Candente Copper Corp. (TSX:DNT) has appointed Steven Latimer and Jeremy Meynert as directors of the company and entered into a loan agreement with Nascent Exploration Pty Ltd, a wholly-owned subsidiary of Fortescue Metals Group Limited for a loan in the aggregate principal amount of $1,000,000 for a 12 month term at 10 per cent interest to be repaid on maturity.
“I am very pleased to announce the appointment of Steven Latimer and Jeremy Meynert to the Board of Directors of Candente Copper,” Executive Chair, Giulio Bonifacio, said.
“Their collective capital markets experience in the mining sector, and track record of value creation will contribute significantly to Candente Copper’s future success.
“Additionally, the loan from Fortescue, Candente Copper’s largest shareholder, demonstrates their ongoing support while providing the Company with working capital as we evaluate various opportunities to advance the Cañariaco Copper Project by advancing engineering and environmental studies and further drilling, all of which will lead to a publication of a feasibility study.”
Mr. Latimer is Managing Director and Head of the Americas for London-based Bacchus Capital Advisers, an independent investment banking boutique with a particular expertise in the natural resources sector. He has over 30 years of experience as a leading global M&A adviser and has led numerous financings for mining companies, with a focus on both operating and development copper companies operating in the Americas.
Mr. Latimer has previously acted as Managing Director and Head of Canadian Investment Banking for Jefferies and served as Director and President of Jefferies Securities, Inc. Prior to Jefferies, Mr. Latimer was Head of Credit Suisse’s Canadian Metals and Mining Investment Banking practice.
He is a holder of the Institute of Corporate Directors Director Designation (ICD.D), received his MBA from The Kellogg Graduate School of Management at Northwestern University and his HBA from The University of Western Ontario. In addition, Mr. Latimer is a CFA Charterholder.
Mr. Meynert is Head of Corporate Development for Fortescue. In this role, he is responsible for Fortescue’s transactional corporate development activities including managing Fortescue’s investment portfolio of publicly listed mineral companies and structuring investment transactions.
He was previously Head of Business Development and Investor Relations with Resolute Mining Limited, where he was responsible for corporate strategy, transactional business development, funding, external relations, and communications. Prior to this, Mr. Meynert was Vice President of Metals and Mining Investment Banking at Citigroup, based in London and Australia.
He has a Master of Mining Engineering (Excellence), a Bachelor of Laws (Distinction), a Bachelor of Commerce (First Class Honours) and has been admitted to practice as a lawyer.
For further information please visit: https://candentecopper.com/