Mr. Francisco de Undurraga has been appointed by Condor Resources Inc., a mineral exploration specialists focusing on generating Copper and Gold projects in South America, to join the Company’s Technical Advisory Board.
Mr. de Undurraga is a resident of Santiago, Chile, a significant shareholder of the Company, and formerly served as a director.
Mr. de Undurraga is a member of the board of Sundance Investment LLC, a company controlled by Citigroup Venture Capital International (CVCI), operating in oil exploration in the Peruvian Amazonia since 2006. He is also the founder and Chairman of FIP Ariston Cima, a private investment fund based in Santiago, Chile, since 2004, and managed by BTG Pactal, one of the most important South American investment banks.
Ariston Cima manages diversified investments in the forestry, real estate, oil and mining exploration and financial sectors. Mr. de Undurraga has had an extensive corporate executive career, holding positions as senior executive and CEO in several Chilean based companies that include Enersis and Laboratorio Chile, both with wide international operations in South America and listed on the Santiago Stock Exchange and NYSE as well. Mr. de Undurraga originally graduated as Civil-Industrial Engineer from the Universidad de Chile in Santiago, and subsequently graduated in Nuclear Engineering from the International Atomic Energy Agency (IAEA) in Madrid, Spain. He also graduated from the Stanford Executive Program at Stanford University in California.
In conjunction with his appointment to the advisory board, Mr. Undurraga has been granted 200,000 incentive options, with an exercise price of $0.12.
Source: Wall Street Journal
Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Francisco de Undurraga, Condor Resources Inc., Mineral Exploration Specialist, Copper and Gold, South America, Santiago, Chile, Sundance Investment LLC, Citigroup Venture Capital International, CVCI, Peruvian Amazonia, FIP Ariston Cima, BTG Pactal, Real Estate, Oil and Mining Exploration, Santiago Stock Exchange, NYSE, International Atomic Energy Agency, IAEA, Madrid, Spain, Stanford University, California.