Inca One Hires Rafael Rossi As Director Of Finance And Administration, Peru
VANCOUVER, BC – June 2, 2015 - INCA ONE GOLD CORP. (TSX-V:IO) ("Inca One" or the "Company"), is pleased to announce that it has hired Rafael Rossi as Director of Finance and Administration, Peru overseeing the finance and administrative functions of the Company’s Peruvian subsidiaries. Mr. Rossi is a senior finance executive with significant experience in the Peruvian mining sector, most recently with Barrick Gold Corp. (“Barrick”) where he held senior management positions for over 16 years.
Mr. Rossi will work alongside our Peruvian senior management team including Jaime Polar, our Vice President Operations and Development, Peru, and former Barrick Operations General Manager, and Emilio Ortiz, our Plant Manager and former Mill Superintendent at Barrick’s Pierina operation.
“The hiring of Rafael Rossi ensures a high level of professionalism in our administrative and finance function in Peru and further enhances the Peruvian senior management team and their ability to deliver on goals as we strive to be a leader in the Peruvian mineral processing space,” said Oliver Foeste, Inca One’s CFO. “We believe this is necessary to build a strong competitive company and to help establish Inca One as one of the most experienced and professional mineral processors in Peru.”
Mr. Rossi brings a wealth of experience in operational accounting, treasury, and financial controllership in Peru. Working for one of the premiere gold mining and processing firms in the world, Mr. Rossi spent over 16 years serving Barrick’s Pierina and Lagunas Norte operations from inception of production. His responsibilities included the preparation of financial and statistical reports, generation of accounting information, financial analysis, account reconciliation, budgeting, accounts payable, cost control, payroll, cash flow control, bonds, overseas shipments, insurance, and various other functions. His experience also includes working with local authorities such as the Central Bank, the Exchange Commission, and the Mining and Energy Ministry. Mr. Rossi is a Certified Public Accountant, with an accounting degree from the Catholic University of Peru, and also an MBA degree from CENTRUM Catolica in Peru. Prior to that, Mr. Rossi articled with Arthur Andersen, and was in senior financial and accounting roles with an international Pharmaceuticals company for approximately 14 years.
About Inca One
Inca One is a Canadian-based mineral processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. As part of the terms of the original purchase agreement for the Chala, Peru processing facility, Inca One has an agreement between its wholly owned subsidiary, Chala One SAC, and the seller and initial permit applicant, to operate under the umbrella of formalization until the successful completion of all the environmental and operating permits. Peru, a highly mineral-rich country, is one of the world's top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their mineral (such as the Company's Chala Plant).
On behalf of the Board,
President & CEO
INCA ONE GOLD CORP.
For More Information Contact:
Inca One Gold Corp.
Telephone: (604) 568-4877
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that the Company has limited operating experience with its Chala plant and future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements.
This news release deals only with the Company's Chala plant, which is an industrial project. This presentation does not deal at all with the Company's sole mineral exploration property, the Corizona property. Investors should note that no resource has been established on the Corizona property and all of the material currently being processed at the Chala plant is received from local small-scale mining operations.