Prospero Announces Appointment of Officer and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 22, 2016) – Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero” or the “Company”) is pleased to announce that it has appointed Mr. Ralph Rushton as Executive Vice President, Business Development of the Company. Mr. Rushton holds a B.Sc. in geology from Portsmouth University in the UK, a Master’s degree in Economic Geology from the University of Alberta, and a Certificate in Business Communications from Simon Fraser University. He has over 30 years’ experience in precious and base metals mining and exploration, much of which was gained working as a geologist in Southern Africa, the Middle East and Eastern Europe for Rio Tinto and Anglo American plc. For the last 13 years he has worked in business development for a number of junior resource companies and currently serves as a director on the boards of three Vancouver-based companies. He has experience in a broad range of commodities including precious and base metals, iron ore and phosphate, and has helped to raise over C$400mil through private placement financings to fund exploration and development programs in Latin America, Scandinavia and Eastern Europe.
The board of directors of the Company has approved the grant of 400,000 stock options (the “Options”) pursuant to the Company’s Share Option Plan to Mr. Rushton. The Options are exercisable at a price of $0.30 per share expiring on September 19, 2021 and vest as to 100,000 Options or 25% on the dates that are three, six, nine and twelve months from the date of grant.
About Prospero Silver Corp.:
Prospero is a Canadian resource company with the majority of its staff based in Mexico and who work for its wholly-owned subsidiary Minera Fumarola, SA de CV. Prospero’s objective, as a project generator, is to quickly evaluate properties it acquires for their suitability to provide size potential and/or amenability for strategic joint ventures. For additional information on Prospero, readers are encouraged to see the disclosure documents filed under the Company’s profile at www.sedar.com, and to visit the Company’s website at www.prosperosilver.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
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