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Plata Latina Announces Management Update

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Plata Latina Minerals announced the appointment of Letitia Wong as President and CEO, effective July 15, 2024. Ms. Wong brings 20 years of experience in corporate development, strategic transactions, and finance within the mining industry. She has served in significant roles at companies like Copper Mountain Mining and Brio Gold Inc., showcasing her expertise in leading companies through acquisitions. Ms. Wong will guide Plata Latina through its strategic review process. The former interim CEO, Mr. Clausen, will assume the role of Executive Chair.

Positive
  • Appointment of Letitia Wong, with 20 years of industry experience, as President and CEO.
  • Ms. Wong's expertise in strategic transactions and corporate development could lead to potential company growth.
  • Ms. Wong led significant roles in several companies during successful acquisitions, indicating strong leadership.
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  • None.

Vancouver, British Columbia--(Newsfile Corp. - July 12, 2024) - Plata Latina Minerals Corporation (TSXV: PLA) ("Plata Latina" or the "Company") is pleased to announce the appointment of Ms. Letitia Wong as President and CEO, effective July 15, 2024. Ms. Wong will lead the Company through its strategic review process and will continue to serve on the Board of Directors. Mr. Clausen, formerly interim CEO, will remain with the Company as Executive Chair.

Ms. Wong has been with Plata Latina since its inception, initially in management roles and most recently as a member of the Board of Directors and the Audit Committee. She brings 20 years of experience in strategy, corporate development, strategic transactions, capital markets, finance, and corporate governance within the mining industry. Most recently, she served as Chief Financial Officer at Copper Mountain Mining Corporation before its acquisition by Hudbay Minerals Inc. in 2023. Previously, she was Executive Vice President of Corporate Development and Corporate Secretary at Brio Gold Inc., which was acquired in 2018. Ms. Wong has also held the position of Vice President of Investor Relations at Augusta Resource Corporation (acquired in 2014) and Ventana Gold (acquired in 2011).

She holds a Bachelor of Commerce degree in Finance from the Sauder School of Business at the University of British Columbia and is a CFA Charterholder.

About Plata Latina Minerals

Plata Latina Minerals was a Canadian exploration company which was in the business of exploring and evaluating mineral property assets, principally in Mexico. The Company has since sold or relinquished its interests in four Mexican mineral properties and is undergoing a strategic review process, which includes capitalizing on the value of the Company as a clean listed shell with modest cash and cash flow. Following the completion of an option agreement in 2020 where the Company sold its Naranjillo Property to Fresnillo for a total of US $2,150,000 over three years, Plata Latina currently receives advance royalty payments of US $100,000 until the earlier of (i) US $1,000,000 of advance royalty payments have been paid, or (ii) Naranjillo commences commercial production of minerals. The Company also was granted a 3% net smelter return royalty.

For more information, please contact:

Patricia Fong
Chief Financial Officer
Telephone: +1 800 933 9925
Email: info@plminerals.com

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/216381

FAQ

Who is the new CEO of Plata Latina Minerals as of July 15, 2024?

Letitia Wong is the new CEO of Plata Latina Minerals, effective July 15, 2024.

What experience does Letitia Wong bring to Plata Latina Minerals?

Letitia Wong brings 20 years of experience in corporate development, strategic transactions, finance, and corporate governance within the mining industry.

What was Letitia Wong's most recent position before joining Plata Latina Minerals?

Letitia Wong was the Chief Financial Officer at Copper Mountain Mining before it was acquired by Hudbay Minerals Inc. in 2023.

What role will Mr. Clausen take after the appointment of the new CEO at Plata Latina Minerals?

Mr. Clausen will remain with Plata Latina Minerals as Executive Chair.

PLATA LATINA MINERALS CRP

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