Toronto Ontario December 1 2015 - Batero Gold Corp. ("Batero" or the "Company") (TSX-V: BAT) is pleased to announce that Juan David Uribe has been appointed Chairman of the Board of Directors. Mr. Uribe is currently a director of Batero Gold Corp. Additionally the board of directors has appointed Alvaro Espinoza as Executive Vice President of Batero Gold Corp. Both appointments take effect immediately.
"I am looking forward to bringing my significant Colombian mining and business experience to Batero in the newly created position of Chairman of the Board of Directors " stated Juan David Uribe. " Mr. Espinoza￢ﾀﾙs achievements in mining and mining finance will be an asset to Batero as the company continues to seek accretive acquisitions with our strong treasury position and move the company towards production decisions. We have been working with Red Eagle to determine the next steps regarding managing CB Gold and the Vetas deposit".
Batero continues to advance the La Cumbre deposit with the goal of commencing an exploration drilling program in December 2015. Logan Drilling has been contracted for 3000 meters of diamond drilling and the program is aligned with the exploitation and exploration program approved by Administrative Act PARMZ 605 of October 9 2015 by the National Mining Agency."
Batero￢ﾀﾙs commitment to social responsibility continues with joint programs in the Quinchia area with the participation of CIDA (Canadian Agency for International Development) and IOM (International Organization for Migration).
On behalf of the Batero Board of Directors
Juan David Uribe
Batero Gold Corporation
For further information please contact:
Tel: 604.568.6378 or
Batero is a precious and base metals exploration and development company focused on moving the La Cumbre oxide deposit toward a production decision. Once the appropriate level of study has been completed Batero intends to target the near surface higher grade oxidized gold mineralization at the deposit. Batero is also pursuing opportunities to acquire prospective high-grade production focused mineral properties in Colombia and Latin America. In pursuing these objectives Batero plans to leverage its secure treasury position strong regional relationships experienced management team and long-term financial partners. Common shares of the company trade on the TSXV under the symbol "BAT".
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.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within other than statements of historical fact are to be considered forward looking. Any statements or information that express or involve discussions with respect to intentions predictions expectations beliefs plans projections objectives assumptions or future events or performance (often but not always using words or phrases such as "expects" "anticipates" "believes" "plans" "estimates" "intends" "targets" "goals" "forecasts" "objectives" "potential" or variations thereof or stating that certain actions events or results "may" "could" "would" "might" or "will" be taken occur or be achieved or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information and are intended to identify forward-looking information.
Although Batero believe the expectations expressed in such forward-looking statements are based on reasonable assumptions such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices exploitation and exploration successes continued availability of capital and financing and general economic market or business conditions. There can be no assurances that such statements will prove accurate and therefore readers are advised to rely on their own evaluation of such uncertainties. Forward-looking statements and information are subject to a variety of known and unknown risks uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information. Such factors include among others risks relating to the completion of the transactions described herein; risks relating to property interests; the global economic climate; metal prices; dilution; environmental risks and non-governmental actions.
Batero's forward-looking statements and information are based on the assumptions beliefs expectations and opinions of management as of the date of this press release and other than as required by applicable securities laws Batero does not assume any obligation to update forward-looking statements or information in the event that circumstances or management's assumptions beliefs expectations or opinions should change or there should occur or develop changes in any other events affecting such statements or information. For the reasons set out above investors should not place undue reliance on forward-looking statements and information. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.