Business
Virgin Metals Announces New Chief Executive Officer
TSX Symbol: VGM Shares Outstanding: 102,107,436
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\nTSX\nSymbol: VGM\nShares Outstanding: 102,107,436\n\n\nTORONTO, July 29 /CNW Telbec/ - Virgin Metals Inc. ("Virgin Metals" or\nthe "Company") is pleased to announce that the Board of Directors of the\nCompany has appointed Lucas Ewart as Chairman and Chief Executive Officer.\nVirgin Metals' previous CEO, Chris Davie, has agreed to stay on in the role of\nPresident on terms to be defined after finalization of the termination\nagreement he has entered into with respect to his previous consulting\nagreement with the Company. In the termination agreement, Chris Davie has\nagreed to waive a termination payment.\n\n\nThe new management of the Company and the newly appointed board of\ndirectors look forward to updating shareholders on the progress of the Company\nin the coming weeks.\n\n\nAbout Virgin Metals\n\n\nVirgin Metals is a junior exploration and development company; its\nprojects include two copper-molybdenum porphyry properties in Sonora, northern\nMexico. One of these, Los Verdes, has been the subject of a pre- feasibility\nstudy and is expected to evolve rapidly towards production while the other,\nCuatro Hermanos, has been the focus of an intense exploration effort.\n\n\nFORWARD-LOOKING STATEMENTS\n\n\nThis press release includes certain "forward-looking information" within\nthe meaning of the Securities Act (Ontario), including, but not limited to,\nstatements as to: development of the Los Verdes project; future exploration of\nthe Cuatro Hermanos project; timing and extent of exploration programs; and,\nthe availability of exploration results. As such, forward-looking information\naddresses future events and conditions and so involves inherent risks and\nuncertainties, as disclosed under the heading "Risk Factors" and elsewhere in\nVirgin Metals documents filed from time to time with the Ontario Securities\nCommission and other regulatory authorities. Actual results could differ\nsignificantly from those currently projected as a result of, among those\nfactors, adverse weather, regulatory changes, delays in receiving permits,\naccidents and delays in completing exploration activities not all of which are\nin the control of Virgin Metals. The forward-looking information contained\nherein is Virgin Metals reasonable estimate today of future events and\nconditions, but no assu...