Bearing Appoints Luis Saenz as President of South American Operations
Montag, 09.01.2017 14:35 von DGAP
DGAP-News: Bearing Resources Ltd. / Key word(s): Miscellaneous
Bearing Appoints Luis Saenz as President of South American Operations
09.01.2017 / 14:30
The issuer is solely responsible for the content of this announcement.
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Vancouver, British Columbia--(Newsfile Corp. - January 9, 2017) - Bearing
Resources Ltd. (TSXV: BRZ) (the 'Company' or 'Bearing') is pleased to
announce that Mr. Luis Saenz has been appointed as President of South
American Operations for the company.
Mr. Saenz is a finance executive with nearly 25 years of experience in
mining finance and metals trading with a focus on Latin America. Mr. Saenz
has served as CEO and Director of Li3 Energy since 2009, in addition to
serving as a Director of Atico Mining (TSX Venture: ATY) and as Director of
Alpha Resource Advisors, a mining finance boutique in Peru. Throughout his
career, Mr. Sáenz has held senior rolls with Standard Bank of South Africa,
Merrill Lynch and Pechiney World Trade. He holds a degree in Economics and
International Affairs from Franklin & Marshall College in Lancaster, PA.
Jeremy Poirier, Bearing's president and chief executive officer, commented:
'We are excited to have Luis join the Bearing team given his extensive
experience and network in Latin America. We see him playing a pivotal role
in maintaining continuity at the Maricunga project, in addition to
representing Bearing's interests in Chile.'
In connection with his appointment, Mr. Saenz has been granted 125,000
incentive stock options ('Options'). Each Option allows him to acquire one
common share of the Company at an exercise price of $0.62 for a period of
five years.
ON BEHALF OF THE BOARD
Signed 'Jeremy Poirier'
Jeremy Poirier, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier - President and CEO Bearing Resources - Telephone:
604-262-8835
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
About Bearing
Bearing is an exploration and development company. On December 9, 2016, it
entered into a Binding LOI agreement (the 'Binding LOI') with Li3 Energy
Inc. to acquire the advanced advanced-stage Maricunga project located in
Chile (the 'Maricunga Project'), which represents one of the highest-grade
development opportunities in the Americas. Assuming completion of the
transactions contemplated by the Binding LOI, Bearing will have an
undivided 17.7% interest in the project with all expenditures through to
the delivery of a Definitive Feasibility Study (DFS) fully-funded by its
joint-venture partners. The Maricunga Project has had in excess of US$25
million of exploration to date. Bearing currently holds a portfolio of
prospective, grass-roots exploration projects in gold district of the Yukon
near Golden Predator.
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/24402
News Source: Newsfile
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09.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Bearing Resources Ltd.
Canada
ISIN: CA07403D1096
End of News DGAP News Service
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534935 09.01.2017