El Capitan Precious Metals Announces Transaction-Focused Reorganization
El Capitan Precious Metals Inc., (OTCQB: ECPN) announced today that the Company has reorganized its management team to be highly transaction focused in anticipation of current opportunities, negotiations, and agreements.
John F. Stapleton, the current Chairman of the Board of Directors, will continue as Chairman and assume the roles of Chief Executive Officer and President to create a single point of focus to address the potential transactions with which the Company is currently engaged. Stapleton is working in close support to David Davidson who leads mining and recovery operations for El Capitan. Arly Richau, General Counsel, will drive the contracting activity. Steve Antol, as Chief Financial Officer, continues to support the financial analysis, as well as public filings and reporting. Each of these team members understands the operating targets and the role each needs to play in order to close a transaction.
The Company is relying heavily on an extremely talented Board of Directors. Clyde Smith, PhD, the geology expert on the property, will provide his expertise and knowledge of the property derived from his work on the original and the updated 43-101 reports. Tim Gay offers years of experience in the world of large equity transactions and corporate governance. Our newest director, Danny Martinez, has worked with our New Mexico-based counsel and has experience in dealing with leased and patented land. We have needed and sought this specific expertise and know that it will be invaluable in executing the transactions the Company anticipates.
Chuck Mottley, after many years of leading the operations of the Company, will become President, Emeritus. He will remain on the board and continue to contribute by promoting the Company through his extensive contacts in the mining industry. “This run to the goal line is a team effort,” said Stapleton, “with each of us employing our specific skills and experience in support of each other, the Company, and its shareholders.”
The Company is currently involved in the late stages of negotiations and expects to announce its first major transaction prior to the Shareholders’ Meeting on September 28, 2016 at The Inn of the Mountain Gods in Ruidoso, New Mexico.
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals Inc. is a mining company based in Scottsdale, Arizona that is principally engaged in the mining of precious metals and other minerals. The Company’s primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100% equity interest in the El Capitan property located near Capitan, New Mexico. www.elcapitanpmi.com.
Forward-Looking Safe Harbor Statement:
The statements included in this press release concerning predictions of economic performance and management’s plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. Words such as “expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the expected completion, timing and results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and expectations with respect to the engaging in strategic transactions. All of such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Specifically, there can be no assurance regarding the timing and terms of any transaction involving the Company or its El Capitan property, or that such a transaction will be completed at all. In addition, there can be no assurance that periodic updates to the Company’s geological technical reports will support the Company’s prior claims regarding the metallurgical value and make-up of the ore on the New Mexico property. Additional risks and uncertainties affecting the Company include, but are not limited to, the possibility that future exploration, development, testing or mining results will not be consistent with past results and/or the Company’s expectations; discrepancies between different types of testing methods, some or all of which may not be industry standard; the ability to mine precious and other minerals on a cost effective basis; the Company’s ability to successfully complete contracts for the sale of its products; fluctuations in world market prices for the Company’s products; the Company’s ability to obtain and maintain regulatory approvals; the Company’s ability to obtain financing for continued operations and/or the commencement of mining activities on satisfactory terms; the Company’s ability to enter into and meet all the conditions to consummate contracts to sell its mining properties that it chooses to list for sale; and other risks and uncertainties described in the Company’s filings from time to time with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
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Contact
El Capitan Precious Metals Inc.
John F Stapleton | 480-440-1449
