|By Marketwired .||
|April 1, 2014 03:18 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/01/14 -- El Tigre Silver Corp. ("El Tigre" or the "Company") (TSX VENTURE: ELS)(FRANKFURT: 5RT)(OTCQX: EGRTF) is pleased to announce that it has appointed Lisa Dea as Chief Financial Officer ("CFO") effective April 1, 2014.
Ms. Dea, CPA, CA has over 19 years of experience in the finance, securities and accounting fields. Previously, Ms. Dea was the Vice President, Finance and Chief Financial Officer of Silvermex Resources Inc. a TSX listed, mid-tier producing silver company from May 2011 until it was acquired in July 2012. Ms. Dea oversaw all aspects of finance and legal as well as implemented structure, controls, governance and fiscal policy. Prior to Silvermex, Ms. Dea was the VP Finance and CFO of Polaris Minerals Corporation, also a TSX listed company, for 5 years and was responsible for the overall financial management of the Company, including overseeing Polaris' debt and capital market activities, managing banking relationships with US, Canadian and International banks and internal and external public reporting. During her career at Polaris, she completed numerous debt and equity financings, and oversaw the implementation of the financial controls, processes and corporate financing strategies required to bring Polaris from development stage to large-scale commercial production.
Prior to joining Polaris, Ms. Dea spent eleven years at Deloitte &Touche LLP, achieving the position of Senior Manager. Ms. Dea obtained her Chartered Accountants designation in 1997 and holds a BComm from the University of British Columbia.
"We are pleased to have attracted someone with Ms. Dea's experience and expertise to fill this key role," said Stuart Ross, El Tigre Silver's President and CEO. "Lisa brings the first-hand experience of taking a company from development to production in Mexico. She will be instrumental in implementing and maintaining financial systems and controls for El Tigre as the Company transitions into a production company."
El Tigre also announces that on April 1, 2014, the Board of Directors granted stock options to Ms. Dea to purchase up to 175,000 common shares under its Incentive Stock Option Plan. The exercise price is $0.25 and the stock options will expire 5 years from the date of the grant.
The options have been granted pursuant to the Company's Stock Option Plan. The Company currently has an aggregate of 4,617,000 options outstanding under the Stock Option Plan.
El Tigre also reports that Mr. Grant Smith has resigned as CFO of the Company. El Tigre would like to thank Grant for his dedication and contribution to the Company in its formative years and wishes him success in his future business endeavours.
About El Tigre
The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions, eight comprising of 215 square kilometres located in north-eastern Sonora, Mexico (the "El Tigre Property"). El Tigre also holds one additional 32 hectare claim separate from the El Tigre Property. A NI 43-101Technical Report Preliminary Feasibility Study has been prepared for the El Tigre Silver Project and can be found on the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.eltigresilvercorp.com.
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include future plans to implement and maintain financial systems and controls. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. 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 press release.