Candelaria Mining installs Ramon Perez as interim CEO, retains former CEO Curtis Turner as strategic advisor

Candelaria Mining Corp (CVE:CAND) (OTCPINK:CDELF) said Monday that it had installed the company’s president and director Ramon Perez as interim chief executive, while retaining former CEO Curtis Turner as a strategic advisor.  

The Canada-based gold development and exploration company said Turner had stepped down to pursue other opportunities, but would continue to help the leadership team as a strategic advisor.

“We are thankful for Curtis’s service, leadership and many years of commitment to the company. We wish him well in all of his future endeavors,” said Perez, who will act as interim CEO as the company assesses the vacancy.

READ: Candelaria Mining closes US$9M loan from Mexico’s Accendo Banco to help fund construction of Pinos gold project

As part of its corporate update, the company also said that it had retained Venture Liquidity Providers Inc (VLP) to help in maintaining an “orderly trading market” for the shares of the company.

“The market-making service will be undertaken by VLP through a registered broker, WD Latimer Co Ltd, in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws,” said the company in a statement.

Canada-based Candelaria Mining has a portfolio of highly prospective projects in Mexico, one of the world’s best mining jurisdictions. The gold-focused explorer’s flagship project Caballo Blanco, lies on the eastern coast of Mexico, while it also holds the Pinos underground gold development project in Zacatecas – the second biggest gold producing state in Mexico after Sonora.

Contact the author Uttara Choudhury at [email protected]

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Story by ProactiveInvestors