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Los Andes Copper Ltd. Board/Management Information 2021

Jun 7, 2021

44322_rns_2021-06-07_d64d34e8-9d32-4510-89e8-2c819613da21.pdf

Board/Management Information

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Form 51-102F3 Material Change Report

1. Name and Address of Company

Los Andes Copper Ltd. (the “ Company ” or “ Los Andes ”) Suite 880 – 580 Hornby Street Vancouver, British Columbia V6C 3B6

2. Date of Material Change

May 10, 2021

3. News Release

The news release was disseminated on May 10, 2021 through Newsfile Corp. and subsequently filed on SEDAR.

4. Summary of Material Change

On May 10, 2021, the Company announced a restructuring of its Board of Directors, and the creation of an Environmental, Social and Governance (“ESG”) Committee.

5. Full Description of Material Change

On May 10, 2021, the Company announced a restructuring of its Board of Directors, including the creation of an ESG Committee. The Company appointed Corinne Boone as a Non-Executive Director and intends to nominate Warren Gilman to stand for election as a non-executive director at the Company’s next annual general meeting. Ms. Boone will create and Chair the Board’s ESG Committee.

6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not Applicable.

7. Omitted Information

Not Applicable.

8. Executive Officer

Antony Amberg, President & Chief Executive Officer

Tel: +56 (2) 2954-0450

9. Date of Report

June 7, 2021