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 Western Australia.
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: