Defiance Announces Executive Appointments
Defiance Announces Executive Appointments
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2023) -
Defiance Silver Corp.
(TSXV: DEF)
(OTCQX: DNCVF) (WKN: A1JQW5) ("
Defiance
" or the "
Company
")
is pleased to announce the
appointment of Oleg Shcherbyna as Chief Financial Officer ("
CFO
") and Lisa Thompson as corporate
secretary ("
Corporate Secretary
"), effective immediately.
Mr. Shcherbyna is an experienced CPA with over 20 years' experience in financial management and
accounting with various publicly-listed companies. Prior to joining Defiance, Mr. Shcherbyna worked in
senior financial management roles with several mining and mineral exploration companies, including as
CFO of Westminster Resources, Jaxon Mining, and Global Cobalt.
Mr. Shcherbyna is a member of the
Chartered Professional Accountants of British Columbia and licensed CPA in Washington, U.S.
He
holds a MSc in Accounting and Bachelor of Laws.
Mrs. Thompson brings over 20 years of experience as a corporate and securities paralegal, working
with both large and small public companies listed for trading on U.S. and Canadian stock exchanges.
For the past 5 years, Mrs. Thompson has provided corporate secretarial consulting services for US and
Canadian companies.
She has also served on various non-profit boards and committees. Mrs.
Thompson is a founder of Meraki Corporate Services in Vancouver, British Columbia.
Chris Wright, Chairman & CEO, commented: "We are excited to welcome Oleg and Lisa to the
Defiance team and family.
Their deep experience working with public junior mining companies will
ensure that the company can maintain continuity across all of our accounting, finance, planning, tax, and
corporate functions.
We look forward to further integrating them with the team as we continue to advance
our projects throughout the spring and early summer in Zacatecas."
Shares for Debt:
Defiance reports that it intends to settle $65,600 of debt through the issuance of up to 354,594 common
shares of the Company (the "
Shares
").
The arrangement is subject to approval of the TSX Venture
Exchange.
Repricing of Options:
Defiance also reports that it has repriced incentive stock options to certain consultants (See
News
Release
dated July 2
nd
, 2021) to purchase of an aggregate of 79,000 common shares of the Company
at an exercise price of $0.185
(the "Options") in accordance with the terms of the Company's incentive
stock option plan.
The Options are exercisable for a ten-year term expiring June 30, 2031 and vest as
follows: one-third on the date of grant, one-third twelve months following grant date and one-third twenty
four months following grant date. The repricing arrangement is subject to approval of the TSX Venture
Exchange.
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (WKN: A1JQW5) is an exploration company
advancing the district-scale San Acacio Deposit, located in the historic Zacatecas Silver District and the
Tepal Gold/Copper Project in Michoacán state, Mexico.
Defiance is managed by a team of proven mine
developers with a track record of exploring, advancing and developing several operating mines and
advanced resource projects Defiance's corporate mandate is to expand the San Acacio and Tepal
projects to become premier Mexican silver and gold deposits.
On behalf of Defiance Silver Corp.
"Chris Wright"
Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at
.
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
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 statements including but not limited to comments
regarding timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. Defiance Silver Corp. relies upon
litigation protection for forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/164607