HENDERSON, Nev., Aug. 12, 2016 (GLOBE NEWSWIRE) -- Oroplata Resources, Inc. (“Oroplata” or the “Company”) (OTCBB:ORRP) today announced the appointment of energy industry and investment banking veteran Alan D. Gaines to the Advisory Board of the Company.
Mr. Gaines is a founder and presently Chairman of the Board of Directors and CEO of ALG Corp., an advisory for the energy and media industries, specializing in recapitalization and restructuring.
Previously Mr. Gaines served as Chairman of the Board of Directors and founder of Dune Energy, Inc. from its formation in May 2001 through April 2010. Mr. Gaines also served as CEO of Dune Energy from inception through May 2007, when he stepped down, taking a less active role, following the acquisition of Goldking Energy Corporation, raising total proceeds of $540 million.
Mr. Gaines also has more than 30 years of experience as an energy investment banker and advisor, having participated in the raising of debt and equity totalling well over $100 billion.
In 1983, he co-founded Gaines, Berland Inc., a full service investment bank/advisory and brokerage, specializing in global energy markets, with particular emphasis given to small-to-mid capitalization public and private upstream companies. Mr. Gaines sold his interest in Gaines, Berland Inc. in 1998.
From 1984 through 1998, Mr. Gaines was Chief Advisor and investment banker to financier Carl C. Icahn in all of Mr. Icahn’s investments within the energy space, including such highly publicized forays as Gulf Oil, Texaco, Pennzoil, Phillips Petroleum, Williams Cos., Unocal, USX (Marathon Oil), Tenneco, and Western Company. He has been quoted globally in numerous newspapers/magazines, industry periodicals and media outlets, such as The Wall Street Journal, Barron’s, The New York Times, Forbes, Business Week, Financial Times (London), Platt’s, CNN, CNBC, etc.
Mr. Gaines holds a BBA in Finance from Baruch College (CUNY), and an MBA in Finance ("With Distinction"-Valedictorian) from The Zarb School, Hofstra University Graduate School of Management. Mr. Gaines was born in Brooklyn, New York, and currently resides in Hollywood Hills, California.
Craig Alford, CEO of Oroplata Resources, commented, “We are very pleased to have someone of Alan’s talent, experience, and standing in the energy finance industry join the Oroplata team as a Strategic Advisor. I have no doubt that he will be a great asset to the Company as we continue to develop our lithium project in Nevada.”
About Oroplata: Oroplata Resources Inc., through its wholly-owned subsidiary, Lithortech Resources, Inc., is focused on becoming a substantial profitable lithium producer by the rapid development of valuable production-grade lithium brine deposits in Nevada and throughout the southwest U.S.
IR Contact: Kingston Advisors, +1-212-796-5290
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30th, 2015 . The Company assumes no obligation to update any of the information contained or referenced in this press release.
Oroplata Resources, Inc. 170 S Green Valley Parkway, Suite 300 Henderson, NV 89012 +1-702-318-7218
Source:Oroplata Resources, Inc.