Eurotin Inc.

September 29, 2011 11:52 ET

Eurotin Inc. Announces Appointment of New CFO and European IR Representative

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2011) - Eurotin Inc. (TSX VENTURE:TIN) ("Eurotin" or the "Company") is pleased to announce that, subject to the approval of the TSX Venture Exchange, it has appointed Carlos Pinglo as Chief Financial Officer and Corporate Secretary of the Company effective September 27, 2011.

Mr. Pinglo is an economist with over 20 years senior management experience working with both private and public companies in corporate finance, strategic planning, financial reporting and mergers and acquisitions. The majority of his career has been spent in Latin America and Canada. Mr. Pinglo has previously held a number of senior finance roles, including Chief Financial Officer at Medoro Resources Ltd., Vice President, Finance at Pacific Coal Resources Ltd., Controller of both Silver Eagle Mines Inc. and Excellon Resources Inc. and a member of the Board of Directors of Mineros Nacionales S.A.

Peter Miller, the President and Chief Executive Officer of Eurotin, stated that "We are extremely pleased to have Carlos join us at this important stage of Eurotin's development. I am confident that his background with other international mineral exploration companies, along with his proficiency in the Spanish language, will significantly assist the Company in his new role as Chief Financial Officer and Corporate Secretary. We look forward to Mr. Pinglo's ongoing contributions during this next phase of our growth."

Harvey McKenzie, Eurotin's current Chief Financial Officer and Corporate Secretary, is resigning concurrently with Mr. Pinglo's appointment but remains available to assist Mr. Pinglo with any transition issues in the coming weeks. Eurotin would like to sincerely thank Mr. McKenzie for his contributions to the Company.

Eurotin is also pleased to announce the appointment of Outsource Services Limited of London, England ("Outsource") as its European investor relations representative. Outsource has extensive experience with a number of junior companies, both in mining and other sectors.

Outsource will be responsible for all aspects of the Company's Investor Relations program with respect to European matters. Their objective is to create effective communication between the Company, its shareholders and the investment community in Europe.

In consideration for their services, the Company will pay Outsource a fee of $6,000 per month plus reimbursement of all related expenses which shall continue indefinitely until either party gives 90 days written notice of termination. The Company will also grant Outsource stock options to purchase up to 175,000 common shares of the Company at an exercise price of $0.85 per share. Outsource currently holds or has control or direction over 62,500 common shares and 62,500 warrants to purchase common shares in the capital of the Company. The appointment of Outsource remains subject to the approval of the TSX Venture Exchange.

Forward looking statements

This press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on the expectations of the Company as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to, the timing and approval of the appointments mentioned herein and changes in the laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention, nor obligation, to update the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

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.

Contact Information

  • Eurotin Inc.
    David Danziger
    (416) 626-6000