Kevin Jennings Joins Scottie Resources as Strategic Advisor
Kevin Jennings Joins Scottie Resources as Strategic Advisor
Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) is thrilled to announce the recent engagement of Kevin Jennings as a strategic advisor. His extensive experience in mining finance will be pivotal to the Company's ongoing growth and development.
Expertise of Kevin Jennings
Kevin Jennings is a highly regarded figure in the mining finance sector. He boasts a wealth of experience in financial management and corporate transactions that have propelled businesses forward. His remarkable career includes leading financial operations for significant feasibility studies, corporate restructurings, and turnaround initiatives.
Previous Roles and Accomplishments
Mr. Jennings has an impressive resume, having served in numerous senior roles. His notable position as Chief Financial Officer for African Barrick Gold included spearheading their initial public offering. Additionally, he has held the Vice President title of Corporate Development at Barrick Gold and worked as Director of Business Optimization at Xstrata Nickel. These experiences demonstrate his exceptional leadership and strategic capabilities.
Focus on Junior Mining Ventures
Transitioning from established multinational corporations, Jennings has concentrated his efforts on enhancing junior mining enterprises, particularly in emerging markets. His considerable expertise in complex financial restructuring and operational management has propelled various development projects toward production in regions facing challenges.
A Catalyst for Growth
Mr. Jennings embodies the role of a growth catalyst in the mining sector. The President and CEO of Scottie Resources, Brad Rourke, expressed excitement about Jennings' new role, highlighting his long-standing support as a shareholder and his deep understanding of the Company's projects.
Recent Acquisition by Mr. Jennings
In a significant move to reaffirm his commitment to Scottie Resources, Mr. Jennings acquired 80,000 common shares at a price of $0.175, totaling C$14,000. Prior to this acquisition, he already owned approximately 9.977% of the Company’s outstanding shares. After the purchase, his ownership increased to about 10.003%. Jennings retains the potential to modify his ownership depending on market conditions.
Stock Options Granted
In conjunction with Mr. Jennings' engagement, Scottie Resources also announced the granting of 2,100,000 options to certain stakeholders, including directors and consultants. The options can be exercised at a price of $0.165 for a period of five years, presenting further opportunities for stakeholders to engage with the Company's growth ambitions.
About Scottie Resources Corp.
Scottie Resources Corp. has established a firm foothold in mining, owning a 100% interest in properties that include the Scottie Gold Mine. This property encompasses the Blueberry Contact Zone and is celebrated for its high-grade outputs. The Company also possesses 100% of the Georgia Project and several other properties in the Stewart Mining Camp within the renowned Golden Triangle.
Commitment to Resource Expansion
Scottie's objective is to expand known mineralization surrounding its past-producing mines. The focus remains on advancing high-grade gold targets near current operations with the goal of realizing potential resource enhancements.
Frequently Asked Questions
Who is Kevin Jennings?
Kevin Jennings is a strategic advisor with extensive experience in mining finance, having held senior roles at major companies in the sector.
What is Scottie Resources focused on?
Scottie Resources aims to expand mineral resources around its past-producing mines and advance its high-grade gold project targets.
How many shares did Kevin Jennings acquire?
Kevin Jennings purchased 80,000 common shares in Scottie Resources at a price of $0.175 per share.
What do the granted stock options entail?
2,100,000 options to acquire common shares were granted to stakeholders at an exercise price of $0.165, valid for five years.
Where are Scottie Resources' properties located?
Scottie Resources' properties are located in the Stewart Mining Camp in the Golden Triangle, one of the world's most mineral-rich districts.
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