Prime Mining Announces Appointment of New CFO
August 04 2020 - 8:00AM
Prime Mining Corp. (
TSX.V: PRYM)
(OTCQB:
PRMNF) (
Frankfurt: A2PRDW)
(“
Prime” or the “
Company”) is
pleased to announce effective August 1, 2020 the appointment of Ian
Harcus as Chief Financial Officer, replacing Mr. Simon Anderson who
relinquishes his role as Chief Financial Officer but will remain
with the Company in a transition capacity.
Mr. Harcus is a Chartered Professional
Accountant (CPA, CA) with more than 12 years of financial and
accounting experience. He has an extensive background in financial
management and reporting, corporate transactions and working with
international jurisdictions including Mexico. Prior to joining
Prime, he served as Chief Financial Officer and Vice President
Finance at Alio Gold Inc., which was recently acquired by Argonaut
Gold Inc. He has held public accounting positions with Grant
Thornton LLP and Ernst and Young.
Daniel Kunz, CEO and Director stated, “We
welcome Ian to the team and look forward to working with him as
Prime continues to advance our exciting Los Reyes gold-silver
project in Sinaloa, Mexico.”
The Company’s Board of Directors has approved
the granting of incentive stock options to management and
consultants, to purchase up to an aggregate of 425,000 common
shares in the capital stock of the Company at a price of $1.92 per
share for a period of 5 years. The options will vest 1/3
immediately as of the date of grant; 1/3 six months after the date
of the grant; and 1/3 twelve months after the date of the
grant. This stock option grant is subject to acceptance by
the TSX Venture Exchange.
About Prime Mining Corp.
Prime’s management team has an ideal mix of
successful capital markets and mining executives and experienced
local exploration personnel. Prime is actively exploring the
historic Los Reyes gold and silver project in Sinaloa, Mexico. Los
Reyes has a current measured and indicated in-pit oxide mineral
resource for the Property of 19.8 million tonnes containing 633,000
gold ounces at 1.0 gpt and 16,604,000 silver ounces at 26.2
gpt. Los Reyes holds substantial resource upside based on
open extensions of known resources, ten kilometres of undrilled
strike length and at least eight additional exploration targets.
Prime Mining has a well-planned capital structure with significant
management and insider ownership. For more information please visit
www.primeminingcorp.ca and follow us on Twitter, Facebook or
LinkedIn.
ON BEHALF OF THE BOARD OF DIRECTORS
Daniel KunzChief Executive Officer
For further information, please
contact:
Daniel KunzChief Executive
Officer and DirectorPrime Mining Corp.1307 S. Colorado Ave.Boise,
Idaho 83706Telephone: 1-208-926-6379 officeemail:
dan@dkunzassoc.com
Andrew Bowering Executive Vice
President and DirectorPrime Mining Corp.1507 – 1030 West Georgia
StreetVancouver, BC, V6E 2Y3Telephone: (604) 428-6128Facsimile:
(604) 428-6430E: andy@primeminingcorp.ca
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.
Forward Looking
InformationInformation set forth in this document may
include forward-looking statements. While these statements reflect
management's current plans, projections and intents, by their
nature, forward-looking statements are subject to numerous risks
and uncertainties, some of which are beyond the control of the
Company. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on these forward-looking
statements. There is no assurance the transactions noted above will
be completed on the terms as contemplated, or at all. The
Company’s actual results, programs, activities and financial
position could differ materially from those expressed in or implied
by these forward-looking statements.
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