Millennial Precious Metals Corp. Strengthens its Management Team with the Addition of Jason Banducci to the Position of Vice-President, Corporate Development
/ DO NOT DISTRIBUTE TO UNITED STATES NEWS WIRE SERVICES OR FOR DISTRIBUTION IN UNITED STATES./
TSXV | MPM
TORONTO, May 28, 2021 / CNW / – Millennial Precious Metals Corp. (“Millennium“or the”Company“) (TSXV: MPM) is pleased to announce today that Mr. Jason banducci has been appointed Vice President, Corporate Development for Millennial. Mr. Banducci will begin his new role with Millennial on August 3, 2021.
Mr. Banducci is a finance professional with nearly a decade of experience in corporate finance, banking, mergers and acquisitions and financial markets. Prior to joining Millennial, Jason served as Vice President, Investment Banking at Stifel GMP, where he covered the mining industry and advised clients on a wide range of strategic initiatives, including mergers and acquisitions, joint ventures, streaming and royalty transactions, strategic investments and various debts. and equity financing alternatives. Jason worked in the mining investment banking group at GMP Securities prior to its acquisition by Stifel Financial Corp. and began his career at TD Bank in the area of commercial lending. He holds an MBA from Queen’s University and a BA from University of Western Ontario. Millennial CEO Jason kosec said, “We are delighted to add Jason to our already dynamic management team. His experience in mergers and acquisitions and his know-how in the market will be a valuable asset to the company, and his previous experience working with Millennial will allow him to take over. day 1. This is another great addition to Millennial. “
Option and RSU grants
Millennial also announces today that it has granted to certain officers, directors, employees and consultants of the Company a total of 3,427,000 options to purchase common shares of the Company (“Ordinary actions“) exercisable at the price of 0.50 USD per common share for a period of five years and the vesting conditions are one quarter (1/4) at the grant, one quarter (1/4) one (1) year after the grant date, one quarter (1/4) two (2) years after the date of the grant and a quarter (1/4) three (3) years after the date of the grant. These options were granted in accordance with the Company’s stock option plan.
The Company also granted an aggregate total of 2,003,000 restricted stock units of the Company (“RSU“) to certain officers and directors of the Company under the Company’s Restricted Stock Unit Plan (the”RSU planThe full text of the PSU Plan is available on SEDAR at www.sedar.com. RSUs will vest one third (1/3) one (1) year after the grant date, one third (1/3) two (2) years after the grant date and one third (1/3) three (3)) years after the grant date. Each RSU represents the right to receive, once vested, one common share.
ABOUT MILLENNIAL PRECIOUS METALS CORP.
Millennial Precious Metals (TSX.V: MPM) is a Nevadaa development company focused on unlocking quality ounces through the responsible expansion of its seven gold projects. The Company plans to accelerate the development of its two flagship projects, Wildcat and Mountain View. The Wildcat inferred mineral resource estimate contains 776,000 ounces of Au oxide (60.8 million tonnes at 0.40 g / t gold; effective date of November 18, 2020) and the Mountain View inferred mineral resource estimate contains 427,000 ounces of Au oxide (23.2 million tonnes at 0.57 g / t gold; effective date of November 15, 2020). Each of the technical reports titled “NI 43-101 Technical Report Resource Estimate for the Wildcat Project, Pershing County, Nevada, United States“, dated November 20, 2020 with an effective date of November 18, 2020 prepared by William J. Lewis, B.Sc., geo., Rodrigo Calles-Montijo, MSc., CPG and Leonard de Souza, MAusIMM (CP) and the technical report entitled “NI 43-101 Technical Report for the Mountain View Project, Washoe Country, Nevada, United States“, dated November 25, 2020 with an effective date of November 15, 2020, prepared by William J. Lewis, B.Sc., geo., Rodrigo Calles-Montijo, MSc., CPG and Leonard de Souza, MAusIMM (CP) is available on Millennial’s Issuer Profile on SEDAR at www.sedar.com.
Millennial Precious Metals is led by an experienced management team and board of directors who have a proven track record in the financing and development of mining assets. The Company is well positioned to create value for all stakeholders by applying a systematic strategy to develop the seven gold projects over the next few years.
Leonard de Souza, P. Geo., Is the Qualified Person for the scientific and technical information contained in this press release and is an Independent Qualified Person within the meaning of National Instrument 43-101.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding Millennial’s objectives and business development plans.
The forward-looking information contained in this press release is based on certain factors and assumptions. Although Millennial considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves risks, uncertainties and other known and unknown factors that may cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by the forward-looking information. These factors include the risks inherent in the exploration and development of mineral deposits, including risks associated with changes in project parameters as plans continue to be redefined, risks associated with variations in grade or recovery rates, risks associated with variations in mineral prices and global demand. and mineral sourcing, risks associated with increased competition and current global financial conditions, access and supply risks, dependence on key personnel, operational risks, regulatory risks, including including risks associated with the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, property and environmental risks and risks associated with health pandemics and the epidemic of communicable diseases, such as current outbreak of the novel coronavirus, COVID-19.
In addition, these forward-looking statements reflect the current opinions of management and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by forward-looking statements, including: (1) a slowdown in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decrease in demand for precious metals, (4) a number of events or causes that may delay the exploration and development of property interests, such as environmental responsibilities, weather conditions, mechanical failures, safety issues and labor issues, (5) the risk that the company failure to execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permits and financing, and (8) other unrelated factors of the will of society. These forward-looking statements are made as of the date of this press release and Millennial assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differ from those projected in the forward-looking statements, except in accordance with 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 Millennial Precious Metals Corp.
For more information: Jason Kosec, President and CEO, [email protected], Dir.: 250-552-7424