Business
Montan Mining Corp. to be Rebranded as Fidelity Minerals Corp.
(via TheNewswire) Vancouver, BC / TheNewswire / January 18 th , 2019 - Montan Mining...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Montan Mining Corp. to be Rebranded as Fidelity Minerals Corp.(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / January 18th, 2019 - Montan Mining Corp. (TSX-V: MNY | FSE: S5GM | SSE: MNYC) (\"Montan Mining\" or the \"Company\") announces that the Company will change its name to Fidelity Minerals Corp. (\"Fidelity Minerals\") subject to the acceptance by the TSX Venture Exchange. The new name of the Company is inspired by the Company's belief in the mining and minerals sector and jurisdiction of activity, the loyal support of our shareholder base, and our determination to prevail in growing a mineral production and value accretive project generation and earnings platform.\n\n\n \n\"Fidelity Minerals is underpinned by a world-class appraisal stage project - the Greater Las Huaquillas Project - that provides the Company with a transformative near-term growth platform, and our Cerro Dorado project which has been largely capitalized and is permitted for near-term gold production. These comprise amazing opportunities that have been assembled during a period of a focussed restructuring. As we relaunch the Company at the January 2019 Vancouver Resource Investment show (Booth # 839) and as our growth plans unfold, we are optimistic the market will recognise the substantial intrinsic value embedded in Fidelity Minerals, hopefully resulting in our rerating more in line with the valuations of our larger peers\" said Ian Graham, CEO of Fidelity Minerals.\n\n\n \nFidelity Minerals will be listed on the TSX Venture Exchange and will transition to the trading symbol: FMN once the name change is finalized. There will be no structural change to the number of shares issued and outstanding. Fidelity will, shortly following the rebranding, issue certain shares to close the acquisition of the core Las Huaquillas project (refer the earlier News Release of today, January 18th, 2019).\n\n\n \n\"Notwithstanding the potential of the Greater Las Huaquillas project, Fidelity Minerals is targeting the near-term restart of Cerro Dorado, our gold mill operation at Caravelli in Southern Peru. The planned restart will provide us with a non-dilutionary funding pathway, and will capitalise on the Peruvian team, led by Mr Jose Luis Garcia, who led the operational growth of one of the largest private gold mill operators in Peru for over a decade\" said Luis Za...