Cambrian Minerals Group continues transition to new mining team
NEW YORK, Oct. 8, 2015 /PRNewswire/ -- Cambrian Minerals Group, Inc., "SMPR", (OTCBB: SMPR), announced today that its new mining team is completely in place and attending to matters to move the Company forward.
During this transition, stewards of the Company have been Sharon Ullman, former Chair and CEO, Tina Gregerson, Secretary (and Director), and Jonathan Spier, Chief Operating Officer. Most recently, Mr. Spier left the Company at the end of September, but has been working closely with the new mining team to keep them on top of relationships, contacts, and prioritized requirements for moving forward. Bobby Cooper replaced Ms. Ullman as Chairman as previously announced in September.
Cambrian's new President, Thomas Loucks, stated, "the new slate of officers – all of whom have been described in previous press releases, consists of Bobby Cooper (Chairman and CEO), myself (President), Tom Myatt (Senior VP Finance), and John Ryan (VP Business Development). The four of us have worked together previously, and now we are ready to put our efforts into getting the Company back on track and creating new projects. We are pleased that Tina Gregerson is staying on, both as a Director and Corporate Secretary, and will join us in our endeavors to move the Company forward."
About Cambrian Minerals Group, Inc.
The Company has refocused its efforts into the acquisition and creation of royalty and streaming contracts with junior and mid-size mining companies in order to provide financing to develop or improve their mineral properties. Royalty and streaming arrangements are structures that have been successfully implemented by companies such as Royal Gold, Franco-Nevada, Silver Wheaton, and others. These structures enable mine owners to obtain alternative, less dilutive financing in exchange for an interest in the form of a 'royalty' or a 'metals stream' contract. The Company believes the current dislocation in mining capital markets presents an ideal time to raise capital and provide an alternate form of financing for junior and mid level companies.
Cambrian intends to continue to seek opportunities to construct toll-milling facilities in selective areas. The Company believes that it can organically grow the Company faster by providing needed processing facilities in order to spur the development of mines. In conjunction with providing toll milling solutions, our strategy would be to create royalties and stream contracts with the companies operating the mines which utilize the toll milling arrangement, thus generating two separate and discrete revenue streams from a single mining property.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Cambrian Minerals Group, Inc.