Apogee Announces Management Changes and Provides Corporate Update
02 Juin 2014 - 1:30PM
Marketwired
Apogee Announces Management Changes and Provides Corporate Update
TORONTO, ONTARIO--(Marketwired - Jun 2, 2014) - Apogee Silver
Ltd. ("Apogee" or the "Company") (TSX-VENTURE:APE) announces that
it has received and accepted the resignation of Neil Ringdahl,
Chief Executive Officer. Mr. Ringdahl is departing the Company in
order to pursue new opportunities, however, he will continue to
assist Apogee to ensure an orderly transition.
"On behalf of the Board of Directors, my colleagues at Apogee,
and our shareholders, we want to thank Neil for the contributions
he has made to Apogee over the years including the completion and
delivery of the Pulacayo Project Feasibility Study.", said G. Scott
Paterson, Chairman of Apogee.
The Company has appointed Jennifer Wagner, a corporate
securities lawyer and current Corporate Secretary of the Company as
Interim Chief Executive Officer effective today. Ms. Wagner has
been working as legal consultant and Corporate Secretary to various
publicly traded companies in the mining industry since 2008. Prior
to 2008, Ms. Wagner practiced securities law at a large Toronto law
firm. Ms. Wagner obtained her Bachelor of Laws from the University
of Windsor and received a Bachelor of Arts from McGill
University.
Ms. Wagner will utilize her knowledge of the Company to work
with management to implement a turnaround plan for Apogee in the
coming months. The restructuring plan involves the proposed share
consolidation to be approved by shareholders at the Company's
upcoming annual and special general meeting on June 17th, 2014; the
settlement of certain debts relating to accounts payable; and the
reduction of current expenditures.
About Apogee Silver
Ltd
Apogee Silver Ltd. is a mineral exploration and development
stage company listed on the TSX Venture Exchange under the symbol
APE. Apogee targets advanced, high grade silver-zinc-lead projects
in South America. Currently its projects are located in the
historic silver producing regions of southwest Bolivia and northern
Chile.
Apogee's most advanced project is the 100% controlled Pulacayo
Paca project in Bolivia for which a positive feasibility study has
been completed. The Company also has additional properties in
Chile.
Cautionary Note Regarding Forward-Looking
Information:
This press release contains "forward looking information"
within the meaning of applicable Canadian securities legislation.
Forward looking information includes, but is not limited to,
statements, projections and estimates with respect to management
changes, proposed timeline regarding the Company's restructuring
activities, the potential effect of the proposed management and
corporate changes, the impact and anticipated timing of future
developments with respect to the Company's properties and proposed
financing activities, the future financial or operating performance
of the Company, its subsidiaries and its projects, the development
of and the anticipated timing with respect to the Pulacayo-Paca
project, the ability to obtain financing and/or financial partners;
and the impact of concerns relating to permitting, governmental and
local community relations. Generally, forward looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Estimates underlying the results of the feasibility
study arise from engineering, geological and costing work of TWP
Sudamerica, Mercator Geological Services, P&E Mining
Consultants and the Company. See the technical report relating to
the feasibility study for a description of all relevant estimates,
assumptions and parameters. Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of
current exploration activities; other risks of the mining industry
and the risks described in the annual information form of the
Company. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
Apogee Silver Ltd.Jennifer WagnerInterim Chief Executive
Officer+1 (416)
861-2269info@apogeesilver.comwww.apogeesilver.com
Apogee Silver Ltd. (TSXV:APE)
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