VANCOUVER, Oct. 21, 2014 /CNW/ - El Tigre Silver Corp. ("El Tigre" or the "Company") (TSXV: ELS) (Frankfurt: 5RT) (OTCQX: EGRTF) The Board of Directors is pleased to announce the appointment of Wade Anderson to the newly created role of co-CEO. Mr. Anderson will share the position of co-CEO with El Tigre's current CEO and President, Stuart Ross.
Mr. Anderson joined El Tigre as a Director in 2010. In his new role as co-CEO, Mr. Anderson's responsibilities will include oversight of financial and capital markets activities as well as managing the execution of the Company's strategic growth plan. Mr. Ross, as co-CEO will continue to be responsible for day-to-day operations.
Mr. Anderson has been a chartered accountant for over 20 years. Anderson graduated from the University of Saskatchewan with a Bachelor of Commerce degree in 1987. He worked for an international accounting firm in Saskatoon, Saskatchewan and Toronto, Ontario performing assurance engagements for both private and public companies. His range of experience includes a number of large auditing engagements for public companies, which included chartered banks as well as one of the world's largest uranium producers. For the last 15 years, Mr. Anderson operated an accounting firm specializing in owner managed enterprises in Western Canada. Currently, he serves as the chief financial officer for a privately held group of companies.
"Wade's contributions as a member of El Tigre's Board of Directors have played a large part in the Company's development and success," stated Ross, co-CEO. "I am very pleased to have him join me as co-CEO."
Anderson added: "Mr. Ross has served El Tigre exceedingly well playing a pivotal role in getting the company to its current level of opportunity. El Tigre has made tremendous progress, highlighted by the initial resource and production project outlined in the NI-43-101 Technical Report Preliminary Feasibility Study for The El Tigre Silver Project Sonora, Mexico filed on SEDAR August 15, 2013."
"Furthermore, we feel extremely competitively positioned to capitalize on our assets via the appointment of our expanded executive team and board; most notably with the appointment of John Bluher and Patrick Avery; through which bring expansive knowledge and experience to our team, within the areas of global finance, commodities, and global exploration and mining operations. I look forward to working with Stuart and the rest of the El Tigre team to fully capitalize on our short-term production opportunity as well as rapidly build the in-situ resource in Mexico, with the objective of fully realizing shareholder value."
About El Tigre
The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions, eight comprising of 215 square kilometres located in north-eastern Sonora, Mexico (the "El Tigre Property"), and approximately 90 kilometres south of the US-Mexico border. El Tigre also holds one additional 32 hectare claim separate from the El Tigre Property. A NI 43-101Technical Report Preliminary Feasibility Study has been prepared for the El Tigre Silver Project and can be found on the Company's profile on SEDAR at www.sedar.comand on the Company's website at www.eltigresilvercorp.com.
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include amount and use of proceeds from the offering. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. 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 press release.
SOURCE: El Tigre Silver Corp.