Inc. (“Freyja” or the “Company”) (TSX VENTURE:FRA)
announced today the appointment of Mrs. Isabelle Gauthier (CPA, CA) as Chief
Financial Officer and Mr. Samuel Avendano Cruz (CPA, CA) as Director of
Finance.
to build a strong management team in parallel with the development of our Las
Cristinas mining project in Mexico. Isabelle’s extensive experience as Chief
Financial Officer of mining companies is exactly what we were looking for.
Also, given Samuel’s diverse experience, as well as him being fluent in French,
English and Spanish, he is the ideal candidate to assist Isabelle and
facilitate the flow of information between our local Mexican team and our team
in Canada in all aspects of accounting and finance.”
Québec à Montréal (UQAM) and has been a member of the Ordre des Comptables
Agréés du Québec since 1998. She held the position of Senior Director within
the firm Raymond Chabot Grant Thornton for which she worked as an Auditor from
1996 to 2006. Through her involvement in various assignments, she acquired a
solid experience in management and financial reporting.
Graduate Diploma in Public Accounting from the HEC at the Université de
Montréal. Mr. Avendano has over nine years of accounting experience in
consulting and auditing, working with accounting firms and three years in
medium and large public companies. He has developed an expertise in
consolidation, consolidation of foreign subsidiaries, foreign currency
transactions and investments’ accounting. He has been a Member of the Canadian
Institute of Chartered Accountants and Quebec CPA Order since 2008. In 1996, he
earned a college degree in Mechanical Engineering at CEGEP St-Laurent in
Montreal, Canada. He has more than six years of experience in various field of
mechanical engineering.
Avendano Cruz was granted 50,000 options. Each option entitles its holder to
acquire one common share of the Freyja at a price of $0.20 per share for a
five-year period.
approval. The Company wishes to thank its previous Chief Financial Officer, Mr.
Benoit Forget. Mr. Alain Lambert, Chairman of the Board noted: “Benoit did
a good job in assisting the Company with all accounting matters relating to its
acquisition of Cyprium Mining Corporation in October 2013 and the preparation
of the Company’s first quarter financial statements which for the first time
included the consolidation of the Company’s new Mexican subsidiaries.”
Venture Exchange under the symbol “FRA”. Freyja Resources’ main
operations are conducted in Mexico through its wholly-owned subsidiary Cypriummining
de Mexico SA de CV (“Cyprium”). Cyprium is a mineral exploration
company which targets the acquisition and generation of mining projects located
solely in Northern Mexico that have a potential for profitable precious and
base metal open pit production.
located in Chihuahua State, Mexico. Cyprium owns 51% of Coyame Copper SA de CV
(“Coyame Copper”), a Chihuahua, Mexico based mining exploration
company and has an option to increase its stake in Coyame Copper to 70% for a
consideration of US $1.2 million payable over a period of eighteen months
following the exercise of the option. Coyame Copper’s Las Cristinas Project
consist of four adjacent exploration concessions (Las Cristinas, La Parita, La
Verde and La Lagrimosa) covering 684 hectares. Coyame Copper also owns
production assets located outside the town of Coyame, Mexico.
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
(within the meaning of applicable Canadian securities laws) and “forward
-looking statements” (within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995). Such statements or information are identified
with words such as “anticipate”, “believe”,
“expect”, “plan”, “intend”, “potential”,
“estimate”, “propose”, “project”,
“outlook”, “foresee” or similar words suggesting future
outcomes or statements regarding an outlook. Such statements include, among
others, those concerning the Company’s anticipated plans for developments of
the Company and its mining projects”.
risks, uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management’s expectations regarding future growth, plans for and completion of
projects by Company’s third party relationships, availability of capital, and
the necessity to incur capital and other expenditures. Actual results could differ
materially due to a number of factors, including, without limitation,
operational risks in the completion of Company’s anticipated projects, delays
or changes in plans with respect to the development of Company’s anticipated
projects by Company’s third party relationships, risks affecting the ability to
develop projects, risks inherent in operating in foreign jurisdictions, the
ability to attract key personnel, and the inability to raise additional
capital. No assurances can be given that the efforts by Company will be
successful. Additional assumptions and risks are set out in detail in the
Company’s MD&A, available on SEDAR at www.sedar.com.
forward-looking information or statements are reasonable, prospective investors
in the Company’s securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such expectations
will prove to be correct. Forward-looking information and statements contained
in this news release are as of the date of this news release and the Company
assumes no obligation to update or revise this forward-looking information and
statements except as required by law.
Alain Lambert
Chairman
(514) 219-7988
Freyja Resources Inc.
Ron Keenan
VP Business Development,
Corporate Secretary
(514) 915-3836
www.cypriummining.com
