TORONTO, Feb. 28,
2023 /PRNewswire/ - Orvana Minerals Corp.
(TSX: ORV) (the "Company" or "Orvana") announced today that,
at its annual shareholders' meeting (the "Meeting") held on
February 28, 2023, the individuals
noted below were elected as directors of the Company. The report on
proxies provided by the Company's transfer agent indicated the
following:
Michael Davies received
73,884,532 votes (representing 99.83% of votes cast); Alfredo Garcia Gonzalez received 73,883,892
votes (representing 99.83% of votes cast); Robert Metcalfe received 73,884,532 votes
(representing 99.83% of votes cast); and Michael Mutchler received 73,884,392 votes
(representing 99.83% of votes cast).
Following the Meeting, Mr. Robert
Metcalfe was appointed as chairman of the board of
directors; Mr. Juan Gavidia was
re-appointed Chief Executive Officer; Ms. Nuria Menendez was re-appointed Chief Financial
Officer; and Mr. Binh Vu was
re-appointed Corporate Secretary/VP Legal Affairs, for the ensuing
year.
The Company received 78,468,495 votes (representing 99.92% of
votes cast) to re-appoint PricewaterhouseCoopers LLP as the
Company's independent auditor for the ensuing year and to authorize
the directors to fix the auditor's remuneration.
For full voting details please see Orvana's voting results as
filed on SEDAR at www.sedar.com.
ABOUT ORVANA - Orvana is a multi-mine gold-copper-silver
company. Orvana's assets consist of the producing El Valle and
Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in
Bolivia, currently in care and
maintenance, and the Taguas property located in Argentina. Additional information is available
at Orvana's website (www.orvana.com).
Cautionary Statements - Forward-Looking
Information
Certain statements in this presentation constitute
forward-looking statements or forward-looking information within
the meaning of applicable securities laws ("forward-looking
statements"). Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, potentials, future events or
performance (often, but not always, using words or phrases such as
"believes", "expects", "plans", "estimates" or "intends" or stating
that certain actions, events or results "may", "could", "would",
"might", "will" or "are projected to" be taken or achieved) are not
statements of historical fact, but are forward-looking
statements.
A variety of inherent risks, uncertainties and factors, many
of which are beyond the Company's control, affect the operations,
performance and results of the Company and its business, and could
cause actual events or results to differ materially from estimated
or anticipated events or results expressed or implied by forward
looking statements. Some of these risks, uncertainties and factors
include: the potential impact of the COVID-19 on the Company's
business and operations, including: our ability to continue
operations; our ability to manage challenges presented by COVID-19;
the accounting treatment of COVID-19 related matters; Orvana's
ability to prevent and/or mitigate the impact of COVID-19 and other
infectious diseases at or near our mines; our ability to support
the sustainability of our business including through the
development of crisis management plans, increasing stock levels for
key supplies, monitoring of guidance from the medical community,
and engagement with local communities and authorities; fluctuations
in the price of gold, silver and copper; the need to recalculate
estimates of resources based on actual production experience; the
failure to achieve production estimates; variations in the grade of
ore mined; variations in the cost of operations; the availability
of qualified personnel; the Company's ability to obtain and
maintain all necessary regulatory approvals and licenses; the
Company's ability to use cyanide in its mining operations; risks
generally associated with mineral exploration and development,
including the Company's ability to continue to operate the El Valle
and/or ability to resume long-term operations at the Carlés Mine;
the Company's ability to successfully implement a sulphidization
circuit and ancillary facilities to process the current oxides
stockpiles at Don Mario; the Company's ability to successfully
carry out development plans at Taguas; sufficient funding to carry
out development plans at Taguas and to process the oxides
stockpiles at Don Mario; the Company's ability to acquire and
develop mineral properties and to successfully integrate such
acquisitions; the Company's ability to execute on its strategy; the
Company's ability to obtain financing when required on terms that
are acceptable to the Company; challenges to the Company's
interests in its property and mineral rights; current, pending and
proposed legislative or regulatory developments or changes in
political, social or economic conditions in the countries in which
the Company operates; general economic conditions worldwide; the
challenges presented by COVID-19; fluctuating operational costs
such as, but not limited to, power supply costs; current and future
environmental matters; and the risks identified in the Company's
disclosures. This list is not exhaustive of the factors that may
affect any of the Company's forward-looking statements and
reference should also be made to the Company's Disclosures for a
description of additional risk factors.
Any forward-looking statements made herein with respect to
the anticipated development and exploration of the Company's
mineral projects are intended to provide an overview of
management's expectations with respect to certain future activities
of the Company and may not be appropriate for other purposes.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions and, except as
required by law, the Company does not undertake any obligation to
update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions change.
Readers are cautioned not to put undue reliance on forward-looking
statements. The forward-looking statements made in this information
are intended to provide an overview of management's expectations
with respect to certain future operating activities of the Company
and may not be appropriate for other purposes.
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SOURCE Orvana Minerals Corp.