- New management team is led by Mr. Ian Graham – CEO (ex- Rio Tinto / Anglo American) and includes Mr. Michel Robert – Director (former Senior Vice
President of Pan American Silver) and Mr. Luis Zapata – Executive Chairman (former Head of
Latin America Institutional Equity Sales at Canaccord Genuity and
Peru-based).
- Transaction creates a new Peru-focused mine development
company.
- Company will look to grow through project advancement and
M&A with a focus on advanced and cash-flow mining
opportunities.
VANCOUVER, March 9, 2015 /CNW/ - Montan Mining Corp. (TSXv:
MNY) ("Montan" or the "Company") is pleased to announce that its
common shares will commence trading on the TSX Venture Exchange
today under the new trading ticker symbol "MNY".
Montan Mining Corp. was formed upon completion of an
amalgamation between Montan Capital Corp. (a Capital Pool Company)
and a subsidiary company of Strait Minerals Inc. The Company is
focused on advanced and cash-flow mining opportunities in
Peru and will look to grow through
project advancement and M&A.
The management team of Montan is:
Mr. Ian Graham, B.Sc. (Hons),
Geology – CEO and Director
Mr. Graham is an accomplished mining professional with over 20
years of experience in the development and exploration of mineral
deposits, mostly gained with the major mining companies Rio Tinto
and Anglo American. Formerly Chief
Geologist with the Project Generation Group at Rio Tinto located in
Vancouver, Mr. Graham has been
involved with evaluation and pre-development work on several
projects in Canada and abroad
including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution
Copper (Arizona, USA), Eagle
Nickel (Michigan, USA),
Lakeview Nickel (Minnesota, USA) and Bunder Diamonds
(India). Prior to his work with
Rio Tinto, Ian held exploration geologist roles with Anglo American. Ian graduated from the
University of Natal (now Kwa-Zulu Natal) in Durban, South Africa with a B.Sc. in Geology
and Applied Geology (1984) and B.Sc. (Hons) in Geology (1985).
Mr. Luis F. Zapata – Executive
Chairman
Mr. Zapata was previously Partner and Head of Capital Markets at
Seminario SAB, Peru's largest
independent brokerage firm. Prior to that, he was Head of Latin
America Institutional Equity Sales at Canaccord Genuity. Mr. Zapata
has structured, financed or participated in over $500M of equity raises for natural resources
companies with a focus on connecting Latin American assets with
Canadian and global public market financing and listing vehicles.
Mr. Zapata is a frequent media commentator on the resource sector
in Peru and a dual
Canadian/Peruvian citizen fluent in English and Spanish.
Mr. Michel Robert, B.A.,
B.A.Sc. (Hons), M.A.Sc. (Hons), Mining Engineering -
Director
Mr. Michel Robert has over 40
years of professional experience in the mining industry. He
previously served for nine years at Teck Corporation as corporate
metallurgist, lead engineer and start-up manager. Mr. Robert was
also a director of SNC as well as one of three founders of Simons
Mining Group (now Amec) and Senior Vice President for Pan American
Silver Corp. from 1995 to 2001, where he was responsible for the
management of operation in Latin
America and the expansion of the company in Peru, Mexico,
and Bolivia.
More recently, Mr. Robert was Vice President of Quinto Mining
Corp. which was acquired by Consolidated Thompson Iron Mines for
C$150 million in 2008 for the Peppler
Lake and Lamelee iron deposits. The resources on these two
contiguous grass root projects were advanced to a level of slightly
more than a billion tonnes in the span of two seasons for less than
$5M by Mr. Robert's team.
Mr. Ryan Fletcher, B.A. (Econ)
– Acting CFO and Director
Mr. Ryan Fletcher is an
entrepreneur and financier with a focus on the mining and mineral
exploration space. Mr. Fletcher co-founded Montan Capital Corp. in
2012 with the goal and mandate to identify a strong Qualifying
Transaction in the resource and mining space, with a focus on
Peru. Most recently, Mr. Fletcher
was a Director of Zimtu Capital Corp., a resource investment issuer
listed on the Exchange. Mr. Fletcher brings extensive knowledge and
experience in public company management, corporate compliance and
governance, financing, marketing, and communications and
shareholder relations, as well as an energetic and entrepreneurial
spirit and passion for the industry. He is a graduate of the
University of British Columbia Okanagan
with a Bachelor of Arts degree in Economics.
Mr. James S. Borland,
B.A. – Director
Mr. James Borland has been
involved in the mining industry for more than 25 years. He founded
Borland, Levand & Associates in 1998, a firm that has provided
management services to the minerals sector including Anvil Mining
(acquired by China Minmetals), Blue Pearl Mining (now Thompson
Creek Metals) and Glencairn Gold Corp. (acquired by B2Gold). He was
Manager of Research Communications for BMO Nesbitt Burns Inc. and
VP Investor Relations for Boliden Ltd. He is a graduate of the
University of Western Ontario with a
Bachelor of Arts degree.
Mr. James Rogers – Project
Manager
Mr. James Rogers is a
second-generation mineral explorationist and entrepreneur who has
been active in the mineral exploration industry since 2007. Mr.
Rogers has developed projects in North
America and Internationally with Solomon Resources
(Exploration Manager), 3H Exploration (Co-Founder) and Longford
Exploration Services (President and CEO). James specializes in
project generation and focused data mining targeting commercial
opportunities and is skilled in the safe and timely execution of
field projects.
Alicia Copper Project – Peru:
Montan will advance the Alicia Project in southern Peru with a focus on its high-grade copper
potential and provide its shareholders with a platform to seek
further advanced and/or cash flow opportunities in the Peruvian
mining sector presented by the current malaise in the mining and
resource market.
Montan holds a 100% interest in the 26-sq-km Alicia Property,
subject to a 2% NSR, which is located in the Andahuaylas-Yauri
metallogenic belt of southeastern Peru, a Tertiary-aged belt of porphyry and
skarn deposits extending for over 300 km in a northwest-southeast
direction.
The belt contains more than 30 porphyry and skarn deposits and
prospects, several of which are being mined or are under
development including Tintaya (Glencore), Las Bambas (MMG),
Antapaccay (Glencore), Haquira (First Quantum) and Constancia (Hudbay) and has emerged as one of
the most active copper exploration and development regions of
Peru, as well as on a global
basis.
The property has approximately $5
million of recent spending by Teck and Strait Minerals Inc.
and gives Montan a solid entry into Peru.
Montan has 19,728,259 shares outstanding and approximately
C$1 million cash. Full details on the
share structure is available on the website:
http://www.montanmining.ca
Montan has also approved the issuance of 825,000 incentive stock
options of which 600,000 have been allocated to Directors and
Officers. The options are exercisable at $0.15 per common share for a period of 5 years
from the issuance.
MONTAN MINING CORP.
"Ian Graham"
Ian
Graham
CEO and
Director
Ph: +1 604 671
1353
Email: igraham@montanmining.ca
About Montan Mining Corp.
Montan Mining Corp. (TSXv: MNY) is positioned for growth in
Peru through the acquisition and
development of advanced and/or cash flow mining opportunities.
Montan is backed by an experienced and high-energy management team
with diverse technical, market and finance strengths and expertise
and is supported by committed and sophisticated investors focused
on building value for the long term.
For more information, please visit the corporate website at
http://www.montanmining.ca or contact:
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 news release.
Cautionary Note Regarding Forward-Looking Statements Certain
statements herein may contain forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Forward-looking statements or information appear
in a number of places and can be identified by the use of words
such as "plans", "expects", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "believes" 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. Forward-looking statements and
information include statements regarding the future plans of Montan
Mining. With respect to forward looking statements and information
contained herein, we have made numerous assumptions, including
assumptions about our ability to complete further tranches of the
concurrent financing. Such forward-looking statements and
information are subject to risks, uncertainties and other factors
which may cause the resulting issuer's actual results, performance
or achievements, or industry results, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statement or information. Such
risks include discrepancies between actual and estimated mineral
resources, subjectivity of estimating mineral resources and the
reliance on available data and assumptions and judgments used in
the interpretation of such data, speculative and uncertain nature
of exploration, exploration costs, capital requirements and the
ability to obtain financing, volatility of global and local
economic climate, share price volatility, estimate price
volatility, changes in equity markets, increases in costs, exchange
rate fluctuations and other risks involved in the mineral
exploration industry. There can be no assurance that a
forward-looking statement or information referenced herein will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements or
information. Also, many of the factors are beyond the control of
the resulting issuer. Accordingly, readers should not place undue
reliance on forward-looking statements or information. We undertake
no obligation to reissue or update any forward-looking statements
or information except as required by law. All forward-looking
statements and information herein are qualified by this cautionary
statement.
SOURCE Montan Mining Corp.