VANCOUVER - January 4, 2017 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: $SIL.V) is pleased to announce the appointment of Mr. John Wright to the Board of Directors of the Company.
Mr. Wright was a founder, director and former President and Chief Operating Officer of Pan American Silver Corp. He has also been a director of Lumina Copper Corp., Northern Peru Copper Corp., Regalito Copper Corp. and Capstone Mining Corp. The first 10 years of his career were spent with Teck Cominco where he worked at the Trail Smelter operations and later participated in the management of the feasibility studies, marketing and mine construction at the Afton, Highmont, Bull Moose and David Bell Mines . Mr. Wright is a Metallurgical Engineer and Honours graduate of Queens University in Ontario.
N. Eric Fier, President and CEO, stated: "John brings a wealth of technical and corporate expertise from a 40-year career with emphasis on underground mine construction and operations in Mexico and South America . His success on technical, corporate and market matters will further enhance our current Board. As the Company's successful exploration progresses at the Las Chispas Project in Mexico , Mr. Wright's skill set in underground mining will be critical for project development."
The Company granted a stock option under its Stock Option Plan to Mr. Wright for the purchase of 100,000 common shares of the Company at an exercise price of $2.55 per share for a five year term expiring January 3, 2022 . The stock options vest as to 25% of the Optioned Shares on each of April 3, 2017 , July 3, 2017 , October 3, 2017 and January 3, 2018 , respectively and are subject to any necessary regulatory approvals.
ABOUT SILVERCREST METALS INC.
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.
SOURCE: SilverCrest Metals Inc.
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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