Idaho Champion Appoints Mining Veteran Gabriel Pindar as New Director
Idaho Champion Appoints Mining Veteran Gabriel
Pindar as New Director
Toronto, ON – February 27, 2023 - Idaho Champion (CSE: ITKO; OTCQB: GLDRF; FSE:
1QB1) (“Idaho Champion” or the "Company") is pleased to announce the appointment
of former Neo Lithium co-founder, director, and Chief Operating Officer Gabriel Pindar to
the Board of Directors.
The appointment of Mr. Pindar further strengthens Idaho Champion’s Board that includes
experienced executives who have been involved in successful lithium transactions with
over $6 billion in market value.
Mr. Pindar has over 25 years’ experience as a senior project executive in the development
of mining, gas, and large scale infrastructure projects in Canada (including Quebec),
Argentina, Peru, Mexico, Australia, Guinea, Liberia and United Kingdom. His most recent
role was as co-founder, director and COO of Neo Lithium Inc. which discovered one of
the premier lithium brine projects in the world and which was recently sold to Zijin Mining
for just under $1B. Previously he served as GM and Head of Projects for ArcelorMittal
Group, Deputy Project Director for BHP Olympic Dam Expansion, and held Senior Project
Management roles for engineering firms Fluor, Hatch and Engenium.
Mr. Pindar will assume the position on the Company’s Board in place of Greg Schifrin
who has resigned from the Board effective immediately. Idaho Champion would like to
thank Mr. Schifrin for his valuable contribution throughout his years of service on the
Board and is pleased to confirm that Mr. Schifrin will continue assisting the Company as
an advisor for the Idaho-centric projects.
Jonathan Buick, Idaho Champion’s CEO, commented: “We welcome Mr. Pindar to the
board and we look forward to unlocking shareholder value in the electric metals space.
The Company is well supported by seasoned mining ex ecutives that have proven
success with well known lithium assets.”
Additionally, Idaho Champion announces that it has closed a private placement offering.
Mr. Pindar as well as another director of the Company have subscribed for total
proceedss of C$1.24 million at $0.08 representing 15,500,000 Common Shares of the
Company. The participation by two directors of the Company in the financing constitutes
a “related party transaction” pursuant to Multilateral Instrument 61-101 Protection of
Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to
rely on the exemptions from the formal valuation and minority shareholder approval
requirements of MI 61-101 contained in Section 5.5(b) and Section 5.7(1)(b) of MI 61-101,
respectively, on the basis that (i) no securities of the Company are listed or quoted on
any of the markets specified in Section 5.5(b) of MI 61-101 and (ii) the
fair market value of the securities issued to related parties pursuant to the financing does
not exceed $2,500,000, along with the other applicable circumstances contained in
section 5.7(1)(b) of MI 61-101.
In accordance with applicable Canadian securities laws, all securities issued pursuant to
the private placement with be legended with a hold period of four months and one day
from the date of issuance.
About Idaho Champion Gold Mines Inc.
Idaho Champion is a discovery-focused exploration company that is committed to
advancing its highly prospective lithium projects in Quebec, Canada and cobalt projects
in Idaho, United States. The Company’s shares trade on the CSE under the trading
symbol “ITKO”, on the OTCQB under the trading symbol “GLDRF”, and on the Frankfurt
Stock Exchange under the symbol “1QB1”. In addition, the Company owns the Baner
gold project in Idaho County and the Champagne polymetallic project located in Butte
County near Arco.
Idaho Champion takes its social license seriously, employing local community members
and service providers at its operations whenever possible.
ON BEHALF OF THE BOARD,
“Jonathan Buick”
Jonathan Buick, President and CEO
For further information, please visit the Company’s SEDAR profile at www.sedar.com or
the Company’s corporate website at www.idahochamp.com.
For further information, please contact:
Nicholas Konkin, Marketing and Communications
Phone: (416) 567- 9087
Email: [email protected]
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF
SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE
UNLAWFUL.
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for
the adequacy or accuracy of this press release This press release may include forward -looking information within the
meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based
on certain key expectations and assumptions made by the management of the Company, including suggested strike
extension. Although the Company believes that the expectations and assumptions on which such forward -looking
information is based on are reasonable, undue reliance should not be placed on the forward-looking information because
the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press
release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly
any forward-looking information, whether as a result of new information, future events or results or otherwise, other than
as required by applicable securities laws.