Benz Mining Corp. Corporate Update
Benz Mining Corp. Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - Benz Mining Corp. (TSXV: BZ) (the
"
Company
" or "
Benz
") announces the following changes to its management team and to the
Company's board of directors.
Mr. Ron Hall and Mr. Carlos Escribano have agreed to step down from the Company's board of
directors, effective immediately. Mr. Escribano will continue to act as the Company's CFO, providing
financial reporting and accounting services to Benz.
Mr. Miloje Vicentijevic has resigned from his role as President and CEO of the Company and will remain
on the board as a non-executive director. Mr. Mathew O'Hara, a director of Benz, has agreed to act as
the Interim CEO until the board makes a permanent appointment to the position.
Additional appointments to the board and management will be made in line with the Company's
application to list on the Australian Stock Exchange and further details will be released shortly.
Nick Tintor, Chairman of the Board, commented, "On behalf of the board and our shareholders, I want to
thank Miloje, the founder of Benz, for his leadership and support of the Company during the past eight
years. Miloje kept this Company alive during a difficult period and led it to this transformative stage in its
development with the acquisition of the high grade Eastmain gold mine project in Quebec."
Mr. Tintor added, "I would also like to thank Ron and Carlos for their tremendous contribution and
support to the company over the past eight years. Carlos of course will continue to play a key role at
Benz as our CFO."
About Benz Mining Corp.
Benz Mining Corp. brings together a veteran team of engineers, geophysicists, geologists, and finance
professionals with a focused strategy to acquire and develop mineral projects with an emphasis on safe,
low risk jurisdictions favorable to mining development.
Benz is earning a 100% interest in the former
producing high grade Eastmain gold mine, Ruby Hill West and Ruby Hill East projects in Quebec.
On behalf of the Board of Directors of Benz Mining Corp.
Nick Tintor, Chairman of the Board
For more information please contact
Benz Mining Corp.
Telephone: 416.953.4244
Email:
Forward-Looking Information:
Certain statements contained in this news release may constitute
"forward-looking information" as such term is used in applicable Canadian securities laws. Forward-
looking information is based on plans, expectations and estimates of management at the date the
information is provided and is subject to certain factors and assumptions, including, that the Company's
financial condition and development plans do not change as a result of unforeseen events and that the
Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and
uncertainties and other factors that could cause plans, estimates and actual results to vary materially
from those projected in such forward-looking information. Factors that could cause the forward-looking
information in this news release to change or to be inaccurate include, but are not limited to, the risk that
any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those
referred to above are realized and result in delays, or cessation in planned work, that the Company's
financial condition and development plans change, and delays in regulatory approval, as well as the
other risks and uncertainties applicable to the Company as set forth in the Company's continuous
disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no
obligation to update these forward-looking statements, other than as required by applicable law.
NEITHER THE 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 ACCURACY OR ADEQUACY OF THIS RELEASE.
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