Zenyatta Ventures Strengthens Team with the Addition of Brett Richards as Director and Chairman
28 November 2017 - 6:19PM
Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV:ZEN) is
pleased to announce the appointment of Brett A. Richards to the
Board of Directors of Zenyatta where he will also act as Chairman.
Mr. Richards, who is based in London, England,
is a well-respected mining industry executive with over 32 years of
mining and metals business development experience.
Brett has extensive mine project development, project
financing, board and executive level experience on 5 continents in
over 20 countries. He is currently the CEO of Midnight Sun Mining
Corp. (TSXV:MMA), and has held executive management positions for
private equity shareholders in the past including: CEO,
African Thunder Platinum; CEO, Renew Resources; and CEO, Octéa
Limited. Brett is formerly the transition CEO of Roxgold
through a successful shareholder proxy battle; was CEO of Avocet
Mining plc from 2008 to 2012, and was part of the five (5) person
start-up of Katanga Mining Limited from 2005 to 2008. Brett’s
other publicly listed experience was in senior executive positions
with Kinross Gold and Co-Steel Inc.
Brett has significant public and private Board
and Board Committee experience both in Canada, United Kingdom,
Norway and Johannesburg. Brett is a Fellow of the Institute
of Directors in London; a member of Ontario Association of
Certified Engineering Technologists and (O.A.C.E.T.T. - Mechanical
Engineering); a member of the London Metals Exchange (LME) and a
member of the Prospectors and Developers Association of Canada
(P.D.A.C). He is currently the principal of Richards
Enterprises Inc. (CI).
Brett Richards commented, "I am very pleased to
join the Board of Zenyatta Ventures. It has become apparent to me
that Zenyatta has created considerable value from global
collaboration and development related to the Albany high purity
carbon material for conversion to an exciting nanomaterial called
graphene. I am looking forward to advancing both the Albany
graphite deposit to production and development activities of
graphene applications under ZEN-tech Materials.”
Aubrey Eveleigh, President & CEO of Zenyatta
commented, "We are very pleased to add a highly respected and
accomplished mining executive of Brett Richards’ caliber to our
Board. Brett is a creative leader with vision, backed by deep
technical knowledge and hands-on experience. He will add
considerable strength to our Board as we transition through
pre-feasibility and prepare for the upcoming full feasibility
study. Mr. Richards, who has a considerable network in the
industry, will assist us in our efforts to organize and meet
business objectives for both Zenyatta Ventures Ltd. and ZEN-tech
Materials Limited.”
In connection with the appointment of Brett
Richards as Director and Chairman, he has been granted stock
options to purchase up to 500,000 common shares in the capital of
the Company. The options are exercisable at a price of $0.60 for a
five year period. Zenyatta will also be granting 240,000
stock options to consultants of the Company at the same price. The
grant of such options is subject to regulatory approval.
To find out more on Zenyatta Ventures Ltd.,
please visit website www.zenyatta.ca or contact Aubrey Eveleigh,
President and CEO of the Company, or you may email at
info@zenyatta.ca or Tel. 807-346-1660.
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. This news release may contain forward
looking information and Zenyatta cautions readers that forward
looking information is based on certain assumptions and risk
factors that could cause actual results to differ materially from
the expectations of Zenyatta included in this news release. This
news release includes certain "forward-looking statements”, which
often, but not always, can be identified by the use of words such
as "believes", "anticipates", "expects", "estimates", "may",
"could", "would", "will", or "plan". These statements are based on
information currently available to Zenyatta and Zenyatta provides
no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and
statements with respect to Zenyatta’s future plans, objectives or
goals, to the effect that Zenyatta or management expects a stated
condition or result to occur, including the expected timing for
release of sample analyses and a preliminary economic assessment,
the expected uses for graphite in the future, and the future uses
of the graphite from Zenyatta’s Albany deposit. Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to, among
other things, results of exploration, metallurgical processing,
project development, reclamation and capital costs of Zenyatta’s
mineral properties, and Zenyatta’s financial condition and
prospects, could differ materially from those currently anticipated
in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational
difficulties encountered in connection with Zenyatta’s activities;
and other matters discussed in this news release and in filings
made with securities regulators. This list is not exhaustive of the
factors that may affect any of Zenyatta’s forward-looking
statements. These and other factors should be considered carefully
and readers should not place undue reliance on Zenyatta’s
forward-looking statements. Zenyatta does not undertake to update
any forward-looking statement that may be made from time to time by
Zenyatta or on its behalf, except in accordance with applicable
securities laws.
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