Zenyatta Ventures Strengthens Team with the Addition of Brett Richards as Director and Chairman
November 28 2017 - 12:26PM
YASTEST
THUNDER BAY, Ontario, Nov. 28, 2017 (GLOBE
NEWSWIRE) -- Zenyatta Ventures Ltd. ("Zenyatta" or "Company")
(TSXV:ZEN) is pleased to announce the appointment of Brett A.
Richards to the Board of Directors of Zenyatta where he will also
act as Chairman.
Mr. Richards, who is based in
London, England, is a well-respected mining industry executive with
over 32 years of mining and metals business development
experience. Brett has extensive mine project
development, project financing, board and executive level
experience on 5 continents in over 20 countries. He is currently
the CEO of Midnight Sun Mining Corp. (TSXV:MMA), and has held
executive management positions for private equity shareholders in
the past including: CEO, African Thunder Platinum; CEO, Renew
Resources; and CEO, Octéa Limited. Brett is formerly the
transition CEO of Roxgold through a successful shareholder proxy
battle; was CEO of Avocet Mining plc from 2008 to 2012, and was
part of the five (5) person start-up of Katanga Mining Limited from
2005 to 2008. Brett's other publicly listed experience was in
senior executive positions with Kinross Gold and Co-Steel Inc.
Brett has significant public and
private Board and Board Committee experience both in Canada, United
Kingdom, Norway and Johannesburg. Brett is a Fellow of the
Institute of Directors in London; a member of Ontario Association
of Certified Engineering Technologists and (O.A.C.E.T.T. -
Mechanical Engineering); a member of the London Metals Exchange
(LME) and a member of the Prospectors and Developers Association of
Canada (P.D.A.C). He is currently the principal of Richards
Enterprises Inc. (CI).
Brett Richards commented, "I am
very pleased to join the Board of Zenyatta Ventures. It has become
apparent to me that Zenyatta has created considerable value from
global collaboration and development related to the Albany high
purity carbon material for conversion to an exciting nanomaterial
called graphene. I am looking forward to advancing both the
Albany graphite deposit to production and development activities of
graphene applications under ZEN-tech Materials."
Aubrey Eveleigh, President &
CEO of Zenyatta commented, "We are very pleased to add a highly
respected and accomplished mining executive of Brett Richards'
caliber to our Board. Brett is a creative leader with vision,
backed by deep technical knowledge and hands-on experience.
He will add considerable strength to our Board as we transition
through pre-feasibility and prepare for the upcoming full
feasibility study. Mr. Richards, who has a considerable network in
the industry, will assist us in our efforts to organize and meet
business objectives for both Zenyatta Ventures Ltd. and ZEN-tech
Materials Limited."
In connection with the appointment
of Brett Richards as Director and Chairman, he has been granted
stock options to purchase up to 500,000 common shares in the
capital of the Company. The options are exercisable at a price of
$0.60 for a five year period. Zenyatta will also be granting
240,000 stock options to consultants of the Company at the same
price. The grant of such options is subject to regulatory
approval.
To find out more on Zenyatta
Ventures Ltd., please visit website www.zenyatta.ca or
contact Aubrey Eveleigh, President and CEO of the Company, or you
may email at info@zenyatta.caor Tel. 807-346-1660.
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. This
news release may contain forward looking information and Zenyatta
cautions readers that forward looking information is based on
certain assumptions and risk factors that could cause actual
results to differ materially from the expectations of Zenyatta
included in this news release. This news release includes certain
"forward-looking statements", which often, but not always, can be
identified by the use of words such as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan".
These statements are based on information currently available to
Zenyatta and Zenyatta provides no assurance that actual results
will meet management's expectations. Forward-looking statements
include estimates and statements with respect to Zenyatta's future
plans, objectives or goals, to the effect that Zenyatta or
management expects a stated condition or result to occur, including
the expected timing for release of sample analyses and a
preliminary economic assessment, the expected uses for graphite in
the future, and the future uses of the graphite from Zenyatta's
Albany deposit. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results relating to, among other things, results of exploration,
metallurgical processing, project development, reclamation and
capital costs of Zenyatta's mineral properties, and Zenyatta's
financial condition and prospects, could differ materially from
those currently anticipated in such statements for many reasons
such as: changes in general economic conditions and conditions in
the financial markets; changes in demand and prices for minerals;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
and operational difficulties encountered in connection with
Zenyatta's activities; and other matters discussed in this news
release and in filings made with securities regulators. This list
is not exhaustive of the factors that may affect any of Zenyatta's
forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
Zenyatta's forward-looking statements. Zenyatta does not undertake
to update any forward-looking statement that may be made from time
to time by Zenyatta or on its behalf, except in accordance with
applicable securities laws.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Zenyatta Ventures Ltd via Globenewswire
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