VANCOUVER, April 16, 2019
/CNW/ - Boreal Metals Corp. ("Boreal" or the
"Company") (TSXV:BMX) is pleased to announce its Board of
Directors have appointed Patricio
Varas as Chief Executive Officer. Mr. Varas,
alongside, Karl Antonius, who continues to hold the position of
President of the Company, have been integral to the creation and
public company development of Boreal as a successful exploration
company since its inception in 2016.
"Boreal continues its focused strategy on exploring for base
metal deposits in exceptional, historic mining project areas in
Scandinavia. This corporate strategy is leveraging the
extensive and proven track-record of Boreal's management team in
exploring, identifying, and discovering economically viable
deposits. As part of this strategy, we are excited to
announce the strengthening of our management team," stated Karl
Antonius, President.
Mr. Varas has over 30 years of experience in the mining
industry, during which time he has built an impressive track record
in exploration, discovery, operational and executive management
experience. Mr. Varas is a professional Geoscientist with extensive
and diverse technical experience in the discovery of economic
mineral deposits such as the Santo Domingo Sur IOCG deposit in
Chile, the Milestone potash
deposit in Saskatchewan and the
Diavik diamond mine in the NWT. Mr. Varas will be leading
Boreal's technical committee that includes Rodney Allen, a regional VMS expert formerly of
Boliden, Dan MacNeil, the Company's
VP Exploration, and our technical advisors , Eric Jensen and David
Maher, from our strategic partner EMX Royalty Corp. ("EMX"),
bringing together exceptional technical knowledge to guide Boreal's
exploration efforts.
Boreal is pleased to announce the appointment of Alexandra Woodyer Sherron to the role of Vice
President Corporate Development. She will continue to fulfil
her roles as Chief Financial Officer and Corporate Secretary.
Ms. Woodyer Sherron brings extensive investment banking experience
evaluating projects, M&A, joint ventures, corporate and project
finance, along with implementing corporate growth and strategic
planning.
Boreal is also excited to announce Donald Mosher has joined the executive
management team as Vice President Capital Markets. Mr. Mosher
brings over 30 years of Canadian capital markets experience to the
Boreal team including strategic marketing, shareholder
communications, media relations and fundraising.
Boreal is further pleased to announce it has retained the
services of Renmark Financial Communications Inc. ("Renmark") to
contribute with its media relations activities.
"We are pleased to announce that we have selected Renmark to
reinforce Boreal's profile in the financial community and
enhance the visibility of our company. We chose Renmark
because its standards and methodologies fit best with the message
that we wish to communicate to the investing public, due to their
extensive experience working with the mining sector," stated
Patricio Varas, CEO.
In consideration of the services to be provided, the monthly
fees incurred by Boreal will be a cash consideration of up to
$8,000. Renmark does not have
any interest, directly or indirectly, in Boreal or its securities,
or any right or intent to acquire such an interest.
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the discovery
of zinc, copper, silver, gold, cobalt and nickel deposits in
exceptional, historical mining project areas spanning Sweden and Norway. The Company aims to
discover new economic mineral deposits in known mining districts
that have seen little or no modern exploration. The Company
is led by an experienced management team and technical team, with
successful track records in mineral discovery, mining development
and financing.
On behalf of Boreal Metals Corp.
Patricio Varas, Chief Executive
Officer
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward‐looking statements". Forward‐looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or
"should" occur. Although Boreal believes the
expectations expressed in such forward‐looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward‐looking statements. Such material risks and
uncertainties include, but are not limited to, Boreal's ability to
raise sufficient capital to maintain its mineral tenures and
concessions in good standing, to explore and develop its projects,
to repay its debt and for general working capital purposes; changes
in economic conditions or financial markets; the ability of Boreal
to obtain the necessary permits and consents required to explore,
drill and develop the projects and if obtained, to obtain such
permits and consents in a timely fashion relative to Boreal plans
and business objectives for the projects; the general ability of
Boreal to drill test its projects and find mineral resources; if
any mineral resources are discovered or acquired, the Company's
ability to monetize any such mineral resources; and changes in
environmental and other laws or regulations that could have an
impact on the Company's operations. Forward‐looking statements are
based on the reasonable beliefs, estimates and opinions of Boreal
management on the date the statements are made. Except as required
by law, Boreal undertakes no obligation to update these
forward‐looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
SOURCE Boreal Metals