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

News Releases

#December 16, 2020
Prospero Announces Results Of 2020 Annual General And Special Meeting And Appointment Of Chief Financial Officer

 December 16, 2020 -- Vancouver, B.C. - Prospero Silver Corp (TSX-V:PSL.V) (the "Company" or "Prospero") reports that shareholders passed all resolutions put before the Company's Annual General and Special Meeting (the "Meeting") held in Vancouver on December 16, 2020. The shareholders approved every resolution presented to them as part of the management information circular dated November 10, 2020 and filed on SEDAR on November 19, 2020.

At the Meeting the shareholders:

  1. received the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2019, together with the report of the auditors therein;
  2. set the number of directors at three (3) and elected William Murray, Murray Oliver and John Watson for the ensuing year;
  3. approved appointment of Davidson & Company LLP, Chartered Professional Accounts, as the Company's auditors for the ensuing year and to authorize the directors to set their remuneration;
  4. approved continuance of the Company’s 10% rolling Stock Option Plan; and
  5. approved a special resolution to consolidate the issued and outstanding common shares of the Company on the basis of 3:1, or a ratio that is less at the discretion of the Board and to authorize the board of directors to determine when and if to effect such consolidation.


Appointment of Officers

Following the Meeting, the board of directors met to appoint officers of the Company, effective immediately:

William Murray - Chairman and Chief Executive Officer of the Board
Nick Furber - Chief Financial Officer and Secretary


About Mr. Furber

Mr. Furber has over 25 years' experience in financial reporting, management, corporate finance and business development of companies in a variety of industries, including mining, medical and financial services. For the last 15 years, Mr. Furber has been the Chief Financial Officer for companies, listed on the CSE, TSX, FSE and OTCQX, helping them grow from the early development stage through to commercialization of products and operations. This included ten years with a TSX listed mining company with operations in South America which grew from exploration to gold production. Prior to this Mr. Furber worked for PricewaterhouseCoopers firstly in the UK and then Canada, primarily in their Corporate Finance and Transaction Services groups. Mr. Furber is a Chartered Accountant (ICAEW) and Chartered Financial Analyst charter holder.



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/2020-12-16_NR.pdf
 121 KB, approx. 23 seconds at 56.6Kbps
 
#September 22, 2020
Prospero Silver Corp. Provides Corporate Update

 September 22, 2020 -- Vancouver, B.C. - Prospero Silver Corp (TSX-V:PSL.V) (the "Company" or "Prospero") The Company herein provides the following corporate update.

As previously reported, in December 2019, the Company successfully disposed of its former Mexican operations and, as a result, avoided costly obligations that would otherwise exist. The disposition allows management to focus on the necessary steps to reorganize the Company's capital and consider new business opportunities. The first step towards that end was a ten-for-one share consolidation, which was completed in July of this year, reducing the number of issued and outstanding shares from approximately 57 million shares to 5.7 million. Management is of the view that a further share consolidation may be necessary to attract the human resources and investment capital required to secure and manage a business opportunity of merit.

If management determines that a further consolidation is required, then it expects that it will seek the required shareholder approval for a maximum rollback of one new share for three old shares, at the Company's next Annual General Meeting expected to be held by the end of December 2020. Such further consolidation would reduce the number of outstanding shares to a minimum of approximately 1.9 million. Any new consolidation of the Company's share capital will be subject to the acceptance of the TSX Venture Exchange.

The Company is continuing to actively solicit prospective business opportunities in the resource and other industry sectors, and has engaged outside advisors to assist as needed. This process has, however, been complicated by limited financial resources, competing interests and COVID-19 restrictions. William Murray, the Company's Chief Executive Officer, commented: "We will continue to evaluate business opportunities and report, in due course, any material progress regarding our reorganization and recapitalization attempts."


For further information please contact:

William Murray
Chairman & CEO
Tel: 604 288 2553


Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, a possible further consolidation of the Company's outstanding Common shares, and the Company's ongoing efforts to identify and secure a new business opportunity. 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. 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. 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: (i) neither a suitable opportunity will be identified nor will any agreement will be reached that will result in the Company completing a successful material investment or acquisition; (ii) the Company will not be able to secure sufficient working capital to carry on its current or future business activities, or to satisfy the minimum working capital requirements of the TSX Venture Exchange or the NEX Exchange; (iii) the shareholders will not approve a further share consolidation; or (iv) the TSX Venture Exchange will not accept a further share consolidation because it would result in the Company failing to meeting continued listing requirements relating to the minimum public float or otherwise.

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.


View news release in PDF format:
File: http://www.prosperosilver.com/i/pdf/2020-09-22_NR.pdf
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#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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