Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On July 22, 2019, as a result of the reverse acquisition and change in control, Timothy Hunt resigned as Chief Executive Officer, Robert Little resigned as
Chief Administrative Officer, Kenneth Atwood resigned as Chief Financial Officer, Leon Hardy resigned as Chief Operations Officer, Alan Chan and Alistair Summers resigned as members of the Board of Directors. At the same time, the Board elected the
following people to the following positions: Christopher van Tienhoven as Chief Executive Officer, Cristian Lopez Saubidet as Chief Financial Officer, Timothy Hunt, as director, Carlos Miguens, as director, Christopher van Tienhoven as director,
David Jarvis as director and Alexander (Sandy) Harper as director.
Biography
Christopher van Tienhoven
Mr. Christopher van Tienhoven was appointed to the board of directors of Patagonia on June 10, 2015. During his 25 years’ experience in the mining
industry, Mr. van Tienhoven worked for the majority of his career with the Anglo American group in various countries, culminating as Country Manager and President of Anglo Gold Ashanti’s Cerro Vanguardia mine. In 2008 he joined Andean Resources
Limited as Country Manager and Vice President for Argentina until 2010, when its main project Cerro Negro was sold to Goldcorp Inc. Before joining Patagonia, Mr. van Tienhoven had been dedicated to merger and acquisition opportunities in the junior
mining sector in Latin America including Argentina, Colombia, Peru and Guatemala. In 1991, Mr. van Tienhoven obtained a degree in Economics from the Wharton School, University of Pennsylvania.
Cristian Lopez Saubidet
Mr. Christian Lopez Saubidet has 18 years of experience in Finance and Strategy. He has been involved with Patagonia since 2008 and has served as Vice
President with Patagonia Gold S.A. and other subsidiaries of Patagonia. He also serves on the Boards of Central Puerto SA and San Miguel S.A., both listed companies on the Buenos Aires Stock Exchange. Between 2005 and 2008 he was VP Strategy and
Analytics in HSBC's Consumer Lending Division in the United States of America. Between 1998 and 2005 he worked as a Management Consultant for McKinsey & Co. in Buenos Aires, Pittsburgh and Chicago. He received an MBA from the Anderson School at
University of California, Los Angeles in 2002 and he received a degree in Industrial Engineering from the Instituto Tecnologico de Buenos Aires in 1998.
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Timothy Hunt
Mr. Hunt is founder and president of Huntwood Industries, one of the largest building products manufacturers in the Western United States. Tim Hunt has led
the development of Huntwood Industries for the past 3 decades, taking the business from a start-up venture to a significant middle-market enterprise responsible for over $2bn in sales. Mr. Hunt previously spent time as an investment broker,
cultivating lasting alliances in the mining and investment communities and has been involved in the mining sector for over 30 years, including those as founder of Hunt Mining, which has been active in Argentina for 14 years.
Carlos Miguens
Mr. Carlos J. Miguens has extensive business experience in Latin America. He was President of Cerveceria & Malteria Quilmes, one of Argentina’s largest
brewing companies for 11 years, until its sale to Ambev. He is the President of MB Holding S.A. and a Director of a number of other companies. Mr. Miguens is a co-founder and Vice-President of A.E.A. (Asociacion Empresaria Argentina). He has been the
President of Patagonia Gold S.A., a subsidiary of Patagonia, since its inception.
David Jarvis
Mr. David Jarvis is a mining operations executive with broad experience in the Americas and East and Central Asia. He has a Bachelor of Science degree in
Mining Engineering, and has worked as Superintendent, Mine Water Management for Newmont Gold, Mine Manager for Kumtor Operating Co., Centerra Gold, Kyrgyzstan, Production Manager, Nome Alaska for NovaGold Resources Inc., and Vice-President and
General Manager for Coeur Mexicana, SA de C.V. In August 1981, he received a Bachelor of Science degree in engineering from Pennsylvania State University, PA.
Alexander (Sandy) Harper
Mr. Alexander (Sandy) Harper started out as a registered representative for Merrill Lynch in London in the 1970s. He has since successfully been an
independent international commodity trader, investor and consultant with long experience of doing business in the UK, Europe, USA, Latin America and West Africa. Mr. Harper is currently based in Argentina. Mr. Harper received excellent scores while
attending Winchester College, located in Hampshire, UK and entered into business in 1967.
Effective Date of Personnel Changes
The personnel changes described above will be effective 10 days from the distribution to shareholders of the Company’s Schedule 14f-1 indicating a change
in control of the Board of Directors.
Item 9.01 Exhibits.
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10.13
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Court Order issued on July 22, 2019 by the UK Court under Part 26 of the Companies Act of 2006.
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