Key Person of Atala
Mr. Gavin, a certified professional geologist, has 30 years' experience in all phases of mineral exploration, project evaluation and project management in the US, Mexico, Nigeria, Romania and Argentina.. Mr. Gavin was a founder and subsequently President, CEO and Director of Franconia Minerals Corporation. Under Mr. Gavin's leadership Franconia explored for copper, zinc and platinum group metals in the US with joint venture partners Teck Cominco (now Teck) and Impala Platinum. Franconia's major asset was the Birch Lake copper-nickel-PGM deposit in the Duluth Complex in Minnesota. Franconia achieved a TSX listing in 2006 and was eventually acquired by Duluth Metals in 2011. From 1994 to 2009, Mr. Gavin was a founder and Vice President Exploration of Minera Andes Inc. (merged with McEwen Mining in 2011). Under his technical supervision Minera Andes discovered the currently producing San Jose gold/silver mine and discovery of the billion tonne Los Azules porphyry copper deposit, both in Argentina. He holds a B.Sc. (Honours) degree in Geology from the University of London and a M.S. degree in Geology and Geophysics from the University of Missouri-Rolla. From 1981 to 1993, he was a consultant with Ernest K. Lehmann & Associates Inc., a geological mining consulting firm. He was Vice President of Exploration of Minera Andes Inc. from 1994 to 2009. He is currently President, CEO and Director of St Vincent Minerals Inc., a private exploration company active in the USA.
Following the completion of the Acquisition, Brionor will have 41,801,662 common shares issued and outstanding, 85.65% of which will be held by current shareholders of Brionor and 14.35% by Atala Shareholders. Under the Letter Agreement, Atala shall have the right to designate one representative to the board of directors of Brionor whose name will be submitted by Brionor for nomination at the next annual meeting of shareholders. At this time, the Company does not anticipate any changes to its management or board of directors.
At the closing of the Acquisition, Mr. Gavin will remain as the sole director and officer of Atala. The Company also confirms that no finder's fee is payable in connection with the transaction.
The technical information presented in this press release has been reviewed and approved by Mr. Mel Klohn, author of the Report and an independent Qualified Person under NI 43-101.
Neither 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.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure by the parties to complete the Transaction, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement
Brionor Resources Inc.
President & CEO
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