Atico Mining Announces Appointment of New CFO
Atico Mining Corporation has appointed Matias Herrero, CPA, CA, as its new Chief Financial Officer effective July 2, 2021. Herrero brings 15 years of experience, including senior roles in finance and management within the mining sector. He replaces Bill Tsang, who served since February 2016. The company also issued 300,000 stock options to Herrero at an exercise price of $0.57 per share. Atico focuses on developing copper and gold projects in Latin America and operates the El Roble mine, while developing the La Plata project in Ecuador.
- Matias Herrero's extensive experience in finance and mining could enhance financial strategy.
- The transition in leadership may bring fresh perspectives to the company's financial management.
- The management change raises concerns about continuity and potential gaps in leadership experience.
VANCOUVER, British Columbia, July 05, 2021 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce the appointment of Mr. Matias Herrero, CPA, CA, as Chief Financial Officer effective July 2, 2021.
Mr. Herrero is a Canadian chartered accountant, with 15 years of progressive senior level experience as a mining professional in various areas including finance, mergers and acquisitions, international arbitration, treasury management, risk management, regulatory compliance, and multi-jurisdictional public company reporting. Prior to joining Atico, Mr. Herrero served as the CFO before becoming the CEO of Gold Springs Resource Corp. Prior to that, he served as the CFO of a gold producer in South America. Mr. Herrero began his career with PricewaterhouseCoopers and gained experience working in senior management roles in publicly-traded companies with gold projects in North America, South America, and Africa. Mr. Herrero earned a bachelor’s degree in accounting from the University of Belgrano in Buenos Aires, Argentina, he is fluent in English and Spanish and holds a CPA in both Colorado and Washington.
Mr. Herrero will be replacing Mr. Bill Tsang who has served Atico as a Controller since inception and as Chief Financial Officer since February 2016. The Company extends its appreciation to Mr. Tsang for his dedication and contribution which has been instrumental to the Company's success as it developed into a copper and gold producer.
Pursuant to the Company's stock option plan, 300,000 incentive stock options exercisable at
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTC: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
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.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com
FAQ
Who is Matias Herrero and what experience does he bring to Atico Mining?
What led to the appointment of Matias Herrero as CFO of Atico Mining?
What is the significance of the stock options granted to Matias Herrero?
How might the management change affect Atico Mining's operations?
When did Matias Herrero officially start as CFO of Atico Mining?
