Trevali Announces Management Change
March 03 2020 - 7:30AM
Trevali Mining Corporation (“Trevali” or the “Company”)
(TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today
announced that Gerbrand Van Heerden has departed as Trevali’s Chief
Financial Officer. Mr. Van Heerden served as CFO since June 1, 2018
and as Trevali’s Senior Vice President, Business Initiatives and
Development from January 2018 to May 2018, having previously served
as the Chief Financial Officer at Trevali’s Rosh Pinah mine in
Namibia.
The Company also announced that Matthew Quinlan
has been appointed Interim Chief Financial Officer after having
supported Trevali in a consulting capacity over the last 5 months.
Mr. Quinlan has 20 years of experience in finance, capital markets
and the global mining industry, serving most recently as Chief
Financial Officer of Dominion Diamond Corporation and prior to that
as Managing Director & Co-Head of CIBC’s Global Mining
Investment Banking group.
“On behalf of the entire Trevali team, I thank
Gerbrand for his commitment to the company since joining as part of
the acquisition of the Rosh Pinah and Pekoa mines. He was
essential in introducing the two operations into the existing
Trevali portfolio. We wish him well in his future endeavours,” said
Ricus Grimbeek, President and Chief Executive Officer.
A search for a new Chief Financial Officer will commence in the
near term.
ABOUT TREVALI
Trevali is a global base-metals mining company,
headquartered in Vancouver, Canada. The bulk of Trevali’s revenue
is generated from base-metals mining at its four operational
assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned
Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in
northern New Brunswick, Canada and the wholly-owned Santander Mine
in Peru. In addition, Trevali owns the Halfmile and Stratmat
Properties and the Restigouche Deposit in New Brunswick, Canada,
and the past-producing Ruttan Mine in northern Manitoba, Canada.
Trevali also owns an effective 44%-interest in the Gergarub Project
in Namibia, as well as an option to acquire a 100% interest in the
Heath Steele deposit located in New Brunswick, Canada.
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.
Investor Relations Contact:Brendan Creaney –
Vice President, Investor RelationsEmail: bcreaney@trevali.comPhone:
+1 (778) 655-6070
Cautionary Note Regarding
Forward-Looking Information and Statements
This news release contains “forward-looking
information” within the meaning of Canadian securities legislation
and “forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively, “forward-looking statements”). Forward-looking
statements are based on the beliefs, expectations and opinions of
management of the Company as of the date the statement are
published, and the Company assumes no obligation to update any
forward-looking statement, except as required by law.
Forward-looking statements relate to future events or future
performance and reflect management’s expectations or beliefs
regarding future events including, but not limited to, statements
with respect to the appointment of a permanent Chief Financial
Officer, the Company’s growth strategies and planned development
activities. By their very nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others,
risks related to management and organizational changes, the ability
to optimize and grow the assets and operations of the Company, and
other risks and uncertainties that are more fully described in the
Company’s annual information form, interim and annual audited
consolidated financial statements and management’s discussion and
analysis of those statements, all of which are filed and available
for review under the Company’s profile on SEDAR
at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Trevali provides no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events may differ from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Source: Trevali Mining Corporation
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