VANCOUVER - December 12, 2016 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: $SIL.V) is pleased to announce that N. Eric Fier, President of the Company has returned from his partial leave of absence due to medical reasons and will resume his full‑time duties as Chief Executive Officer, effective January 1, 2017.
Dunham Craig, Interim Chief Executive Officer of the Company will continue to assist with CEO responsibilities on an interim basis until January 1, 2017.
Graham Thody, Chairman of the Board, stated: "We are very pleased that Eric has made an excellent recovery from a medical procedure, and speaking for the entire Board and management team, we are very excited to see Eric resume his leadership role with the Company on a full-time basis. We wish to thank Dunham for so ably assuming the CEO role during Eric's absence."
The Company is also pleased to announce that Anne Yong, currently the Company's Controller, will succeed Barney Magnusson as Chief Financial Officer, who will step down from the CFO role to become Executive Vice‑President effective January 1, 2017. Mr. Magnusson will also remain as a Director of SilverCrest.
N. Eric Fier, President and CEO, stated: "I would like to thank Barney for his outstanding contribution to the Company as CFO and I look forward to working with him in his new role as Executive Vice‑President. I also look forward to working with Anne in her new capacity as CFO. Her experience and knowledge of SilverCrest as well as her financial acumen makes her the perfect fit for her new role."
Mrs. Yong is a CPA, CA with over ten years of accounting knowledge gained from industry, public practice and government regulatory work experiences. Prior to her role as Controller with the Company, she was the Corporate Compliance and Disclosure Officer of SilverCrest Mines Inc. She has brought to the SilverCrest team her technical expertise and experiences as a Public Company Assurance Group Manager of a Vancouver Chartered Professional Accounting ("CPA") firm, primarily servicing reporting issuers listed on the TSX and TSX Venture Exchange. During her seven years with this CPA firm, she also completed a 13-month secondment with the British Columbia Securities Commission as a Securities Analyst gaining valuable knowledge in B.C. and Canadian regulatory and financial reporting requirements for public company issuers as well as prospectus filing requirements in Canada.
The Company also announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 1,525,000 common shares of the Company at an exercise price of $2.30 per share for a five year term expiring December 9, 2021. The stock options were granted to directors, officers, employees and consultants of the Company and are subject to any necessary regulatory approvals.
The stock options shall vest as to 25% of the Optioned Shares on each of March 9, 2017, June 9, 2017, September 9, 2017 and December 9, 2017, respectively.
SilverCrest Metals Inc. (SIL.V) is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects through discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.
N. Eric Fier, CPG, P.Eng
President & CEO
SilverCrest Metals Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward looking statements concern the net proceeds from the Offering and the intended use of proceeds. Such forward looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the availability of funds; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
SilverCrest Metals Inc.
Fred Cooper, Investor Relations
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