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Telson Mining taps finance veteran Ruben Alvidrez Ortega for director as the mine developer advances its projects in Mexico

The longtime Citigroup banker is also from Mexico's prominent Alvidrez mining family

Telson Mining Corporation - Telson Mining taps Ruben Alvidrez Ortega as director as the mine developer advances its projects in Mexico
The Canadian mine developer unanimously agreed at its AGM to continue with its five incumbent directors and add Alvidrez Ortega as a sixth director

Telson Mining Corp (CVE:TSN) (OTCMKTS:SOHFF) has named finance industry veteran Ruben Alvidrez Ortega, who is from the prominent Alvidrez mining family, to be a director of the company as the mine developer advances its flagship Tahuehueto gold mine project in Mexico.

Since 1994, Alvidrez Ortega has worked in several leadership roles with Citigroup, which has around 33,000 employees in Mexico. He has worked with corporate clients in the US and Mexico and spearheaded teams with over 200 people. He was educated as an industrial engineer and has an MBA from Notre Dame University.

READ: Telson Mining upsizes private placement to $1.4 million

In a statement, Telson CEO Ralph Shearing said: "On behalf of Telson's Board of Directors, I am incredibly pleased to welcome Mr Ruben Alvidrez Ortega to the company's board. Ruben is a member of the prominent Alvidrez Mexican mining family with members holding current and past senior executive positions within Fresnillo and Penoles.”

“We are confident that his proficiencies, experience and association at the highest level of the Mexican mining and financial industry will be of great value to Telson as the company moves forward with its projects in Mexico."

Meanwhile, the Canadian based mining company which has two 100% owned Mexican gold, silver, and base metal mining projects, held its annual general meeting (AGM) on October 8. During the AGM, Telson noted, five directors were “unanimously approved” for the upcoming year and consisted of incumbent directors — Ralph Shearing, Enrique Margalef, Rory Godinho, Roberto Guzman and Yao Sun.

In addition, a sixth director, Ortega was nominated from the floor at the meeting, said the company.

Chartered accountants Davidson and Company were appointed as auditors until the close of the next AGM. The 2019 stock option plan was also renewed as the company's 2020 stock option plan. Telson will file the 2020 stock option plan with the TSX Venture Exchange.

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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TSX-V:TSN
Market: TSX-V
Market Cap: $29.24 m
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