- TSX.V: CDB $0.11
- OTCQB: CDBMF $0.07
Cordoba Minerals Announces Changes to the Board of Directors and the Granting of Stock Options
Toronto, ON, June 27, 2014: Cordoba Minerals Corp. (TSX-V:CDB) announces the retirement of its Director, Robert W. Allen.
"We would like to thank Bob for his tenure on our Board, and for the important role he played in the acquisition and consolidation of our San Matias copper gold project in Colombia," commented Ari Sussman, Chairman of Cordoba. Mr. Allen has over 40 years experience in the development of mineral and energy projects worldwide, and has been actively involved in developing an extensive Colombian portfolio of projects through his private company, Grupo de Bullet S.A.S. Mr. Allen and Grupo de Bullet are significant and committed shareholders of Cordoba Minerals Corp. with approximately 13% of the issued and outstanding common shares of the Company.
Cordoba's Board of Directors is pleased to announce the appointment of Robert Neill, CEO of Grupo De Bullet S.A.S., to the Board. Mr. Neill previously sat on the Board of Sabre Metals, which was recently acquired by the Company, and has extensive Latin American experience including managing resource projects in Colombia. Mr. Neill received his BA in Mechanical Engineering from Dartmouth College in 2003 and an MBA from Vanderbilt University in 2007.
The Company also announces today that, pursuant to the terms and conditions of the Company's stock option plan, it has granted incentive stock options to its directors, officers and employees for the purchase of up to 1,845,000 common shares in the capital of the Company exercisable at a price of $0.80 per share for a 10 year period.
About Cordoba Minerals
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba currently owns 100% of the highly prospective San Matias Project located near operating open pit mines with ideal topography in the Department of Cordoba. For further information, please visit www.cordobamineralscorp.com.
ON BEHALF OF THE COMPANY
Mario Stifano, President and CEO
Cordoba Minerals Corp.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.