VANCOUVER, British Columbia, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” and the “Company”), is pleased to announce the appointment of Neil Maedel to the Company’s Board of Directors and his assumption of duties as Executive Director, Corporate Finance. To accommodate the appointment of Mr. Maedel, director Ronald Husband has resigned from the Board, but will continue to act as an advisor to the Board. In addition, Sonoro has appointed Katharine Regan as Corporate Secretary of the Company.
“The addition of Neil Maedel and Katharine Regan in their respective roles, greatly strengthens the core Sonoro management team,” said Kenneth MacLeod, President and CEO of Sonoro. “Our shareholders will benefit from Mr. Maedel’s multifaceted expertise in international capital raising and shareholder outreach and Ms. Regan’s significant business skills will complement the ability of senior management to continue to advance the Company’s gold exploration projects in Mexico. We are especially grateful to our long-term colleague Mr. Husband, for volunteering to resign as director to enable Mr. Maedel to be appointed. His prior and future contributions to Sonoro are very much appreciated.”
Mr. Maedel is a Southeast Asia based venture Capitalist with an extensive background in the analysis and finance of small cap companies beginning with The Minicap Analyst in 1988, and later Protrader Finanz AG which were based in Switzerland and which are associated with numerous highly successful start-ups in North America. Mr. Maedel was Director, Business Development at Switzerland-based Manas Petroleum, when it assembled a 5-country portfolio of large light oil prospects, ranging from high risk exploration to discovery appraisal. He was also Chairman of Pan American Goldfields, directing the executive team which turned around the troubled company, doubling its interest in its principal asset to 80%, while more than doubling the size of the resource from 800,000 to 2,000,000 AuEq ounces, as defined in a NI 43-101 compliant Preliminary Economic Assessment (PEA). Pilot gold production was also initiated ultimately reaching over 2,000 AuEq ounces per month, with a goal of funding the deposit’s development. In 2014 Mr. Maedel co-founded, as a director, Kenadyr Resources, which is currently drilling to define high-grade gold zones now demonstrated to extend from ZiJin Mining’s TBL mine in the Kyrgyz Republic.
Ms. Regan has over 25 years’ experience in generating Business Development Programs across multiple industries in both the private and public sectors. Her particular expertise is in project development, administrative operations and corporate communications. As an independent consultant, Ms. Regan also assists companies implement and maintain corporate governance, regulatory compliance and corporate social responsibility.
The Company has granted an aggregate of 500,000 incentive stock options to Insiders of the Company at an exercise price of $0.17 per share for a period of two years from the date of grant.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
President & CEO
For further information, please contact:
Sonoro Metals Corp. – Kenneth MacLeod, President & CEO: (604) 632-1764 ext 3625
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
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