Adventus Zinc Hires New Full-Time Chief Financial Officer and Announces Option Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - Oct. 16, 2017) - Adventus Zinc Corporation ("Adventus" or the "Company") (TSX VENTURE:ADZN) is pleased to announce the hiring of Frances Kwong as its VP, Finance, Chief Financial Officer and Corporate Secretary. As a result, the administrative agreement with Adventus' largest shareholder, Altius Minerals Corporation ("Altius") pursuant to which Altius provided, among other things, personnel for the role of chief financial officer and corporate secretary to Adventus will terminate at the end of November 2017.
Frances is a fellow of the Institute of Chartered Accountants in England and Wales, and a CPA CGA. Frances has extensive experience in senior executive positions in various industries, both internationally and in Canada. She has over 10 years of experience in the mining sector and acted as CFO for Vaaldiam Mining Inc. and as consultant for a mine fund.
On October 16, 2017, the Company has granted 250,000 stocks options to Ms. Kwong exercisable at $0.93 per share expiring in 5 years, and vesting over a 3‐year period in accordance with the terms of the Company's Stock Option Plan and subject to regulatory approval.
Adventus is a newly formed company focused on global zinc exploration and development. It currently has a large prospective land package in Ireland and Eastern Canada, and is earning a 75% ownership interest in the Curipamba polymetallic project in Ecuador. Its major shareholders include Altius Minerals Corporation, Greenstone Resources LP and Resource Capital Funds, as well as other highly respected investors in the mining business. The Company is based out of Toronto, Canada, and is listed on the TSX-V under the symbol ADZN.
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This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus expect or anticipate will or may occur in the future. Although Adventus has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus undertakes to update any forward-looking information except in accordance with applicable securities laws.