MONTREAL, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “ Company ” or “ Osisko Metals ”) (TSX-V: OM; FRANKFURT: OB5) is pleased to announce changes to its management team. Effective immediately, Mr. Robert Wares, currently Chairman of the Board of Osisko Metals, will be named Executive Chairman of the Company. Mr. Wares is a professional geologist with over 35 years’ experience in mineral exploration and development, and was one of the three original founders of Osisko Exploration/Osisko Mining Corp. Mr. Wares was a co-winner of the Prospectors and Developers Association of Canada’s “Prospector of the Year Award” for 2007, and was named, together with John Burzynski and Sean Roosen, as “Mining Men of the Year” for 2009 by the Northern Miner. Mr. Wares is currently President and Director of the Ordre des Géologues du Québec, and sits on the Board of Directors of Titan Mining and Komet Resources Inc. Mr. Wares has a BSc. and an Honorary Doctorate in Earth Sciences from McGill University.
Jeff Hussey, President of Osisko Metals, commented: “Bob has been instrumental in developing the vision of Osisko Metals. In my point of view he is the best mining project generator in both the gold and base metal space. This has led to the discovery of the Canadian Malartic (gold) and Taylor (zinc) mines. As we continue to move our flagship projects forward, Bob’s regular involvement in exploration, resource base development, as well as his extensive network in the financial markets, will undoubtedly move Osisko Metals to the next level.”
Osisko Metals also welcomes aboard, effective immediately, Mr. Anthony Glavac CPA, CA, as Chief Financial Officer and Ms. Lili Mance as Corporate Secretary. Mr. Anthony Glavac has over 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Mr. Glavac has served as Vice-President, Corporate Controller for Falco Resources Ltd. and previously served as Director, Financial Reporting and Internal Controls at Dynacor Gold Mines and Interim Chief Financial Officer at Alderon Iron Ore Corp. Prior to joining Alderon, Mr. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Mr. Glavac is also involved with other public companies in the mining industry.
Paul Dumas, Executive Vice President, Finance, comments, “We are very pleased to have Anthony join our team. His extensive experience in financial reporting, internal controls and involvement within the mining sector will be beneficial to the Company as we position ourselves for continued growth. With operations at our Bathurst Mining Camp in NB and Pine Point Project in the NWT, Mr. Glavac’s managerial skills and financial knowledge will optimise efficiencies.
Lili Mance is currently Vice President and Corporate Secretary of Osisko Mining and has 30 years’ experience in the financial, wealth management and resource industries serving in a legal, compliance and corporate secretarial capacity. Lili spent 18 years with the Dundee group of companies in various legal and compliance roles, most recently as Vice President and Corporate Secretary of Dundee Corporation and its various public and private subsidiaries. Before joining Dundee, Lili spent over 10 years as a corporate, securities and tax clerk with two top tier Toronto law firms. Lili is a member of the Institute of Corporate Directors and has been a member of the Governance Professionals of Canada since 2004.
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps in Canada, namely the Pine Point Camp (“PPMC”) located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp (“BMC”), located in northern New Brunswick (63,000 ha). The Company is currently drilling in both mining camps for a combined 100,000 metre program. The focus of these programs is to upgrade historical resources to comply with NI43-101 regulations and also on exploration around historical deposits. Brownfield exploration includes new innovative 3D compilation techniques, updated geological interpretation, and modern geophysics. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers for opportunities.
| For further information on Osisko Metals, visit www.osiskometals.com or contact: | |
| Jeff Hussey President & CEO Osisko Metals Incorporated (514) 861-4441 Email: info@osiskometals.com www.osiskometals.com | Christina Lalli Director, Investor Relations Osisko Metals Incorporated (514) 861-4441 Email: info@osiskometals.com www.osiskometals.com |
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This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com . Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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