Centenera Mining Corporation (the "Company") announced, subject To Approve the TSX Venture Exchange (the "TSXV"), a restructuring of the Company (the "Restructuring"), consisting of changes to the board of directors. Management believes that as the resource sector recovers in the coming years, there will be a corresponding increase in demand for drill-ready exploration projects. In conjunction with the Restructuring, the Company will further develop its business model as a Prospect Generator. In connection with the Restructuring, the Company announced that Ms. Anne Labelle and Mr. Stephen Pearce have both resigned as directors, effectively immediately. In their place, the Company has appointed Mr. David Cass and Mr. Ryan King to the board of directors of the Company, effective immediately. Mr. Cass is a geologist with over 25 years of international experience in mineral exploration and mining for precious and base metals, with most of this experience focused in Latin America. Mr. King brings an established approach to business in the natural resource sector, with specific and targeted applications for delivering shareholder value in the mining industry. Mr. King has over 15 years of experience in increasingly senior capacities in capital markets in the resource sector and was responsible for leading the investor relations activities for Newmarket Gold, as the company completed a $2 billion transformational merger with Kirkland Lake Gold.
Latin Metals Inc. is a mineral exploration company. The Company is engaged in acquiring a diversified portfolio of assets in South America. The Companyâs projects Lacsha Project, Auquis Project, Jacha Project, Para Project, Tillo Project, and Loli Project. The Companyâs projects in Argentina include Organullo Project, Ana Maria and Trigal Projects, Esperanza Project, Mina Angela Project, Cerro Bayo and La Flora Projects, El Quemado Project, Mirador Copper Project, Solario Copper Project and Ventana Project. The Companyâs also owns Terraza copper exploration project consist of 68,000-hectare (ha) is located in northwest Argentina. The Organullo Project is an exploration property located in Salta Province, northwest Argentina. The Esperanza project is a copper-gold exploration project, located in San Juan Province, Argentina. It has a 100% interest in the Lacsha Copper project within the Coastal Copper Belt in Peru. The Auquis Copper Project is located in Peru's Coastal Copper Belt.