TORONTO, Jan. 24, 2014 /CNW/ - Red Tiger Mining Inc., (TSXV:RMN), (the "Company" or "Red Tiger") today reported that the Board of Red Tiger is pleased to announce new Director and Executive Management appointments. Mr. Robert (Bob) Wunder has been appointed President and Chief Executive Officer and a Director of the Board. Bob is a seasoned mining executive with 37 years of international operations and executive experience, including open pit mining at some of the largest operations in the world.
Dr. Thomas Utter, who managed the ramping up of production at the Company's wholly owned Luz del Cobre Copper mine (San Antonio Property, Sonora, Mexico) to a record level in the 4th Quarter of 2013 of 1,783 tonnes of Comex Grade 1 Copper, continues serving the Company as Chairman of the Board with special responsibilities related to the exploration of the San Antonio Property and the possible extension of the Luz del Cobre deposit, and will assist Management in overseeing the relations with the Mexican Government authorities and local commercial business relations.
Mr. David Lurie has resigned from the Board and will continue serving as Chief Financial Officer of the Company. The Company thanks Mr. Lurie for his tenure as a Director.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains regulatory approval, future metal prices and the demand and market outlook for metals. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's latest management discussion and analysis filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
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 release.
SOURCE: Red Tiger Mining Inc.
For further information: Red Tiger Mining Inc., 20 Toronto Street, 12th Floor, Toronto, ON, M5C 2B8, Fax: 416-367-3638, [email protected], www.redtigermining.com; Dr. Robert Wunder, President and CEO, Tel.: +1 52 662 311 8839, [email protected]; David Lurie, CFO and Secretary, Tel.: 416-637-1517 x 107, [email protected]