Trading Symbol: TSX-V: MSR
VANCOUVER, Sept. 25 /CNW/ - Mega Silver Inc. ("Mega Silver"; MSR: TSX-V) is pleased to announce the appointment of Mr. Peter Thiersch, M.Sc. P.Geo, to the position of Vice President Business Development. Peter has over 20 years experience in precious and base metals exploration throughout North and South America, including project management and corporate development with both junior and senior mining companies. Most recently with Hecla Mining, and prior to that with Fortuna Silver, Peter has been focused on identifying prospective silver-gold assets and building ounces on acquired projects. In joining Mega Silver, Peter will help the company realize its goals of acquiring and developing quality precious metal assets worldwide.
Mega Silver Inc has granted 235,000 options to officers and employees of the Company. The options are exercisable at $0.46 per share for a term of five years, subject to the approval of the TSX Venture Exchange. The options vest quarterly over a period of 18 months in accordance with Mega Silver's stock option plan.
About Mega Silver
Mega Silver is a well financed junior Canadian-based silver exploration and development company with projects in Mexico, the Yukon and British Columbia. Mega Silver is pursuing an accelerated growth strategy by aggressively acquiring mineral exploration and development opportunities with the potential for future resources. Full information on Mega Silver can be found at www.sedar.com and on the Company's website, www.megasilver.ca.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the Company's plan of business operations; ability to negotiate and enter into definitive agreements; potential benefits of the acquisitions; the costs and timing associated with integrating the acquisitions; production levels, timing and costs; potential contractual arrangements and the delivery of equipment; receipt of working capital; anticipated revenue; mineral reserve and resource estimates; and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, third party risks, acquisition risks, risks inherent in the mining industry, financing risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.