Trevali Announces Departure of Jessica McDonald from Trevali Board; Appoints Jill Gardiner as Chair of the Board
March 30 2020 - 5:10PM
Trevali Mining Corporation (“Trevali” or the “Company”)
(TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today
announced that Jessica McDonald has stepped down as Chair and a
member of Trevali’s Board of Directors. Ms. McDonald joined
Trevali’s Board in October 2017 and was appointed Chair of the
Board in March 2019, in addition to serving as a member of the
Transition Oversight Committee that was formed to oversee the board
renewal and leadership transition process at the Company in early
2019.
In these various roles, Ms. McDonald has been
instrumental in the progression of the company, particularly the
leadership and direction that she provided to the management team
during the transition period following her appointment as Chair of
the Board, as well as her role in the board renewal process and the
recruitment and successful onboarding of Ricus Grimbeek as
Trevali’s President and CEO. During Ms. McDonald’s tenure as Chair
Trevali also took critical steps to improve its focus on
environmental, social and governance issues, including the
publication of the Company’s first annual Sustainability Report and
the enhancement of a governance framework to enable the Company to
successfully meet the interests of its shareholders and other
stakeholders.
The Company also announced that Jill Gardiner, a
director and current Chair of Trevali’s Compensation and Human
Resources Committee, has been appointed in the role of Board Chair.
Ms. Gardiner joined the Trevali Board in July 2019 having brought
with her a wealth of public company board experience, including as
a former chair of the board of Turquoise Hill Resources Ltd., and a
strong background in finance, capital markets and corporate
governance. She currently sits on the board of Capital Power
Corporation and had a distinguished career in investment banking
spanning over 20 years.
Ricus Grimbeek, President and CEO of Trevali,
has been appointed to the Board filling the seat left vacant by Ms.
McDonald’s retirement from the Board.
Mr. Grimbeek commented: “On behalf of the
management team and my fellow directors, I would like to thank
Jessica for her contribution to Trevali. She led the Company
through an important transition, and I am personally grateful to
have had the opportunity to work closely with her over the last
year. We are also very grateful that Jill has accepted the
appointment as Board Chair. She has made a significant
contribution since joining the Board last July and we look forward
to taking the Company even further under her leadership.”
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.com
Phone: +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 board and leadership transitions at Trevali, as
well as 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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