Acero-Martin Announces Changes to Board of Directors
06 Fevereiro 2008 - 4:10PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ASD)(FRANKFURT: AMX)
is pleased to announce that Mr. Victor L. McCall and Mr. Don Currie
have been appointed to the Company's Board of Directors.
Mr. Victor L. McCall, B.B.A, J.D. is the founder and owner of
the McCall Law Firm, P.C., a Fort Worth, Texas based legal practice
that specializes in mergers and acquisitions. Mr. McCall holds a
Bachelor of Business Administration degree from Southern Methodist
University (Dallas, Texas) and obtained his Juris Doctor from the
Baylor School of Law (Waco, Texas). Currently, Mr. McCall is an
active member of the Texas State Bar. Prior to founding his legal
practice, Mr. McCall was a partner of Buchholz & McCall, P.C.
where he was responsible for litigation of tort and commercial
cases, including class actions, negligence, and business disputes.
Mr. McCall's extensive legal, corporate and commercial business
experience will be an asset to the board.
Mr. Don Currie has more than a decade of experience in raising
capital and marketing resource exploration companies. This includes
particular expertise with private and public early stage growth
companies where he boasts strong connections with money managers,
analysts, investment bankers, and retail stockbrokers. In the past,
Mr. Currie has consulted for companies in the metals and minerals
and oil and gas sectors and has assisted companies with marketing
campaigns, management issues, strategic planning and corporate
finance. Known for his strong communication skills, Mr. Currie's
network of contacts within the financial community and the resource
media extends across North America and Europe.
To make room on the Board for Mr. McCall and Mr. Currie, Mr.
Greg Hall and Dr. David Stone have agreed to step down as members
of the Board. The Company would like to thank Mr. Hall and Dr.
Stone for the valuable insights and experience they made available
to the Company during their tenures as Board members. The Company
wishes them every success in their future endeavors.
The Company further announces that, subject to regulatory
approval and pursuant to the Company's stock option plan, it has
granted incentive options to certain Directors and Consultants to
acquire up to a total of 2,000,000 common shares of the Company.
Each option permits the holder to purchase one common share of the
Company at an exercise price of C$0.30 per share for a period of 5
years from the date of grant.
About Acero-Martin Exploration Inc.
Acero Martin's 100%-owned Pinaya project hosts one of Peru's
newest and richest copper-gold porphyry/skarn deposits. The project
is located approximately 110 km northeast of Arequipa and is
favoured with excellent nearby mining infrastructure.
In September of 2006, based on the first 70 holes drilled, an
initial independently calculated NI 43-101 resource estimated that
Pinaya hosts an Indicated Resource of 29.13 million tonnes grading
0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72
million tonnes grading 0.41 g/t gold and 0.41% copper. This equates
to approximately 498,000 troy ounces of gold and 269,000,000 pounds
of copper in the Indicated category, and 168,000 troy ounces of
gold and 115,000,000 pounds of copper in the Inferred.
Drilling since the release of the initial resource continues to
work to expand the size of the deposit and test new zones of
mineralization. Alongside the drilling the company is currently
completing a preliminary economic assessment ("scoping study") to
determine the potential for, and economic parameters of, developing
a starter open pit mining operation. Acero-Martin trades on the
TSX-Venture exchange under the symbol ASD and the Frankfurt stock
exchange under the symbol AMX.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43- 101 and reviewed on behalf of the Company
by Cary Pothorin, P.Geo, Acero-Martin's Vice President of
Exploration, a qualified person.
ON BEHALF OF THE BOARD
Don Currie, President and CEO
This news release has been prepared by management.
This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or achievements implied by
these forward looking statements. We seek safe harbor.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Acero-Martin Exploration Inc. Investor Relations
1-877-646-0067 (604) 646-0640 (FAX) Email: info@acero-martin.com
Website: www.acero-martin.com
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