SilverCrest (TSXV: $SIL.V)
Provides Corporate Update
VANCOUVER
- December 12, 2016 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: $SIL.V) is pleased to announce that N. Eric Fier, President
of the Company has returned from his partial leave of absence due to medical
reasons and will resume his full‑time duties as Chief Executive Officer,
effective January 1, 2017.
Dunham
Craig, Interim Chief Executive Officer of the Company will continue to assist
with CEO responsibilities on an interim basis until January 1, 2017.
Graham
Thody, Chairman of the Board, stated: "We are very pleased that Eric has
made an excellent recovery from a medical procedure, and speaking for the
entire Board and management team, we are very excited to see Eric resume his
leadership role with the Company on a full-time basis. We wish to thank Dunham
for so ably assuming the CEO role during Eric's absence."
The
Company is also pleased to announce that Anne Yong, currently the Company's
Controller, will succeed Barney Magnusson as Chief Financial Officer, who will
step down from the CFO role to become Executive Vice‑President effective
January 1, 2017. Mr. Magnusson will also remain as a Director of SilverCrest.
N.
Eric Fier, President and CEO, stated: "I would like to thank Barney for
his outstanding contribution to the Company as CFO and I look forward to
working with him in his new role as Executive Vice‑President. I also look
forward to working with Anne in her new capacity as CFO. Her experience and
knowledge of SilverCrest as well as her financial acumen makes her the perfect
fit for her new role."
Mrs.
Yong is a CPA, CA with over ten years of accounting knowledge gained from
industry, public practice and government regulatory work experiences. Prior to
her role as Controller with the Company, she was the Corporate Compliance and
Disclosure Officer of SilverCrest Mines Inc. She has brought to the SilverCrest
team her technical expertise and experiences as a Public Company Assurance
Group Manager of a Vancouver Chartered Professional Accounting
("CPA") firm, primarily servicing reporting issuers listed on the TSX
and TSX Venture Exchange. During her seven years with this CPA firm, she also
completed a 13-month secondment with the British Columbia Securities Commission
as a Securities Analyst gaining valuable knowledge in B.C. and Canadian
regulatory and financial reporting requirements for public company issuers as
well as prospectus filing requirements in Canada.
The
Company also announces the grant of stock options under its Stock Option Plan
to purchase an aggregate of 1,525,000 common shares of the Company at an
exercise price of $2.30 per share for a five year term expiring December 9,
2021. The stock options were granted to directors, officers, employees and
consultants of the Company and are subject to any necessary regulatory
approvals.
The
stock options shall vest as to 25% of the Optioned Shares on each of March 9,
2017, June 9, 2017, September 9, 2017 and December 9, 2017, respectively.
SilverCrest
is a Canadian precious metals exploration company headquartered in Vancouver,
BC, that is focused on new discoveries, value-added acquisitions and targeting
production in Mexico’s historic precious metal districts. The Company is led by
a proven management team in all aspects of the precious metal mining sector,
including the pioneering of a responsible “phased approach” business model
taking projects through discovery, finance, on time and on budget construction,
and production with subsequent increased value to shareholders.
N. Eric Fier, CPG, P.Eng.
CEO and President
SilverCrest Metals Inc.
CEO and President
SilverCrest Metals Inc.
Neither
TSX Venture Exchange nor its Regulation Services Provider (as defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains
"forward-looking statements" within the meaning of Canadian
securities legislation. Such forward looking statements concern the net
proceeds from the Offering and the intended use of proceeds. Such forward
looking statements or information are based on a number of assumptions, which
may prove to be incorrect. Assumptions have been made regarding, among other
things: conditions in general economic and financial markets; timing and amount
of capital expenditures; and effects of regulation by governmental agencies.
The actual results could differ materially from those anticipated in these
forward looking statements as a result of the risk factors including: the
availability of funds; the timing and content of work programs; results of
exploration activities of mineral properties; the interpretation of drilling
results and other geological data; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date the statements were made. The Company
undertakes no obligation to update or revise any forward-looking statements
included in this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Contact:
SilverCrest Metals Inc.
Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1730 (Canada & USA)
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1730 (Canada & USA)
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