TORONTO, ONTARIO--(Marketwired - July 7, 2016) -
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Latin American Minerals ("LAT" or the "Company") (TSX VENTURE:LAT) today announced a new investor relations program aimed at broadening the corporation's investor base and enhancing on-going investor communications.
The primary communications objective will be to increase investor awareness of LAT's strategic advantages as a fully permitted, cash flow producing gold mine and an international exploration company with a portfolio of high potential projects.
Latin American minerals has retained the services of Leo Karabelas of Focus Communications of Toronto, Ontario ("Focus"), to provide a range of investor relations, market awareness and consulting services to the Company. Mr Karabelas will work with the new management team to support Latin American Minerals with interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community.
Focus will receive fees of $2,500 per month. In addition LAT will grant options for the purchase of 350,000 common shares at an exercise price of $0.10 per share, vesting quarterly over 12 months and expiring after two years.
Leo Karabelas commented, "I look forward to the news stream from the resumption of commercial production and the start of the new 10,000 meter drill program at the Paso Yobai gold project in Paraguay, Basil and his team have done an excellent job funding the company and I look forward to being part of the success."
The appointment of Mr. Karabelas is subject to the requisite filings with and acceptance of the TSX Venture Exchange and applicable securities.
About Focus Communications
Focus Communications is a private Toronto based firm, specializing in investor relations, corporate communications and market awareness services. Utilizing its extensive database of private investors, brokers, analysts and fund managers, Focus provides customized investor relations solutions for its clients. Focus implements a proactive and "one on one" approach in managing relationships between clients, their shareholders and the investment community for positive, long term relationships.
About Latin American Minerals
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession. Management has identified six gold zones for drill testing on the Company's adjacent exploration claims, which is part of the Company's 15,020 hectare Paso Yobai gold project.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.