Chilean Metals Announces Management Reorganization

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[{"type":"text","content":"Chilean Metals Announces Management Reorganization(via TheNewswire)\n\n \nToronto, ON / TheNewswire / March 14, 2018 - Chilean Metals Inc. (\"Chilean Metals,\" \"CMX\" or the \"Company\") (TSX.V:CMX, OTCQB: CMETF, SSE:CMX, MILA: CMX). \n\n\n \nToronto based Chilean Metals Inc. announced today that Patrick Cruickshank and Gary Lohman have resigned their respective positions as the Company's Chief Executive Officer and VP Exploration with effect on February 28, 2018 in order to focus their attention on other mineral interests in Nova Scotia, in particular the cobequid fault projects in the area. Mr. Cruickshank and Mr. Lohman will remain as board members of the Company until the Company's next AGM. Current Chilean Metals chairman Terry Lynch will replace Mr. Cruickshank as the Company's CEO.\n\n\n \nTerry Lynch, Chilean Metals chairman and new CEO commented, \"We would like to thank Patrick and Gary for their services to the Company. We look forward to continuing to work with them on our board and in promoting and developing cobequid fault projects in Nova Scotia, which will greatly benefit the Company's Nova Scotia projects, including the Bass River project.\"\n\n \n \nMr. Cruickshank and Mr. Lohman have each have agreed to the cancellation of all of their respective Company stock options effective February 28, 2018. Chilean Metals has agreed to issue 1,333,333 Company shares to Mr. Cruickshank and 666,667 Company shares to Mr. Lohman as consideration for their past services and the cancellation of their stock options. The issuance of the Company shares to Mr. Cruickshank and Mr. Lohman are subject to TSX Venture Exchange approval and will bear a hold period of 4 months from issuance. \n\n \n \nAbout Chilean Metals,\n\n\n \nwww.chileanmetals.com/\n\n\n \nChilean Metals Inc. is a Canadian Junior Exploration Company focusing on high potential Copper Gold prospects in Chile & Canada.\n\n\n \nChilean Metals Inc is 100% owner of five properties comprising over 50,000 acres strategically located in the prolific IOCG (\"Iron oxide-copper-gold\") belt of northern Chile. It also owns a 3% NSR royalty interest on any future production from the Copaquire Cu-Mo deposit, recently sold to a subsidiary of Teck Resources Inc. (\"Teck\"). Under the terms of the sale agreement, Teck has the right to acquire one third of the 3% NSR for $3 milli...

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