stapleton, 480-440-1449
El Capitan Precious Metals (CE) (USOTC:ECPN)
Historical Stock Chart
From Apr 2024 to May 2024
El Capitan Precious Metals (CE) (USOTC:ECPN)
Historical Stock Chart
From May 2023 to May 2024