Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(A) Mr. Pedro Ignacio Teran Cruz has resigned from the DynaResource, Inc. Board
of Directors effective July 5, 2022, for personal reasons. Mr. Teran Cruz will
continue to serve the Company as its Exploration Manager and Chief Geologist.
(B) Rene López Felix Mladosich, the current General Manager at the San José de
Gracía gold project, has been appointed to fill the vacancy on the Board of
Directors of the Company occasioned by the resignation of Mr. Teran Cruz. Mr.
Mladosich will serve on the Board of Directors for the unexpired portion of Mr.
Teran Cruz's term of office, that is, until the next annual meeting of
stockholders, anticipated to occur later in fiscal year 2022. Mr. Teran Cruz was
originally elected to the Board of Directors of the Company by the holder of all
of the issued and outstanding shares of Series A Preferred Stock of the Company,
and accordingly, the vacancy has been filled by an appointment signed by the
holder of all of the issued and outstanding shares of Series A Preferred Stock
of the Company.
Mr. Mladosich brings over 30 years of direct experience in the mining industry
in Mexico to DynaResource. He has worked for companies such as Campania Mineras
de Cananea, Campania Minera Hecla (Hecla Mining), Campania Minera Pangea,
Campania Minera Dolores (Minefinders), Minera Alamos de Sonora, and Campania
Minera Pena de Bernal (Starcore International Mines). Mr. Mladosich has also
provided consulting services to companies such as Minefinders, Pan American
Silver and Scorpio.
Mr. Mladosich is a proven and successful manager in Mexico with experience in
the following areas: general management, underground and open pit operations,
process plant recovery and optimization, construction, exploration, logistics,
permitting, environmental, and plant and pit design.
Mr. Mladosich holds a B.S. degree from the University of Sonora, where he was
awarded First of the Class 6 times; and Mr. Mladosich studied 1 year of
metallurgy in the Master's Degree work program at the University. Mr. Mladosich
speaks fluent Spanish and English and has studied French under the French
Embassy Program in Mexico.
Mr. Mladosich was previously the General Manager at the San José de Gracía
Project from January 2016, through June 2017, and was appointed General Manager
at San Jose de Gracía Project again in October 2019.
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