Mantaro Precious Metals Corp. Appoints Matthew Anderson as CFO

Rhea-AI Summary

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has appointed Matthew Anderson as the new Chief Financial Officer, taking over from Kelvin Lee, who has served since 2020. Anderson, a managing director at Malaspina Consultants, brings extensive experience in financial and accounting functions, having held CFO roles in various junior public companies since 2010.

To coincide with Anderson's appointment, the company granted him 100,000 options priced at $0.35 per share for five years. Mantaro focuses on gold and silver properties in Bolivia and Peru.

Positive

• Matthew Anderson's extensive experience could bring valuable insights and strategies to enhance financial management.
• The option grant to Anderson aligns incentives with company performance, potentially benefiting shareholders.

Negative

• Change in CFO could lead to continuity concerns regarding financial strategies and existing projects.

VANCOUVER, BC, May 4, 2022 /PRNewswire/ - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the "Company") is pleased to announce the appointment of Matthew Anderson to the position of Chief Financial Officer of the Company. The Company would like to express its sincere appreciation for Mr. Kelvin Lee's dedication and contributions as Chief Financial Officer since it was founded in mid-2020.

Mr. Anderson is a Managing Director with Malaspina Consultants Inc., a private company that provides accounting and administrative infrastructure to junior public companies primarily in the natural resource sector. He has extensive experience in financial and accounting related functions and has served as CFO of various junior public companies since 2010. Mr. Anderson holds a Bachelor of Commerce degree from McGill University and obtained his Chartered Professional Accountant designation in 2008 while articling at a large accounting firm.

In connection with Mr. Anderson's appointment as Chief Financial Officer, the Company has granted a total of 100,000 options at a price of $0.35 per share for a period of five years from the date of grant.

About Mantaro Precious Metals Corp.

Mantaro Precious Metals Corp. is a British Columbia company that holds a diversified portfolio of gold and silver focused mineral properties in Bolivia and Peru. The Company's holds an option to acquire up to an 80% interest in the advanced Golden Hill Property ("Golden Hill"), located in the underexplored, orogenic Bolivia Shield, Bolivia.

The Company also has a 100% interest in the high-grade Santas Gloria Silver Property as well as a 100% interest in each of the San Jose, La Purisima, Cerro Luque and Huaranay Properties (collectively, the "Silver Properties").  The Silver Properties are located in Peru.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Resulting Issuer undertakes no obligation to publicly update or revise forward-looking information. 

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Mantaro Precious Metals Corp.

FAQ

Who has been appointed as the new CFO of Mantaro Precious Metals Corp.?

Matthew Anderson has been appointed as the new Chief Financial Officer of Mantaro Precious Metals Corp.

What experience does Matthew Anderson have relevant to his role at Mantaro Precious Metals Corp.?

Matthew Anderson has extensive experience in financial management and has served as CFO for various junior public companies since 2010.

What options were granted to the new CFO of Mantaro Precious Metals Corp.?

Matthew Anderson was granted 100,000 options at a price of $0.35 per share for a period of five years.

What are the main focuses of Mantaro Precious Metals Corp.?

Mantaro Precious Metals Corp. focuses on gold and silver properties in Bolivia and Peru.