Eco Oro Names CFO Paul Robertson as Interim CEO

Canadian gold mining company Eco Oro Minerals Corp. has named Paul Robertson as its interim chief executive officer effective immediately. Robertson, the current chief financial officer of Eco Oro, is filling a void left by the recent resignation of Mark Moseley-Williams.

Moseley-Williams stepped down as CEO, president, and director just days before the Vancouver-based company announced that it had reached a settlement with its shareholders to put aside pending internal legal claims and focus on its arbitration case against the government of Colombia.

Since last week Anna Stylianides, director of the company’s board, had been acting as CEO prior to Robertson taking the reins. She will remain in her board position, according to the company.

Eric Tsung, senior manager of Quantum Advisory Partners LLP in Vancouver, will take over the CFO responsibilities now that Robertson has stepped into the CEO role.

“I am thrilled to be stepping into the role of interim CEO, and I look forward to leading Eco Oro as it continues to pursue success” said Robertson.

Along with announcing the new interim CEO, Eco Oro, which is listed on the Toronto Stock Exchange, said in a statement that it has set September 26 as the date for its upcoming shareholder meeting.

“As previously announced, at the 2017 meeting shareholders will be asked to consider certain resolutions relating to the implementation of the settlement agreement entered into on July 31, 2017, by the company, including a resolution authorizing the implementation of a plan of arrangement under the Business Corporations Act that will result in a redistribution of a portion of the contingent value rights [CVRs] issued by the company,” said Eco Oro in statement. “The CVRs entitle the holder thereof to a portion of the gross proceeds of the company’s arbitration claim against the Republic of Colombia.”

One of Eco Oro’s largest holdings is the Angostura gold and silver deposit in northeastern Colombia, which the company’s assessment has found to contain more than three million ounces of gold. Eco Oro is currently in dispute with the government of Colombia related to the free-trade agreement between Canada and Colombia, according to the company.