C3 Metals Appoints Dan Symons President, CEO and Director
C3 Metals Appoints Dan Symons President,
CEO and Director
Toronto, Ontario--(Newsfile Corp. - August 15, 2022) -
C3 Metals Inc.
(TSXV: CCCM) (OTCQB:
CUAUF) ("C3 Metals" or the "Company") is pleased to announce the appointment of Dan Symons to the
position of President and Chief Executive Officer of the Company effective September 6, 2022.
Simultaneous with this appointment Mr. Symons will also join C3 Metals' Board as a Director.
Dan Symons brings over 15 years of mining industry related experience in business development,
corporate development and investor relations with a number of highly successful junior-mid tier growth
companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of
Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of
the Romarco Minerals Inc. executive management team in the role of Vice President, Business
Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A
transactions totalling over $800 million and equity and debt financings totalling over $650 million and
$500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications,
a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute.
Mr. Symons holds an Honours B.A. from Concordia University in Montreal.
Tony Manini, Chairman of C3 Metals Inc. stated, "We are very pleased to welcome Dan to the
Company as President and CEO, and as a director.
Dan brings extensive capital markets facing
corporate leadership experience which is highly complimentary to the strong technical and operating
capability of our team. His core background in investor relations, coupled with a strong track record in
corporate financing and M&A at a number of highly successful junior-mid tier growth companies is
very relevant to the C3 Metals business as we continue to grow substantive long-term value for our
shareholders through the exploration and development of our outstanding portfolio of copper and gold
projects in Peru and Jamaica."
Dan Symons commented, "After getting to know the C3 Metals' Board of Directors and conducting
due diligence of the exploration potential of its asset base, I'm excited to be joining a team of high-
calibre individuals at such a prospective company.
At the end of the day, success in the mineral
exploration and development business is all about the people and properties, of which I consider both
to be exceptional.
I believe C3 Metals is poised for discovery and look forward to working with the team
to create significant value for all stakeholders as the full potential of the Company's portfolio of copper
and gold projects in Peru and Jamaica is unlocked."
Pursuant to the Company's stock option plan approved by shareholders at its Annual General and
Special Meeting held on March 4, 2022, the Board of Directors has granted 15,400,000 stock options to
directors, officers, employees, and consultants of the Company. A total of 6,000,000 options will vest
immediately, while 9,400,000 options will vest over a period of 12 months, subject to regulatory
acceptance. After vesting, each incentive stock option will allow the holder to purchase one common
share in the Company at a price of CAD $0.08. The incentive stock options have a term of five years,
expiring on August 15, 2027 or upon departure of the option-holder. Following this stock option grant, the
Company will have a total of 51,660,000 stock options outstanding representing approximately 8.76% of
the outstanding common shares of the Company.
The Company also granted 2,036,364 restricted share
units ("RSUs") to an officer of the Company.
The RSUs are payable in common shares of the Company
and vest in 12 months, after the date of the grant.
For additional information, contact:
Tony Manini
Executive Chairman
ABOUT C3 METALS INC.
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its
shareholders through the discovery and development of large copper and gold deposits in the
America's.
The Company's flagship project is the Jasperoide high-grade copper-gold skarn and
porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding
100% ownership of 49 claims covering 267 sq km and the right to earn 100% in two additional third-
party claims covering 5 sq km.
the Greatiam 10 and 70 claims covering 5 sq km.
Mineralization at
Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las
Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).
C3 Metals also holds a 100%
interest in five licenses covering 207 sq km of highly prospective copper-gold terrain in Jamaica and a
2% royalty in Tocvan's Rogers Creek project.
Related Link:
www.c3metals.com
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 adequacy or accuracy of this
release.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are based on
the Company's current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, this release contains forward-looking information relating
to, among other things, the exploration operations of the Company and the timing which could be
affected by the current global COVID-19 pandemic. Those assumptions and factors are based on
information currently available to the Company.
Although such statements are based on reasonable
assumptions of the Company's management, there can be no assurance that any conclusions or
forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Forward-looking information involves 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 forward-looking information. Such factors include risks inherent in the exploration and development of
mineral deposits, including risks relating to changes in project parameters as plans continue to be
redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral
prices and the worldwide demand for and supply of minerals, risks related to increased competition and
current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on
key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the
necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
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