Board Appointment and Corporate Update
2014年4月4日 - 10:01PM
Marketwired
Board Appointment and Corporate Update
LIBERTY LAKE, WASHINGTON--(Marketwired - Apr 4, 2014) - Hunt
Mining Corp. ("Hunt" or the "Company") (TSX-VENTURE:HMX) announces
the appointment of Alastair Summers to the Board of Directors and
to the Company's Audit Committee. Mr. Summers is a Professional
Engineer graduated from the University of British Columbia with a
Bachelor of Science (Mining Engineering). Mr. Summers was Vice
President and General Manager of Hecla Mining Company's operations
in Mexico and Venezuela. He was personally responsible for building
mines for Hecla including La Choya and San Sebastian in Mexico. Al
Summers also prepared the feasibility study for the Stillwater
Platinum-Palladium Mine. Mr. Summers worked for Paramount Gold and
Silver Corp. at its San Miguel Project in Mexico from 2007 to 2009.
Al Summers will bring tremendous insight to the Company as it
analyses near-term potential for development in Argentina. This
appointment is subject to TSX Venture Exchange approval.
The Company announces that the notes to its interim financial
statements for the nine months ended September 30, 2013 contained
an error. Specifically, Note 13 (Related Party Transaction)
incorrectly disclosed that the balance owed to the Company by
HuntMountain Resources Ltd., a company controlled by a related
party to the Company, was $114,408 and that the Company was
doubtful of the collectability of this receivable as of September
30, 2013. The disclosure was incorrect and the note should have
stated:
"In conjunction with the Company's Qualifying Transaction,
on December 23, 2009, the Company advanced $200,000 to
HuntMountain, CCSA's former parent corporation, as a refundable
deposit. As at the period ended September 30, 2013, the balance
owed by HuntMountain to the Company was $114,408 (December 31, 2012
- $114,408). The Company has contacted HuntMountain's management
and has confirmed that any outstanding balances will be collected
by December 31, 2014."
The correction will be included in the Company's audited
financial statements for the year ended December 31, 2013. Any
outstanding balances owed to the Company from the related party, if
any, will be satisfied by December 31, 2014.
The Company would also like to report the granting of up to five
million incentive stock options to certain directors and officers
at 10 cents a share, exercisable for a five-year period.
About Hunt Mining
Hunt Mining Corp. is at the start of a 5 thousand meter drill
campaign and has continued to develop its properties as an active
and aggressive explorer in Santa Cruz since 2006. During that time,
Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed
exploration activity including approximately 57,000 meters of HQ
core drilling, 416 line kilometers of Induced Polarization
geophysical surveys and more than 20,000 surface soil, sediment,
channel, chip, and trench samples. Historical results and
additional information can be viewed at www.huntmining.com.
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 contains forward-looking statements. The
Company has provided the forward-looking statements in reliance on
assumptions that it believes are reasonable at this time. The
reader is cautioned that the assumptions used in the preparation of
the forward-looking statements may prove to be incorrect. All such
forward-looking statements involve substantial known and unknown
risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation,
delays resulting from or inability to obtain required regulatory
approval. The actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurances can be
given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do, what
benefits, including the amount of proceeds, the Company will derive
therefrom. Readers are cautioned that the foregoing list of factors
is not exhaustive.
Hunt Mining Corp.Bob LittleChief Financial Officer(509) 290
5659blittle@huntmining.comwww.huntmining.comHunt Mining Corp.Dean
StuartInvestor Relations(403) 517
2270dstuart@huntmining.comwww.huntmining.com
Hunt Mining (TSXV:HMX)
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