VANCOUVER, March 16, 2018 /CNW/ - Bear Creek Mining
Corporation ("Bear Creek" or the "Company") (TSX Venture: BCM)
announces that Mr. Eric Caba has
been appointed Vice President, Project Development of the Company,
effective March 15, 2018. Mr. Caba
has been engaged on a full-time basis at the Company's offices in
Lima, Peru.
Mr. Caba has over 25 years' experience in the mining industry
across the Americas and Europe. Most recently he served as
the Vice President, South America Business Unit for Hudbay Minerals
Inc. where he was intimately involved in development of the
business unit and the construction of the Constancia mine in
Peru. Starting as Operational Readiness Manager before moving
to Director of Operations and then Vice President, Eric played a
key role in the design and development of the business processes
and operational preparations, focusing on business relationships,
productivity, efficiency and cost control, and coordinated
implementation of these processes and preparations through all
levels and stages of the Constancia mine construction. Prior to his
tenure at Hudbay in Peru, Eric
held operations management positions at a variety of global base
metal, precious metal and industrial mineral operations. Eric holds
a Bachelor of Science degree in Metallurgical Engineering from the
University of Idaho.
The Company's Board of Directors has authorized and approved a
grant of 400,000 incentive stock options (the "Stock Options") to
Mr. Caba under its incentive stock option plan (the "Stock Option
Plan"). The Stock Options have an expiry date of March 16, 2028 and will vest periodically, in
accordance with the Stock Option Plan, upon the achievement of
certain corporate milestones. The exercise price of the Stock
Options is Cdn $2.24 per share.
Tony Hawkshaw, President and CEO
of Bear Creek states, "On behalf of the Board of Directors, I am
pleased to welcome Eric Caba to the
Company. Eric is a highly regarded mining executive with a track
record of delivering excellent results in mine development and
operations, with special accomplishments in the Peruvian market. He
will be an integral member of the team developing our Corani
deposit."
On behalf of the Board of Directors,
Anthony Hawkshaw
President and CEO
Caution Regarding Forward Looking Information
This news release contains forward-looking statement regarding
the location and nature of employment of the Company's incoming
Vice President, Project Development. These forward-looking
statements are based on the terms of an employment agreement signed
between the Company and Mr. Caba, and are provided as of the date
of this news release, or the effective date of the documents
referred to in this news release, as applicable, and reflect
predictions, expectations or beliefs regarding future events based
on the Company's beliefs at the time the statements were made, as
well as various assumptions made by and information currently
available to them. Although management considers these assumptions
to be reasonable based on information available to it, they may
prove to be incorrect. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts,
projections and other forward-looking statements will not be
achieved or that assumptions on which they are based do not reflect
future experience. We caution readers not to place undue reliance
on these forward-looking statements as a number of important
factors could cause the actual outcomes to differ materially from
the expectations expressed in them. These risk factors may be
generally stated as the risk that the assumptions and estimates
expressed above do not occur, but specifically include, without
limitation, risks relating to the date, location and basis of
employment as contractually obligated by Mr. Caba's employment
agreement; and the additional risks described in the Company's
latest Annual Information Form, and other disclosure documents
filed by the Company on SEDAR. The foregoing list of factors that
may affect future results is not exhaustive. When relying on
our forward-looking statements, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. The Company does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by the Company or on behalf of the Company,
except as required by law.
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 release.
SOURCE Bear Creek Mining Corporation