Mineworx Appoints A.J. (Pine) Pienaar to Board of Directors
January 15 2018 - 8:00AM
Mineworx Technologies Ltd., (the
"
Company" or "
Mineworx")
(TSX-V:MWX) (OTCQB:MWXRF) (FSE:YRS WKN:A2DSW3) is pleased to
announce the appointment of A.J. (Pine) Pienaar as a non-executive
member of the Board of Directors on January 11, 2018. He will be
replacing Brent Fleischhacker, who is standing down to facilitate
Mr. Pienaar’s appointment, having been a director since June, 2015.
Mr. Pienaar was formerly the CEO of JPMorgan
Asset Management Canada (Inc.) and the Managing Director (Chief
Representative) of JPMorgan Investment Management (JPMIM) from 1993
to 2005, where he established the Canadian office for JPMIM in
1993. During this period, Mr. Pienaar spearheaded building the
franchise from $450 million in assets under management in 1993 to
over $12 billion in 2005, as well as building a sub-advisory/retail
business to over $2 billion. Pine retired early in 2005. Mr.
Pienaar became a Senior Vice President of the Alberta Investment
Management Corporation (AIMCo) in 2010, where he was actively
involved in the corporation’s transformation as a new arm’s length
Investment Management Crown Corporation until his retirement in
2013. Mr. Pienaar was a Principal (Partner) at Towers Perrin Asset
Consulting in Toronto from 1988 to 1993 and a Director of Pension
Investments at Moore Corporation in Toronto from 1985 to 1988
overseeing the global pension strategy in 54 countries.
“The management and Board of Directors are
delighted with the addition of Pine to our board,” commented CEO,
Greg Pendura. “Pine brings a wealth of experience to the Company in
the areas of strategic and financial planning as well as executive
leadership. I would also like to take this opportunity to thank
Brent Fleischhacker for his significant contribution to Mineworx as
a director.”
Concurrent with Mr. Pienaar’s appointment, the
Company has granted him an aggregate of 300,000 options to purchase
common shares of the Company. The options expire at the end of five
years with an exercise price of $0.26 per common share.
About Mineworx
Mineworx is positioned for growth through
partnerships with advanced mining and E-Waste opportunities
utilizing its proprietary and patent pending extraction
technologies. These innovations will increase and enhance business
opportunities by deploying cost effective, environmentally friendly
extractive metallurgy solutions. 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.
For further information, go to www.mineworx.net
For further information
contact:
MINEWORX TECHNOLOGIES
LTD. Rick
Gliege, V.P. Corporate Development250-751-3661rick@mineworx.net
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