VANCOUVER, June 23, 2017 /CNW/ - Batero Gold Corp. ("Batero" or the "Company") announces that Mr. Felipe Ferraro has resigned as Chief Executive Officer and President and as a director of the Company effective June 22, 2017. Mr. Gonzalo de Losada will succeed Mr. Ferraro as Chief Executive Officer and President, and will join Batero's Board of Directors (the "Board") effective June 22, 2017.
The Board wishes to acknowledge Mr. Ferraro's continuous support and contribution to the Company over the past four years, and wishes him success in the new responsibilities at Consorcio Minero Horizonte S.A.. The Board also congratulates Mr. de Losada on his appointment, and looks forward to working with him.
About Batero
Batero is a precious and base metals exploration and development company focused on moving its 100% owned "Quinchía Project", including La Cumbre oxide deposit toward a production decision. Once the appropriate level of study has been completed, Batero intends to target the near surface higher grade oxidized gold mineralization at the deposit and continue exploration on several other targets within the property. Batero is also pursuing opportunities to acquire prospective high-grade, production focused mineral properties in Colombia and Latin America. In pursuing these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners. Common shares of the Company trade on the TSXV under the symbol "BAT".
