Batero Gold Corp

Published : April 08th, 2014

Batero Launches Corporate Shared Value Alliance Program In Quinchia, Risaralda (Colombia)

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Batero Launches Corporate Shared Value Alliance Program In Quinchia, Risaralda (Colombia)

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 8, 2014) - Batero Gold Corp. ("Batero", or the "Company") (TSX VENTURE:BAT) is pleased to announce engagement, through its fully owned Colombian subsidiary Minera Quinchía S.A.S., in a community shared value program in alliance with the Government of Canada and the International Organization for Migration (IOM) for the area of influence of Batero's exploration activities.

The program, named "Improving Socio-Economic Development for Families in Quinchía, Risaralda" was submitted jointly by Batero and the IOM to the Department of Foreign Affairs, Trade and Development of the Government of Canada (formerly Canadian International Development Agency) during the 2012 call for proposals for the Strategic Partnerships for Development Fund ("SPDF") that was created as part of its Andean Regional Initiative. http://www.acdi-cida.gc.ca/cidaweb/cpo.nsf/vWebCSAZEn/496AC8D023AB552985257C5B003BCC16

The SPDF - Colombia approved and awarded CDN$ 580,325.00 to the project that will be administered by the IOM and funding will be complemented by a total contribution of CDN$240,379.00 from Batero over the next two years.

"Batero has been committed to working with the community since the inception of the company and the implementation of the program "Improving Socio-Economic Development for Families in Quinchía, Risaralda" is a testament to our ongoing commitment to local families", stated Roger Moss, President and CEO of Batero Gold Corp. "We are proud to be selected with the IOM by the Department of Foreign Affairs, Trade and Development of the Government of Canada and anticipate the program should have a positive impact to improve opportunities for entrepreneurial business development around Quinchia. Despite the current challenging metals market conditions, Batero remains confident in the Quinchia project and continues to be committed to the local communities."

The program aims to assist local capacity building for business development among the Quinchia communities that are located in the area of influence of Batero's exploration activities. The focus of the program is to provide training within local communities by means of strategic alliances supported by this agreement including sugar cane guilds and the Colombian Government Artisanal Organization. The goal of the program is to work with alliance members and the community towards building confidence in business development through optimization of production and merchandising of sugar cane and its derivatives, as well as artisanal silversmithing. Once implemented, the programs are expected to benefit approximately 600 families by improving their income and ensuring the sustainability and profitability of their local production units. By strengthening local business capacity based on local products, the program aims to create a healthy community development environment that may alleviate the social pressure over the exploration sector and prevent the possible impacts of people migration.

This program has been recognized as a Corporate Shared Value (CSV) planning model that will potentially assist both the communities and the local government in establishing a locally focused development model in partnership with Batero.

Batero has demonstrated a strong shared value commitment through programs such as the innovative "Farms with a Future" initiative and capacity building in organic agricultural practices. Batero also supports local education through entrepreneurship training and cultural awareness through music with the Banda Sinfonica de Quinchia and its rural annex and assists with the provision of medical and dental initiatives by local authorities. Detailed information on community development programs can be found in the Batero CSV reports, as well as a number of videos that can be viewed at http://www.baterogold.com/en/responsibility/responsibility.

As part of its "shared value" approach to communities, Batero strongly believes that its social license to operate in the Quinchia region is further strengthened every time local communities gain independent long-term socio-economic benefits from the company's efforts.

ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
Roger Moss
President and CEO
Batero Gold Corporation

ABOUT BATERO GOLD

Batero Gold Corp. is a precious and base metals exploration and development Company focused on two primary objectives. The first of these objectives is the advancement of the La Cumbre oxide deposit. La Cumbre is located within the Company's 100% owned Batero-Quinchia Gold Project, which sits within Colombia's emerging and prolific Mid Cauca gold and copper belt. Batero is moving the La Cumbre oxide deposit towards the goal of making a production decision, once the appropriate level of study has been completed, and intends to first target the near and at surface higher grade oxidized gold mineralization at the deposit. Batero's second objective is to pursue opportunities to acquire prospective high-grade, production focused mineral properties in Colombia and Latin America. In pursuing both these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners. Shares of the Vancouver-based company trade on the TSX Venture Exchange under the symbol "BAT".

FORWARD LOOKING STATEMENTS

Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

Forward-looking statements or information may relate to, among other things: developing the most efficient and cost-effective leach processing circuit for the Cumbre gold deposit; the timing and scope of expected Diamond drilling; resource estimates; grades on the Batero-Quinchia project; scope of mineralization within the Batero-Quinchia project; receipt and/or timing of required permits and regulatory approvals; the sufficiency of the Company's capital to finance the Company's operations; and geological interpretations and potential mineral recovery processes.

Forward-looking statements and information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and, other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements or information in the event that circumstances or management's assumptions, beliefs, expectations or opinions should change, or there should occur or develop changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | Colombia | All
Gold and Silver Prices for these countries : Canada | Colombia | All

Batero Gold Corp

EXPLORATION STAGE
CODE : BAT.V
ISIN : CA0705051021
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Batero Gold is a gold exploration company based in Canada.

Its main exploration property is BATERO QUINCHIA in Colombia.

Batero Gold is listed in Canada. Its market capitalisation is CA$ 6.9 millions as of today (US$ 5.0 millions, € 4.7 millions).

Its stock quote reached its highest recent level on March 04, 2011 at CA$ 6.57, and its lowest recent point on September 08, 2023 at CA$ 0.02.

Batero Gold has 115 182 383 shares outstanding.

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Financings of Batero Gold Corp
11/2/2012Announces Private Placement of $17.8 Million at 46% Premium ...
4/30/2012Closes $6.3 Million Special Warrant Financing
4/16/2012Announces Upsize to Proposed Special Warrant Financing for G...
11/28/2011Announces Closing of C$7.2 Million Bought Deal Private Place...
Option Grants of Batero Gold Corp
2/21/2011Grants Options
Nominations of Batero Gold Corp
6/29/2012Announces Appointments to Advisory Board and Director Resign...
6/28/2012Appoints Leonard (Len) Harris to Board of Directors
12/14/2011Announces Appointment of Dr. Darryl Lindsay to Senior Vice P...
10/5/2011Appoints Dr. Darryl Lindsay as Chief Operating Officer
Project news of Batero Gold Corp
9/13/2012Expands Higher Grade Core of Oxidized Gold Mineralization at...
7/26/2012Reports Additional Metallurgical Results from La Cumbre Depo...
7/20/2012Commences Drill Program at La Cumbre Deposit
7/18/2012Announces Work Program to Assess Development of La Cumbre De...
3/22/2012Reports Preliminary Oxide Resource Potential and Metallurgic...
2/27/2012Initial 43=2D101 Resource Estimate
1/13/2012RELEASES FINAL DRILL RESULTS FROM 55=2C755 METRE DRILL PROGR...
12/15/2011Extends Mineralization
12/13/2011secures 100 percent ownership of surface rights in immediate...
12/7/2011Drill Results News Release
9/16/2011Drills Vertical Hole Intersecting 751.00 metres Grading 0.54...
5/10/2011Completes 100% Acquisition of Two Historic Gold Mines on Bat...
4/1/2011PDAC- Toronto March 2011 - Batero-Quinchia Project Colombia ...
3/7/2011(Batero Quinchia)Intersects 460.00 Metres Grading 0.70 g/t Gold and 0.12% Cop...
2/17/2011(Batero Quinchia)Intersects 519.70 Metres Grading 0.80 G/T Gold and 0.14% Cop...
2/11/2011Initiates Preliminary Metallurgical Testing on the Batero-Qu...
Corporate news of Batero Gold Corp
12/1/2015Batero Gold Corp. Appoints Juan David Uribe as Chairman
11/6/2015Batero Gold Corp. Closes Private Placement With CB Gold
10/15/2015Batero Gold Corp. Appoints Mr. Felipe Ferraro as President a...
10/8/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. Pur...
10/6/2015Batero Acquires All CB Gold Common Shares Deposited to the B...
9/24/2015Batero to Acquire All Shares Tendered to Its Superior Offer ...
9/18/2015Batero Remains Committed to Its Superior Offer and Extends B...
9/15/2015Batero Bid Remains the Best Option for CB Gold Shareholders
9/15/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/12/2015Red Eagle's Allegations Dismissed by BCSC -- Batero's Bid Re...
9/9/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/9/2015Batero Mails Increased Offer to Acquire CB Gold and Acquires...
9/8/2015Batero Announces Entering Into of a Letter of Intent for Pro...
9/5/2015Batero Significantly Raises Offer to Acquire CB Gold
9/4/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
9/1/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/27/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/25/2015Batero Gold Corp. Reaffirms Superior Proposal to Acquire All...
8/25/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in ...
8/21/2015Batero Gold Corp. Acquires Common Shares of CB Gold Inc. Thr...
8/12/2015Batero Gold Corp. Commences Offer To Acquire CB Gold Inc.
8/11/2015Batero Gold Corp. Commences Offer to Acquire CB Gold Inc.
7/24/2015IIROC Trading Resumption - BAT
7/24/2015Batero Gold Announces Friendly Acquisition of CB Gold
7/24/2015IIROC Trading Halt - BAT
7/9/2015Batero Samples 2.64 g/t Au in La Cumbre Oxide
3/24/2015Investors See A Silver Lining In Europe's Plain Packaging La...
3/1/2015Batero Provides Exploration and Corporate Update
1/28/2015Batero Reports Results of Oxide Sampling Program
12/18/2014Batero Provides Corporate Update
6/3/2014Batero Provides Corporate Update
4/8/2014Batero Launches Corporate Shared Value Alliance Program In Q...
11/5/2013Announces Preliminary Economic Assessment for the Batero-Qui...
10/2/2013Receives Confirmation of Registration of Concession Contract
9/19/2013Provides Corporate Update
9/19/2013PRESIDENT AND CEO STEPS DOWN
6/18/2013to Commence Drilling On Two New Oxide Targets at La Cumbre
5/14/2013Provides Corporate Update
3/21/2013Releases 2012 CSR Report=2C Outlines Key Programs Integral T...
1/7/2013Announces Conversion of Subscription Receipts and New Board ...
7/5/2012Adopts Shareholder Rights Plan
6/18/2012Announces Receipt for Final Prospectus for the Qualification...
5/15/2012Clarifies Technical Disclosure
3/14/2012Files NI 43=2D101Technical Report and Announces 2012 Plans
3/14/2012Files 43=2D101 on Sedar and Provides Update
1/18/2012in Globe and Mail Newspaper + Presentation Invitation
1/16/2012Concession Agreement Confirmation
10/12/2011Reports Further Drilling Results from Batero-Quinchia Projec...
8/30/2011Reports Further Drilling Results from Batero-Quinchia Projec...
5/19/2011Drills Deepest Mineralized Intercept to Date in Vertical Hol...
5/5/2011Provides Corporate Update
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