VANCOUVER, BC, April 12, 2021 /CNW/ - Tectonic Metals
Inc. (TECT: TSXV; TETOF: OTCQB; FSE: T15B) (the "Company" or
"Tectonic") is pleased to announce the appointment of Paul Charlish as Chief Financial Officer ("CFO")
and Corporate Secretary effective immediately. Mr. Charlish has
over 30 years of finance experience, including audit and tax in
public practice, as well as financial reporting and tax for public
companies. Paul's proven leadership skills, accounting accumen,
financial understanding and operational expertise are a valuable
addition to Tectonic as the company continues to position itself
for ongoing growth. Effective immediately, Paul will be responsible
for Tectonic's accounting and finance operations, including
financial reporting.
Tony Reda, President & CEO of
Tectonic, commented, "Paul is a highly seasoned finance
professional who brings with him an impressive depth of experience
in the junior mining space that will be vital in supporting
Tectonic's growth and future success. On behalf of the Tectonic
team, I am excited to welcome Paul to Tectonic and look forward to
working closely with him as we continue to progress our gold
exploration projects in Alaska."
Mr. Charlish replaces Krysta
Chapman, who has served as Tectonic's CFO since October 2018. Tectonic thanks Ms. Chapman for her
service and wishes her the very best in her future endeavours.
About Mr. Charlish
Mr. Charlish was previously the CFO and Corporate Secretary of
Fission Uranium Corp. with over 30 years of finance experience,
including audit and tax in public practice, and financial reporting
and tax for public companies. Mr. Charlish specializes in the
mining sector and is well versed in the requirements of complex
regulatory environments. Mr. Charlish has extensive knowledge in
the areas of financial reporting in accordance with IFRS, risk
management, international tax, ICFR/SOX and internal controls, as
well as experience in public equity offerings in Canada. During the course of his career, Mr.
Charlish has also played an instrumental role in a number of
mergers, acquisitions, spin outs and divestments for mining
companies, including Fission Energy Corp., Fission Uranium Corp.
and Fission 3.0 Corp.
Paul Charlish, CFO of Tectonic,
commented, "I'm excited to be joining Tectonic as CFO. The
company has a proactive approach to increasing shareholder value
and is led by an experienced and highly focused management team. I
look forward to contributing to Tectonic's continued gold
exploration success."
Stock Option Grant
As part of his employment agreement (the "Agreement"), the
Company granted Mr. Charlish 400,000 stock options (the
"Options"). The Options shall have a exercise price set at a
35% premium to the share price on the date of the grant of the
Options. The Options shall vest in four equal installments
with 100,000 Options vesting on the first anniversary of the
Agreement, and an additional 100,000 Options vesting on the three
subsequent annivesary dates thereafter. The vesting and
exercise of Options shall othewise be governed by the terms and
conditions of Tectonic's stock option plan.
About Tectonic
Tectonic Metals Inc. is a mineral exploration company created
and operated by an experienced and well-respected technical and
financial team with a track record of wealth creation for
shareholders. Key members of the Tectonic team were involved
with Kaminak Gold Corporation, the company that raised C$165 million to fund the acquisition, discovery
and advancement of the Coffee Gold Project in the Yukon Territory through to the completion of a
bankable feasibility study before selling the multi-million ounce
gold project to Goldcorp Inc. (now Newmont Goldcorp) for
C$520 million in 2016.
Tectonic is focused on the acquisition, exploration, discovery
and development of mineral resources from district-scale projects
in politically stable jurisdictions that have the potential to host
world-class orebodies.
Tectonic believes that responsible mineral exploration and
development can positively impact the communities in which the
company lives and operates and is committed to early and ongoing
community engagement, best practices in environmental stewardship
and the development of a strong safety culture. Whether at home or
at work, the Tectonic team is grounded on the following core
values: passion, integrity, patience, focus, perseverance,
honesty, fairness, accountability, respect and a play big
mindset. The company works for its shareholders and is
committed to creating value for them.
On behalf of Tectonic Metals Inc.,
Tony Reda
President
and Chief Executive Officer
For further information about Tectonic Metals Inc. or this news
release, please visit our website at www.tectonicmetals.com or
contact Tony Reda, President &
CEO of Tectonic, or Bill Stormont,
Investor Relations, at toll-free 1.888.685.8558 or by email at
info@tectonicmetals.com.
Facebook:
https://www.facebook.com/TectonicMetals/
Twitter: https://twitter.com/TectonicMetals
Instagram:
https://www.instagram.com/tectonicmetals/
LinkedIn:
https://www.linkedin.com/company/tectonic-metals
Cautionary Note Regarding Forward-Looking Statements
Certain information in this news release constitutes
forward-looking information and statements under applicable
securities law. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate",
"expect", "intend" and similar expressions.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among
others, assumptions about future prices of gold and other metal
prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining
governmental and other approvals and financing on time,
obtaining required licenses and permits, labour stability,
stability in market conditions, availability of equipment, accuracy
of any mineral resources, successful resolution of disputes and
anticipated costs and expenditures. Many assumptions are based on
factors and events that are not within the control of
Tectonic, and there is no assurance they will prove to be
correct.
Although Tectonic considers these beliefs and assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect, and the forward-looking statements in
this release are subject to numerous risks, uncertainties and other
factors that may cause future results to differ materially from
those expressed or implied in such forward-looking statements.
Forward-looking statements necessarily involve known and unknown
risks, including, without limitation: the Company's ability to
implement its business strategies; risks associated with mineral
exploration and production; risks associated with general economic
conditions; adverse industry events; marketing and transportation
costs; loss of markets; volatility of commodity prices; inability
to access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms;
industry and government regulation; changes in legislation, income
tax and regulatory matters; competition; currency and interest rate
fluctuations; and other risks.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. Although Tectonic
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Tectonic does
not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
[Neither the TSX Venture Exchange nor it's Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.]
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SOURCE Tectonic Metals Inc.