Corazon Announces Payment of Second Installment Under Concession Agreement; Appointment of New Chief Financial Officer and Corpo
20 4월 2011 - 5:40AM
Marketwired
Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE: CGW)
is pleased to announce that the Company elected to make the second
installment payment of US$2,500,000 pursuant to the terms of the
concession agreement with Cooperativa de Pequenos Mineros de Santo
Domingo RL. A final payment of US$2,500,000 is required by April
15, 2012 in order for Corazon to complete the acquisition of a 100%
interest in the Santo Domingo concession.
Corazon is also pleased to announce the appointment of Ms.
Maricruz Alvarado, C.G.A., to the position of Chief Financial
Officer, replacing Mr. Alec Peck, C.A.. Mr. Peck will continue to
advise the company in the future and his contribution to Corazon's
growth has been greatly appreciated. Ms. Alvarado will be
responsible for the accounting, financial management and regulatory
affairs of the Company. Corazon is also pleased to announce the
appointment of Ms. Lynne Crouch who will assume the position of
Corporate Secretary.
Maricruz Alvarado has over 20 years experience in accounting
operations and resigned her position as CFO of a TSX listed
company, with gold production of approximately 40,000 ounces per
year and 150 employees, to join Corazon. Lynne Crouch left a very
successful mining group in Vancouver to become Corazon's Corporate
Secretary. Corazon is also pleased to announce the appointment of
its new Communications Director, Ms. Ellen Iakovenko, who comes to
Corazon from a TSX-V listed gold exploration company.
The Company also announces that it has granted an aggregate of
200,000 incentive stock options to officers and employees of the
Company. Such options are subject to the terms and conditions of
the incentive stock option plan of the Company and the policies of
the TSX Venture Exchange.
About Corazon
Corazon is a Canadian-based mineral exploration company with its
focus on exploration of the 650-hectare Santo Domingo property in
central Nicaragua. The Santo Domingo property is located 125
kilometres northeast of the capital city of Managua, Nicaragua, and
10 kilometres east of B2Gold Corp.'s La Libertad Mine. Corazon's
property is entirely surrounded by B2Gold's concession block and
has long been recognized as the original gold discovery in
Nicaragua.
The Santo Domingo - La Libertad area is a mining friendly
jurisdiction, with B2Gold Corp. operating the largest mine (open
pit) in the country at La Libertad. Until Corazon initiated work
last year, no modern exploration work has been completed on the
Santo Domingo property.
ON BEHALF OF THE BOARD
Corazon Gold CORP.
Patrick Brauckmann, President
Disclaimer for Forward-Looking Statements
Statements in this news release that are not historical facts
are forward-looking statements that are subject to risks and
uncertainties. Words such as "expects", "intends", "plans", "may",
"could", "should", "anticipates", "likely", "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements in this news release include statements
that: (i) an ongoing trenching and sampling program is expected to
further delineate drill targets for an initial drilling program on
the Santo Domingo property; (ii) that numerous high quality drill
targets have been defined by the mapping and sampling program and
it is the Company's intent to prioritize and test these targets in
early 2011; and (iii) that the Company believes its relationship
with the community of Santo Domingo will be mutually beneficial
going forward. Actual results may differ materially from those
currently anticipated due to a number of factors beyond the
Company's control. These risks and uncertainties include, among
other things: (i) an inability by the Company to undertake or
complete its initial drilling program; (ii) any adverse occurrences
that prevent the Company from prioritizing and testing high quality
drill targets in early 2011; (iii) a breakdown in the relationship
between the Company and the community of Santo Domingo; (iv) a
downturn in economic conditions in Nicaragua or internationally;
(v) the inherent uncertainties and speculative nature associated
with mineral exploration; (vi) any number of events or causes which
may delay exploration and development of the Santo Domingo
property, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (vii) an inability
by the Company to finance operations and growth; and (viii) other
factors beyond the Company's control. These forward-looking
statements are made as of the date of this news release and, except
as required by applicable laws, the Company assumes no obligation
to update these forward-looking statements, or to update the
reasons why actual results differed from those projected in the
forward-looking statements.
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.
Contacts: Corazon Gold Corp. Patrick Brauckmann President (604)
609-6160
Corazon Gold Corp. (TSXV:CGW)
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