TSXV: CSTR
TORONTO, Feb. 21,
2023 /CNW/ - CryptoStar Corp. (TSXV: CSTR)
("CryptoStar" or the "Company"), a
cryptocurrency mining and data centre operator, is
pleased to announce the appointment of Messrs. Aurelio Useche and Christopher Malone to the Company's Board of
Directors.
Mr. Useche leverages over 20 years of senior management
experience including COO, CFO and CEO in several private and
publicly traded corporations in manufacturing, mining exploration,
consumer goods and entertainment. Mr. Useche is a CPA, CMA and a
graduate of the executive MBA program at Queen's University School
of Business. Mr. Useche is also a graduate of the Corporate
Directors program at the University of
Toronto's Rotman School of
Business and of the Masters Certificate program in Risk Management
program at York University's Schulich
School of Business.
Mr. Malone is an experienced financial executive with a
demonstrated history from working in a cross section of industries,
with skills in corporate finance, public and private IFRS
reporting, entrepreneurship, and investment banking. Mr. Malone
graduated from The University of Western
Ontario with a CPA designation.
David Jellins, President and
Chief Executive Officer of CryptoStar states, "We are very pleased
to welcome Aurelio and Christopher to the Company's Board. We look
forward to working with the board members and the contribution they
will make to CryptoStar through their collective experience and
expertise in their respective fields."
In connection with the appointments of Messrs. Useche and
Malone, the Company also announces the resignation from the Board
of Warren Lorenz and Aly Madhavji. The Company thanks Messrs. Lorenz
and Madhavji for their service and wishes them the best in their
future endeavours.
Concurrent with the appointments of Messrs. Useche and Malone,
the Company has granted each 600,000 incentive stock options. Each
stock option will allow the holder thereof to purchase a common
share of CryptoStar at a price of $0.05, with an expiry of ten years.
About CryptoStar Corp.:
CryptoStar has cryptocurrency mining operations
with data centres located in the U.S.A. and Canada. CryptoStar is currently dedicated to
becoming one of the lowest cost cryptocurrency
producers in North America and a
major supplier of GPU and ASIC miners worldwide.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this press release.
SOURCE CryptoStar Corp.