HAYDEN, ID, May 1, 2013 /CNW/ - Americas Bullion Royalty Corp. (TSX: AMB) (the "Company") is pleased to announce that effective immediately Paul
H. Zink, Chief Executive Officer, has been appointed to the Company's
Board of Directors.
Mr. Paul H. Zink, Director & Chief Executive Officer
Mr. Zink brings more than 30 years of experience in the financial and
extractive industries. From 2008-2010, Mr. Zink served as President and
Director of International Royalty Corporation ("IRC") and was a key
member of the senior management team that negotiated IRC's successful
sale to Royal Gold, Inc. in February, 2010. Following the sale of IRC
to Royal, Mr. Zink served as the President of Eurasian Capital until
joining Americas Bullion as its Chief Executive Officer. He began his
career in the metals and mining industry with a 17-year tenure at J.P.
Morgan & Co., Inc., where he performed merger and acquisition analysis,
banking and project finance advisory work for European mining
companies, and sell-side equity research on U.S. mining stocks. His
extractive industry experience includes managing Pegasus Gold, Inc.'s
acquisition efforts and serving as Chief Financial Officer for Koch
Mineral Services, a unit of Koch Industries Inc. Mr. Zink also serves
on the Board of Directors for Atna Resources Ltd.
International Royalty Corporation (IRC) was a global mineral royalty
company engaged in the acquisition and creation of natural resource
royalties which was acquired by Royal Gold, Inc. for approximately $700
million in 2010. IRC held approximately 85 royalties including a 2.7%
NSR on the Voisey's Bay nickel-copper-cobalt mine owned by Vale INCO
NL, a sliding scale NSR on the Chilean portion of Barrick's Pascua-Lama
project, and a 1.5% NSR on over three million acres of gold lands in
The Company also announces that Mr. John Legg has resigned from the
Board of Directors effectively immediately. The Company thanks Mr. Legg
for his years of service.
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. focuses on acquiring precious metal
royalties and streaming assets which provide revenue as well as lower
risk exposure to shareholders through project diversity in stable,
mining-friendly jurisdictions. The Company's existing portfolio is
highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold
Rock deposits, as well as 2 separate royalties encompassing more than
34 square miles at Barrick Gold's Bald Mountain project in Nevada.
The Company holds additional royalties including Net Smelter Return
Royalties on the Taylor Silver project and a portion of the Tonkin
Springs project also in Nevada. The Company's royalty holdings comprise
more than 100,000 acres located primarily in Nevada, with 7 of the
projects located in Wyoming, Oregon, California and Mexico. Current
royalty revenue is expected to accelerate as early as 2014 as several
of these projects commence production. Americas Bullion Royalty Corp.'s
prime royalty portfolio is unique in the mineral development industry
due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash), its possession of gross royalties
with no exposure to operator cost, as well as its security of title
with no buyback or buyout provisions.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and
Americas Bullion's plans and objectives to differ materially from those
expressed in the forward-looking information. Actual results and future
events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the
dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Americas Bullion assumes no
obligation to update forward-looking information should circumstances
or management's estimates or opinions change.
SOURCE: Americas Bullion Royalty Corp.
For further information:
Americas Bullion Royalty Corp.
Janet Lee-Sheriff, Vice President Communications and First Nation Relations