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LONDON, Oct. 28, 2021 /CNW/ - Meridian Mining UK S
(TSXV: MNO) (Frankfurt: 2MM)
(Tradegate: 2MM) (OTCQB: MRRDF) ("Meridian" or the "Company") is
pleased to announce the expansion of its Board of Directors with
the appointment of Mrs. Susanne
Sesselmann to reflect the Company's strong advancement of
the Cabaçal VMS Copper-Gold resource development and exploration
project ("Cabaçal" or the "Project"). With the expanded corporate
needs associated with its Cabaçal project, the Board welcomes Mrs.
Sesselmann who has agreed to join as an Independent Director.
Ms. Susanne H. Sesselmann is
Munich based and has 20 years of
international experience in banking with HVB Group (Unicredit), ten
of which were in investment banking and project finance throughout
the world but principally in Europe. Since 2003 she specialized in private
equity funds and founded her own company in 2006. She was appointed
an independent Director to the Board of the Meridiam Infrastructure
Funds Group in France and the US,
developing, managing and financing infrastructure projects. Then
she also served as a Board Director of natural resources funds
group, The Sentient Group, and various Sentient group companies,
and of Marengo Mining Limited, a junior copper exploration company
in Papua New Guinea until 2012.
Susanne has been lecturing at universities in Paris and in Linz for many years. She holds a
Masters degree in Languages (French and Spanish) from the
University of Innsbruck, Austria.
The Company also today announces that the Board of Directors of
the Company has approved the grant ("the Grant") of an aggregate of
4,459,717 options (the "Options") to purchase common shares in the
capital of the Company to certain directors, officers, employees,
consultants, and advisors of the Company. The Options are
exercisable at a price of $1.10 per
common share for a term of five years, until October 27, 2026. 300,000 Options within the
Grant are also subject to certain vesting conditions. The granting
of the Options is subject to regulatory acceptance of applicable
filings.
Mr. Gilbert Clark, Executive
Chairman, states, "as we continue are strong technical advance at
Cabaçal we have to anticipate the expanded financial and ESG
requirements that the Board will have to consider alongside our
current ongoing focus. Having worked closely with Mrs. Sesselmann
during my career I am very pleased that we are able to attract some
one with her international ESG, banking, and project finance
experience to the Board of Meridian and look forward to her strong
contribution."
On behalf of the Board of Directors of Meridian Mining UK S
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ABOUT MERIDIAN
Meridian Mining UK S is focused on the acquisition, exploration,
and development activities in Brazil. The Company is currently focused on
resource development of the Cabaçal VMS Copper-Gold project,
exploration in the Jaurú & Araputanga Greenstone belts located
in the state of Mato Grosso;
exploring the Espigão polymetallic project and the Mirante da Serra
manganese project in the State of Rondônia Brazil.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among others,
statements with respect to the Company's plans for exploration,
development and exploitation of its properties and potential
mineralization. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties, and other factors, which may cause the actual
results, performance, or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among others,
failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating risks and hazards, metal prices, political and
economic factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking statements, the
Company has applied several material assumptions including, but not
limited to, the assumptions that: (1) the proposed exploration,
development and exploitation of mineral projects will proceed as
planned; (2) market fundamentals will result in sustained metals
and minerals prices and (3) any additional financing needed will be
available on reasonable terms. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate or mineral resource estimate has been established.
Geophysical exploration targets are preliminary in nature and not
conclusive evidence of the likelihood of a mineral deposit.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither 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.
SOURCE Meridian Mining UK Societas