Vancouver, British Columbia--(Newsfile Corp. - April 8, 2015) - ALLIANCE MINING CORP (TSXV: ALM), continues its Due Diligence process to explore opportunities in Peru.
Alliance has also opened a Peruvian subsidiary, Alliance Mining Peru SAC and selected Dr. Aaron Morales to be the President of the new company and a director.
Dr. Aaron Morales, a Mining Engineer by profession, has been a long standing Professor of Mining & Mineral Processing. Dr. Morales has also been an Advisor to the Ministry of Energy & Mines as well as to Peruvian Government's Strategic Planning Unit. He has been a Director of CENTROMIN PERU (Govt. entity that owned many mines in Peru) for 7 years, President of INTERBANC PERU 5 years, Managing Director of New California Gold Mines and Advisor to SIDERO PERU (Steel Industry of Peru), and a consultant to Buenaventura Mining Company.
Peru offers many great opportunities for mining and mineral exploration. Some of the highlights as reported by the Australian Trade Commission in its "Australian Trade Commission Report: Mining in Peru, August 2011" are as follows:
Peru is the largest mineral producer in Latin America;
Peru is ranked amongst the largest mineral producers in the world: 1st Silver, 2nd Copper, 3rd Zinc and Tin, 4th Lead, 6th Gold;
Less than 1% of country being exploited and only 14% of the country has been staked;
25% of all global exploration spent in 2012 was in Latin America;
Efficient administration of mining rights and title granting procedures;
Modern geological information system.
The company will also grant options to purchase 2,500,000 shares to certain officers, consultants and directors of the company. The options shall be exercisable at a price of $00.05 cents per share and shall have a term of two years.
Alliance Mining Corp, is pleased to announce that it has arranged a non-brokered private placement of up to 6,000,000 units at a price of $0.05 per unit in the capital stock for total gross proceeds of up to $300,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.05 per share for a period of sixty months from the closing date of the private placement. Closing of this placement is conditional upon approval of the TSX Venture Exchange.
The Company is also pleased to announce that it has appointed Scott Kent as an independent director on its board of directors effective immediately. Mr. Kent brings to the team over 18 years of sales and marketing expertise and has many years of experience in providing public relations counsel to various sectors including mining and manufacturing.
The Company also announces that it has issued an aggregate of 1,104,186 common shares of the Company at a deemed price of $0.05 per share to settle outstanding debt of $55,209.30 as previously described in the Company's press release dated January 30, 2015. The shares issued are subject to a four month hold period.
About Alliance:
Alliance mining has been focused on acquiring and delineating highly prospective gold and silver mineral properties in Arizona's most prolific gold producing area - Yavapai County, located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of which have had gold and silver production in the past century.
ON BEHALF OF THE BOARD
"Travis Snider "
Mr. Travis Snider,
President & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 628-6645
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of them TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
