VANCOUVER, July 16, 2019 /CNW/ - PRIZE MINING
CORPORATION ("Prize" or the "Company") (TSXV:PRZ)
(OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that the Company has
appointed Mr. Dino Minichiello to
the Company's Board of Directors. The Company is also,
subject to regulatory approval, awarding options to directors,
officers, employees and consultants to the company.
"We are pleased to have Mr. Minichiello join the Prize board
as an independent director," stated Michael McPhie, President & CEO of Prize
Mining. "His many years of raising capital and translating
that into business success will be of real value to the future of
the company."
"I look forward to working with the Prize team to create
value for shareholders," said Dino
Minichiello.
Dino Minichiello
Mr. Minichiello is a venture capitalist and entrepreneur, and
founder and co-founder of several apparel companies and investment
companies. Mr. Minichiello notably was the founder and CEO of
Triumph Capital, a Canadian private equity and investment banking
firm that combines capital support with hands-on executive
consultation, raising millions of dollars in the private space.
Grant of Options
The Company announced today that, subject to regulatory
approval, it has granted a total of 6,700,000 options to purchase
common shares of the Corporation (the "Options") to certain
directors, officers, employees and consultants of Prize in
accordance with the Company's 10% rolling stock option plan. The
Options have an exercise price of $0.05 per common share and an expiry date of
July 16, 2024. A total of
157,735,565 common shares of the Corporation are now issued
and outstanding.
Of the Options granted above, 5,400,000 Options were granted to
directors and officers of Prize. Prize has determined that there
are exemptions available from the various requirements of TSX
Venture Policy 5.9 and Multilateral Instrument 61-101 for the
issuance of these options (Formal Valuation – Issuer Not Listed on
Specified Markets; Minority Approval – Fair Market Value Not More
Than $2,500,000).
About Prize Mining Corp.
Prize is a junior mining issuer listed on the TSX Venture
Exchange. Prize is focused on the exploration and development
of the Manto Negro Copper Property in Mexico and the Kena Gold Property in BC.
Find out more at: www.prizemining.com
Follow Prize Mining on Social Media:
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Reader Advisory
Forward-Looking Statements. This news release contains
forward-looking statements. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate",
"scheduled", "potential", or other similar words, or statements
that certain events or conditions "may", "should" or "could"
occur.
The reader is cautioned that assumptions used in the preparation
of such information, although considered reasonable by the Company
at the time of preparation, may prove to be incorrect and readers
are cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date hereof. The
Company does not undertake any obligation to release publicly any
revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or
to reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws.
Neither the 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.
SOURCE Prize Mining Corporation
