PROSPERO SILVER CORP. : http://www.prosperosilver.com/ : QwikReport

News Releases

#July 15, 2020
Prospero Silver Corp. Postpones AGM

 July 15, 2020, Vancouver, B.C. -- Prospero Silver Corp. (TSX-V: PSL) (the "Company" or "Prospero") announces that, in light of the COVID-19 public health emergency and related restrictions on gatherings, it intends to delay holding its annual general meeting of shareholders until a later date in 2020.

Also, the Company intends to delay the filing of its statement of executive compensation as otherwise required by subsections 9.3.1(2.2) of National Instrument 51-102 - Continuous Disclosure Obligations in reliance on British Columbia Instrument 51-516 - Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials of the British Columbia Securities Commission. The Company expects to include its statement of executive compensation in its management information circular in connection with its 2020 annual general meeting to be held before the end of this year.

On behalf of the Board of Directors,

William Murray,
President, CEO and Director
Tel: 604 288 2553
Tel: +52 1 612 140 0751 (Mexico)

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, the timing of the Prospero's annual general meeting and the expected filing date for the Company's executive compensation disclosure. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the continued and/or worsening public health concerns over the COVID-19 pandemic may result in further delays in the Company's ability to hold its 2020 annual general meeting, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
File: http://www.prosperosilver.com/i/pdf/2020-07-15_NR.pdf
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#July 06, 2020
Prospero Silver Corp. Announces Effective Date For Share Consolidation

 
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

July 6, 2020, Vancouver, B.C. -- Prospero Silver Corp. (TSX-V: PSL) (the "Company" or "Prospero") is pleased to announce that the previously disclosed proposed consolidation of the common shares of the Company on the basis of basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation") is expected to take effect on July 7, 2020 under new CUSIP number 743624306, subject to final acceptance by the TSX Venture Exchange. There will be no name change or trading symbol change in conjunction with the Consolidation.

Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, Computershare Investor Services Inc., for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Consolidation.

Following the Consolidation, the total issued and outstanding common shares of the Company will be approximately 5,747,189, subject to treatment of fractional post-Consolidation Shares.

On behalf of the Board of Directors,

William Murray,
President, CEO and Director
Tel: 604 288 2553
Tel: +52 1 612 140 0751 (Mexico)

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, to effect a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and

Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

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 securities of the Company 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 Company's 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View news release in PDF format:
File: http://www.prosperosilver.com/i/pdf/2020-07-06_NR.pdf
 121 KB, approx. 23 seconds at 56.6Kbps
 
#June 29, 2020
Prospero Appoints Interim CFO

 June 29, 2020 -- Vancouver, B.C. - Prospero Silver Corp (TSX-V:PSL.V) (the "Company" or "Prospero") is pleased to announce that Grant Bosworth, a long-standing member of its board of directors, has agreed to accept appointment to the position of Interim Chief Financial Officer, filling the vacancy created by the previously announced resignation of David Huffer, pending the Company identifying a full-time replacement to join its management team. Mr. Bosworth has over thirty five years of experience in the minerals and mining, refinery/petrochemical and power generation industries. With extensive senior project management experience, he has guided the strategic positioning and growth of business units, while directing the business development function of major consulting firms.

For further information please contact:

William Murray Chairman
Tel: 604 288 2553

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

File: http://www.prosperosilver.com/i/pdf/2020-06-29-NR-PSL.pdf
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#June 10, 2020
Prospero Silver Corp. Proposes 10:1 Share Consolidation

 
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

June 10, 2020, Vancouver, B.C. -- Prospero Silver Corp. (TSX-V: PSL) (the "Company" or "Prospero") announces that it is proposing to consolidate the outstanding common shares of the Company (the "Shares") on the basis of 10 (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation").

Share Consolidation

Management and the Board of Directors has concluded that the Consolidation is necessary and in the best interests of the Company. The Board believes that the proposed share consolidation is necessary to facilitate new equity investment in the Company to finance continuing business activities and assist in its overall marketing efforts.

The Consolidation will not change a shareholder's proportionate ownership in the Company or the rights of holders of Shares. Each Share outstanding after the Consolidation will be entitled to one vote and will be fully paid and non-assessable. There will be no name change in conjunction with the Consolidation.

Under the terms of the proposed Consolidation, no fractional Shares will be issued as a result of the Consolidation as any fractional Shares created as a result of the Consolidation will be rounded up or down to the nearest whole number. There are currently 57,471,879 Shares issued and outstanding. Following the Consolidation, there will be approximately 5,747,188 Shares issued and outstanding, subject to treatment of fractional post-Consolidation Shares.

The Consolidation is subject to approval by the TSX Venture Exchange.

On behalf of the Board of Directors,

William Murray,
President, CEO and Director
Tel: 604 288 2553
Tel: +52 1 612 140 0751 (Mexico)

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

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 securities of the Company 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 Company's 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View news release in PDF format:
File: http://www.prosperosilver.com/i/pdf/2020-06-10 NR.pdf
 122 KB, approx. 24 seconds at 56.6Kbps
 
#March 30, 2020
Prospero Reports On Change Of Auditor

 March 30, 2020 -- Vancouver, B.C. - Prospero Silver Corp (TSX-V:PSL.V) (the "Company" or "Prospero") announces that, upon discovering a conflict of interest such that it is no longer sufficiently independent to serve as the Company's auditors for the fiscal year ending on December 31, 2019, Dale Matheson Carr-Hilton LaBonte LLP ("DMCL") have resigned as the Company's auditors as required by the BC Business Corporations Act, s. 208. In connection with its resignation, DMCL has confirmed to the Company that no "reportable event" (as defined under National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102") has occurred in connection with its engagement with the Company. The Company's directors have appointed Davidson & Company LLP to serve as auditors to fill the vacancy resulting from DMCL's resignation. As the change of auditors was required by the governing corporate legislation of the Company, and is not associated with any reportable event, the Company is relying on the exemption from certain disclosure formalities provided for under NI 51-102, ss. 4.11(3)(b).


For further information please contact:

William Murray
Chairman
Tel: 604 288 2553


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


View news release in PDF format:
File: http://www.prosperosilver.com/i/pdf/2020-03-30 NR.pdf
 69 KB, approx. 14 seconds at 56.6Kbps
 

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