Michelin Announces Name Change, Stock Split and Board/Management Changes
MICHELIN MINING CORP.
SUITE 3123 – 595 BURRARD STREET
VANCOUVER, BC V7X 1J1
TEL: 604-609-6110
MICHELIN ANNOUNCES NAME CHANGE, STOCK SPLIT
AND BOARD/MANAGEMENT CHANGES
November 21, 2019 CSE – MICH
Vancouver, British Columbia – Michelin Mining Corp. (CSE – MICH) (the “Company”) is pleased to
announce that Thomas O’Neill has been appointed to the Company’s board of directors (the “Board”) and
Szascha Lim has been appointed as the Company’ s CFO and Corporate Secretary. Jim Bennett has
resigned from the Board and Winnie Wong has resigned as CFO and Corporate Secretary. The direc tors
would like to thank Mr. Jim Bennett and Ms. Wong for their services and wish them success in their
future endeavours. The Company further announces it has entered into mandate agreements with Fiore
Administration Services Corp. and Fiore Management & Advisory Corp. to provide corporate
administration services and financial advisory services, respectively.
The Company announces that the Board has approved a change of name to Mich Resources Ltd., subject
to the approval of the Canadian Securities Exchang e (the “CSE”). The Board has also approved a split of
the outstanding common shares of the Company on the basis of two new common shares for each existing
common share, subject to the approval of the CSE.
The Company further announces that 12,987,500 pre-split share purchase warrants of the Company have
been cancelled. Subsequent to the cancellation, 204,000 pre-split share purchase warrants remain
outstanding.
The Company announces that an aggregate of 1,250,000 post-split incentive stock options have been
granted to directors, officers , consultants and charitable organizations at a price of $0.08 per post-split
share, exercisable for a period of 10 years, subject to CSE approval.
The Company has been advised that Frank Giustra and his related entities acquired an aggregate of
4,700,000 post-split common shares of the Company representing 14.16% of t he issued and outstanding
post-split common shares of the Company pursuant to a private transaction. Domenica Fiore Corporation
and Modern Farmer Media Inc. (c ompanies indirectly owned by Mr. Giustra) acquire d an aggregate of
2,700,000 post-split common shares, representing 8.13% of the issued and outstanding common shares of
the Company. The Giustra Foundation (a charitable organization controlled by Mr. Giustr a) acquired
2,000,000 post-split common shares of the Company representing in aggregate 6.02% of the issued and
outstanding shares of the Company. Following these transactions, Mr. Giustra has indirect ownership
and/or control, over an aggregate of 4,700,000 post-split common shares of the Company representing
14.16% and would have indirect ownership and/or control over an aggregate of 4,800,000 post-split
common shares representing 14.41% on a partially diluted basis, assuming the exercise of 100,000
incentive stock options granted to the Gi ustra Foundation. The Company has been advised that Mr.
Giustra and his related entities acquired these securities for investment purposes and will be disclosed in
an Early Warning Report to be filed o n SEDAR. Mr. Giust ra may in the future acquire or dispose of
securities of the Company, through the market, privately or otherwise, as circumstances or market
conditions warrant.
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About Michelin Mining Corp.
Michelin Mining Corp. is a junior natural resource company engaged in the acquisition and exploration of
mineral properties of merit and currently focused on exploring its Rude Creek gold property in the
Yukon.
On behalf of Michelin Mining Corp.
“Mark T. Brown”
Chief Executive Officer
For more information, please contact:
Szascha Lim
CFO & Corporate Secretary
Tel: 604.609.6110
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the ad equacy or
accuracy of this release. This press release may contain certain forward -looking information. All
statements included herein, other than statements of historical fact, forward -looking information and
such information involves various risks and un certainties. There can be no assurance that such
information will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to develop such forward -
looking information and a description of risk factors that may cause actual results to differ materially
from forward looking information can be found in the company’s disclosure documents on the SEDAR
website at www.sedar.com. The Company does not undertake to update any forward- looking
information except in accordance with applicable securities laws.