Trevali Announces Leadership Transition
January 17 2019 - 8:08AM
Trevali Mining Corporate (“Trevali” or the “Company”)
(TSX:TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) wishes to
announce that as part of the Company’s ongoing transformation,
vision and strategy to be a premier global base metals mining
company, Dr. Mark Cruise plans to step down as President and Chief
Executive Officer of the Company and Mr. Mike Hoffman plans to step
down as Chair of the Board of Directors of the Company. Both
Dr. Cruise and Mr. Hoffman will continue in their current roles
until their successors are appointed in order to ensure a smooth
transition to a new leadership team for the long-term benefit of
Trevali and its stakeholders.
Dr. Mark Cruise, Trevali’s President and Chief
Executive Officer stated: “The Board and I have agreed that it
would be an appropriate time for me to step down as an executive of
the Company. Over the past decade Trevali has transformed from a
successful explorer to a multi-operational, zinc focused, global
base metal mining company. 2018 was a busy year as we built
the new management and operating teams and the Company is well
positioned for my successor to take the Company to the next stage
of its evolution. Given my intimate knowledge of the assets I look
forward to continuing to support the team going forward.”
Mr. Mike Hoffman, Chair of the Board of
Directors said: “On behalf of the Board of Directors of Trevali, I
would like to extend our sincere thanks to Mark for his vision and
commitment as President and Chief Executive Officer. He has
worked tirelessly to build Trevali into the operationally
diversified and well capitalized zinc focused producer it is today
and leaves in place an excellent team and a bright future. We are
pleased that Mark will remain with the Company in order to ensure a
successful transition as we continue our evolution from a
successful exploration company into a major producer.”
The Board of Directors has commenced searches
for a new President and Chief Executive Officer and a new Chair of
the Board. During the interim period, the Board of Directors has
formed a Transition Oversight Committee to oversee the search
process and ensure an efficient transition, and to provide
additional oversight and support to the President and Chief
Executive Officer and his team, as well as the Chair, throughout
the leadership transition.
ABOUT TREVALI MINING
CORPORATIONTrevali is a zinc-focused, base metals company
with four mines: the 90% owned Perkoa mine in Burkina Faso, the 90%
owned Rosh Pinah mine in Namibia, the wholly-owned Caribou mine in
the Bathurst Mining Camp of northern New Brunswick in Canada, and
the wholly-owned Santander mine in Peru.
The shares of Trevali are listed on the TSX
(symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange
(symbol TV), and the Frankfurt Exchange (symbol 4TI). For further
details on Trevali, readers are referred to the Company’s website
(www.trevali.com) and to Canadian regulatory filings on SEDAR at
www.sedar.com.
On Behalf of the Board of Directors ofTREVALI MINING
CORPORATION“Mike Hoffman” (signed)Mike Hoffman, Chair of
the Board of Directors
Contact Information:Steve Stakiw, Vice
President - Investor Relations and Corporate CommunicationsEmail:
sstakiw@trevali.comPhone: (604) 488-1661 / Direct: (604)
638-5623
Cautionary Note Regarding
Forward-Looking StatementsThis news release contains
“forward-looking information” within the meaning of the Canadian
securities legislation and “forward-looking statements” within the
meaning of Section 27A of the United States Securities Act of 1933,
as amended, Section 21E of the United States Exchange Act of 1934,
as amended, the United States Private Securities Litigation Reform
Act of 1995, or in releases made by the United States Securities
and Exchange Commission, all as may be amended from time.
Statements containing forward-looking information express, as at
the date of this news release, the Company’s plans, estimates,
forecasts, projections, expectations, or beliefs as to future
events or results. Such forward-looking statements and information
include, but are not limited to, statements as to the resignation
of the President and Chief Executive Officer and Chair of the Board
of Directors, the identification and appointment of a new President
and Chief Executive Officer and Chair of the Board of Directors,
and the role and activities of the Transition Oversight Committee
of the Board during the transition process.
These statements reflect the Company’s current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. If any assumptions are untrue, it could cause
actual results, performance or achievements to be materially
different from future results, performance or achievements
expressed or implied by such statements. Assumptions have been made
regarding, among other things, present and future business
strategies and the environment in which the Company will operate in
the future, including commodity prices, anticipated costs and
ability to achieve goals.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other important factors that
may cause the Company’s actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to the ability to attract suitable executive and
board leadership, the ability to grow the assets and operations of
the Company, as well as other risks as more fully described in the
Company’s annual information form for the year ended December 31,
2017, which is available on the Company’s website (www.trevali.com)
and filed under our profile on SEDAR (www.sedar.com). Investors are
cautioned against attributing undue certainty or reliance on
forward-looking statements. Although the Company has attempted to
identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated, described or intended. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affecting such statements or information, other than as
required by applicable law.
Source: Trevali Mining Corporation
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