Vancouver, British Columbia / TheNewswire / September 13, 2017 – Sonora Gold & Silver Corp (TSXV: SOC) (the "Company" or "Sonora") is pleased to announce that it has formed an advisory committee ("Advisory Committee") comprised of external members to evaluate opportunities for potential business expansion in various industry sectors including the resource, energy and technology sectors. The Advisory Committee is comprised of Dr. Lawrence Bernstein, Jens Biertumpel, David Doherty and Paul Matysek.
Potential Business Strategy Change
The Company is currently a Tier 2 mineral exploration issuer listed on the TSX Venture Exchange. Management and the board of directors of the Company has considered potential business strategies to maximize shareholder value in the mineral exploration sector, including strategic alternatives relating to the Company’s current project. At this time, the Company’s primary asset and focus continues to be the advancement of its mineral exploration projects in its portfolio, until the board of directors of the Company determines otherwise, subject to obtaining requisite shareholder and regulatory approvals.
The Advisory Committee’s mandate is to evaluate various projects and business models and acquisition/partnership opportunities. At this time the Company confirms that there is no undisclosed material information in regards to any potential change of business strategy. The Company does not intend to comment on or disclose further developments regarding the Advisory Committee’s evaluations unless and until it deems further disclosure is appropriate or required.
Advisory Committee Members:
Dr. Lawrence Bernstein
Dr. Bernstein is a seasoned exploration professional with more than 29 years experience exploring for oil and gas on four continents. He has 35 years geoscience experience with specializations in stratigraphy and sedimentology and has been responsible for or directly involved in numerous oil and gas discoveries in Canada, Sudan, Australia, Malaysia, Papua New Guinea and Vietnam. A former VP Exploration Malaysia and Regional Vice President southeast Asia for Talisman Energy Inc., Dr. Bernstein was co-founder of Tamarind Energy which raised over $ 800 million from institutional investors for potential projects in southeast Asia.
Mr. Biertumpel has over 20 years of investment and finance experience. He was managing director and co-founder of Mont Blanc Capital Management AG, a FINMA regulated asset management firm in Zurich, Switzerland. He grew the asset management business from Europe into Asia and created the Lipper award winning Mont Blanc China Opportunity Fund. He is a director of Lightstream Capital, Bight Petroleum and Pascal Biosciences. Previously, he was a director with Astrum Capital, a Hong Kong and Cayman-based hedge fund advisor. Prior to that, Mr. Biertumpel operated his own capital company and held positions with different TSXV listed companies.
Mr. Doherty has over 20 years of investment and finance experience. Mr. Doherty is CEO of Rockshield Capital. Rockshield Capital makes early stage seed investments of dollars and human capital with the expectation of superior rates of return. The company assists with financings, identifies acquisition targets, develops strategic plans, supports operations and implements exit strategies. Previously, he was an investment adviser with Canaccord Capital, Canada’s largest independent securities dealer covering the North American capital markets specializing in developing, structuring and financing venture and growth companies. Mr. Doherty holds a degree from Simon Fraser University. Mr. Doherty has sat on numerous boards including Organigram Holdings and Saber Capital (now Emblem Corp) and The Green Organic Dutchman.
Mr. Matysek is a successful entrepreneur, with over 30 years of experience in the mining industry. He was previously CEO of Lithium One, which merged with Galaxy Resources of Australia via a $ 112 million plan of arrangement to create an integrated lithium company. He also served as CEO of Potash One, which was acquired by K+S Ag for $ 434 million in a friendly takeover in 2011. Mr. Matysek was also the founder and CEO of Energy Metals Corporation, a uranium company that grew from a market capitalization of $ 10 million to approximately $ 1.8 billion when sold in 2007. Mr. Matysek is currently Chairman of Lithium X and of Cobalt One.
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.
This press release contains forward-looking statements. The use of any of the words "continue", "potential", "projects", and similar expressions are intended to identify forward-looking statements. Statements relating to "reserves" or "resources" are deemed to be forward-looking statements because they involve the implied assessment, based on certain estimates and assumptions that the resources and reserves described can be profitably produced in the future.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s Management’s Discussion and Analysis for the year ended January 31, 2017 and 2016, filed on May 17, 2017 under the Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
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