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Amerigo Announces Board of Director Changes

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Amerigo Resources has announced the retirement of Michael Luzich from its board of directors, effective June 30, 2024. Luzich, who joined the board on May 12, 2020, is also the founder of Luzich Partners , a significant shareholder in Amerigo. Luzich is retiring to focus on other business ventures. Dr. Klaus Zeitler, Amerigo's Executive Chair, expressed gratitude for Luzich's contributions over the past four years and wished him continued success.

Positive
  • Michael Luzich, founder of a significant shareholder firm Luzich Partners , contributed positively to Amerigo Resources during his tenure.
  • The leadership expressed clear appreciation for Luzich’s insights and contributions.
Negative
  • Retirement of a key board member, Michael Luzich, might lead to uncertainties or gaps in leadership during the transition.

VANCOUVER, British Columbia, July 02, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) announces that Michael Luzich has retired from Amerigo’s board of directors effective June 30, 2024. Mr. Luzich joined the Amerigo board on May 12, 2020.

Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder of the Company.

Mr. Luzich is stepping down from the Amerigo board of directors to devote more time to his other business endeavours.

“I would like to extend our appreciation to Michael for having served as a director of the Company over the last four years and for his insights and contributions during this time,” stated Dr. Klaus Zeitler, Executive Chair of Amerigo. “We are sure Michael will continue adding to his successful track record for many years,” Dr. Zeitler added.

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

Contact Information 
Aurora DavidsonGraham Farrell
President and CEOInvestor Relations
(604) 697-6207(416) 842-9003
ad@amerigoresources.comGraham.Farrell@Harbor-Access.com

FAQ

What recent change occurred in Amerigo's board of directors?

Michael Luzich retired from Amerigo's board of directors on June 30, 2024.

Who retired from Amerigo's board of directors on June 30, 2024?

Michael Luzich retired from Amerigo's board of directors on June 30, 2024.

Why did Michael Luzich retire from Amerigo's board?

Michael Luzich retired to focus more on his other business endeavors.

When did Michael Luzich join Amerigo's board of directors?

Michael Luzich joined Amerigo's board of directors on May 12, 2020.

What is the stock symbol for Amerigo Resources ?

The stock symbol for Amerigo Resources is ARREF on OTCQX and ARG on TSX.

AMERIGO RESOURCES LTD

OTC:ARREF

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