Appoints Michael Brown as Chairman of the Board - Sep 25, 2008
posted on
Feb 25, 2009 10:44AM
Latin American Minerals Inc. TSX VENTURE: LAT ![]() |
Latin American Minerals Appoints Michael Brown as Chairman of the Board; Grants Options
TORONTO, ONTARIO--(Marketwire - Sept. 25, 2008) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Company") is pleased to announce the appointment of Michael J. H. Brown, currently a director of the Company, to Chairman of the Board.
Mr. Brown is President of Capital Markets Advisory, and brings experience in the mining and finance industries, and in corporate governance.
He was previously President, Chief Executive Officer and Vice-Chairman of Macquarie North America Ltd.,
a Managing Partner of Gordon Capital Corporation,
and a Managing Director of Deutsche Morgan Grenfell Canada.
Mr. Brown is a Chartered Financial Analyst and registered Professional Engineer.
The Board would like to thank Paul Fornazzari for his tenure as Acting Chairman of the Board. Mr. Fornazzari will continue as a director of the Company.
In addition, in accordance with its stock option plan, which reserves 10% of the issued and outstanding common shares of the company from time to time for option grants, LAT has granted 1,670,000 stock options to senior officers, directors and key personnel. The stock options are exercisable for up to five years at a price of $0.15 per share and vest in four equal tranches on a quarterly basis. All options granted and any common shares issued upon their due exercise are subject to a statutory four-month hold from the grant date.
Notes: Board appointments are subject to TSXV approval. The grant of options is subject to regulatory acceptance of applicable filings.
The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
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