- New management team is led by Mr. Ian Graham – CEO (ex- Rio Tinto / Anglo American) and includes Mr. Michel Robert – Director (former Senior Vice President of Pan American Silver) and Mr. Luis Zapata – Executive Chairman (former Head of Latin America Institutional Equity Sales at Canaccord Genuity and Peru-based).
- Transaction creates a new Peru-focused mine development company.
- Company will look to grow through project advancement and M&A with a focus on advanced and cash-flow mining opportunities.
VANCOUVER, March 9, 2015 /CNW/ - Montan Mining Corp. (TSXv: MNY) ("Montan" or the "Company") is pleased to announce that its common shares will commence trading on the TSX Venture Exchange today under the new trading ticker symbol "MNY".
Montan Mining Corp. was formed upon completion of an amalgamation between Montan Capital Corp. (a Capital Pool Company) and a subsidiary company of Strait Minerals Inc. The Company is focused on advanced and cash-flow mining opportunities in Peru and will look to grow through project advancement and M&A.
The management team of Montan is:
Mr. Ian Graham, B.Sc. (Hons), Geology – CEO and Director
Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American. Formerly Chief Geologist with the Project Generation Group at Rio Tinto located in Vancouver, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American. Ian graduated from the University of Natal (now Kwa-Zulu Natal) in Durban, South Africa with a B.Sc. in Geology and Applied Geology (1984) and B.Sc. (Hons) in Geology (1985).
Mr. Luis F. Zapata – Executive Chairman
Mr. Zapata was previously Partner and Head of Capital Markets at Seminario SAB, Peru's largest independent brokerage firm. Prior to that, he was Head of Latin America Institutional Equity Sales at Canaccord Genuity. Mr. Zapata has structured, financed or participated in over $500M of equity raises for natural resources companies with a focus on connecting Latin American assets with Canadian and global public market financing and listing vehicles. Mr. Zapata is a frequent media commentator on the resource sector in Peru and a dual Canadian/Peruvian citizen fluent in English and Spanish.
Mr. Michel Robert, B.A., B.A.Sc. (Hons), M.A.Sc. (Hons), Mining Engineering - Director
Mr. Michel Robert has over 40 years of professional experience in the mining industry. He previously served for nine years at Teck Corporation as corporate metallurgist, lead engineer and start-up manager. Mr. Robert was also a director of SNC as well as one of three founders of Simons Mining Group (now Amec) and Senior Vice President for Pan American Silver Corp. from 1995 to 2001, where he was responsible for the management of operation in Latin America and the expansion of the company in Peru, Mexico, and Bolivia.
More recently, Mr. Robert was Vice President of Quinto Mining Corp. which was acquired by Consolidated Thompson Iron Mines for C$150 million in 2008 for the Peppler Lake and Lamelee iron deposits. The resources on these two contiguous grass root projects were advanced to a level of slightly more than a billion tonnes in the span of two seasons for less than $5M by Mr. Robert's team.
Mr. Ryan Fletcher, B.A. (Econ) – Acting CFO and Director
Mr. Ryan Fletcher is an entrepreneur and financier with a focus on the mining and mineral exploration space. Mr. Fletcher co-founded Montan Capital Corp. in 2012 with the goal and mandate to identify a strong Qualifying Transaction in the resource and mining space, with a focus on Peru. Most recently, Mr. Fletcher was a Director of Zimtu Capital Corp., a resource investment issuer listed on the Exchange. Mr. Fletcher brings extensive knowledge and experience in public company management, corporate compliance and governance, financing, marketing, and communications and shareholder relations, as well as an energetic and entrepreneurial spirit and passion for the industry. He is a graduate of the University of British Columbia Okanagan with a Bachelor of Arts degree in Economics.
Mr. James S. Borland, B.A. – Director
Mr. James Borland has been involved in the mining industry for more than 25 years. He founded Borland, Levand & Associates in 1998, a firm that has provided management services to the minerals sector including Anvil Mining (acquired by China Minmetals), Blue Pearl Mining (now Thompson Creek Metals) and Glencairn Gold Corp. (acquired by B2Gold). He was Manager of Research Communications for BMO Nesbitt Burns Inc. and VP Investor Relations for Boliden Ltd. He is a graduate of the University of Western Ontario with a Bachelor of Arts degree.
Mr. James Rogers – Project Manager
Mr. James Rogers is a second-generation mineral explorationist and entrepreneur who has been active in the mineral exploration industry since 2007. Mr. Rogers has developed projects in North America and Internationally with Solomon Resources (Exploration Manager), 3H Exploration (Co-Founder) and Longford Exploration Services (President and CEO). James specializes in project generation and focused data mining targeting commercial opportunities and is skilled in the safe and timely execution of field projects.
Alicia Copper Project – Peru:
Montan will advance the Alicia Project in southern Peru with a focus on its high-grade copper potential and provide its shareholders with a platform to seek further advanced and/or cash flow opportunities in the Peruvian mining sector presented by the current malaise in the mining and resource market.
Montan holds a 100% interest in the 26-sq-km Alicia Property, subject to a 2% NSR, which is located in the Andahuaylas-Yauri metallogenic belt of southeastern Peru, a Tertiary-aged belt of porphyry and skarn deposits extending for over 300 km in a northwest-southeast direction.
The belt contains more than 30 porphyry and skarn deposits and prospects, several of which are being mined or are under development including Tintaya (Glencore), Las Bambas (MMG), Antapaccay (Glencore), Haquira (First Quantum) and Constancia (Hudbay) and has emerged as one of the most active copper exploration and development regions of Peru, as well as on a global basis.
The property has approximately $5 million of recent spending by Teck and Strait Minerals Inc. and gives Montan a solid entry into Peru.
Montan has 19,728,259 shares outstanding and approximately C$1 million cash. Full details on the share structure is available on the website: http://www.montanmining.ca
Montan has also approved the issuance of 825,000 incentive stock options of which 600,000 have been allocated to Directors and Officers. The options are exercisable at $0.15 per common share for a period of 5 years from the issuance.
MONTAN MINING CORP.
CEO and Director
Ph: +1 604 671 1353
About Montan Mining Corp.
Montan Mining Corp. (TSXv: MNY) is positioned for growth in Peru through the acquisition and development of advanced and/or cash flow mining opportunities. Montan is backed by an experienced and high-energy management team with diverse technical, market and finance strengths and expertise and is supported by committed and sophisticated investors focused on building value for the long term.
For more information, please visit the corporate website at http://www.montanmining.ca or contact:
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 news release.
Cautionary Note Regarding Forward-Looking Statements Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include statements regarding the future plans of Montan Mining. With respect to forward looking statements and information contained herein, we have made numerous assumptions, including assumptions about our ability to complete further tranches of the concurrent financing. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the resulting issuer's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include discrepancies between actual and estimated mineral resources, subjectivity of estimating mineral resources and the reliance on available data and assumptions and judgments used in the interpretation of such data, speculative and uncertain nature of exploration, exploration costs, capital requirements and the ability to obtain financing, volatility of global and local economic climate, share price volatility, estimate price volatility, changes in equity markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral exploration industry. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the resulting issuer. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.
SOURCE Montan Mining Corp.
For further information: Investor Contacts: Ryan Fletcher, Director, Ph: +1 604 999 5603, Email: firstname.lastname@example.org; Peru / South America: Luis Zapata, Executive Chairman, Peru: +51 980 782 111, Canada: +1 604 358 1382, Email: email@example.com