GR Silver Mining Announces Change in CFO
GR Silver Mining Announces Change in CFO
VANCOUVER, BC
,
Oct. 23, 2024
/CNW/ -
GR Silver Mining Ltd.
("GR Silver Mining" or the
"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – The Company announces the
retirement of
Blaine Bailey
from the role of Chief Financial Officer ("CFO") effective immediately. Mr.
Bailey was appointed the CFO of GR Silver's private predecessor Goldplay Exploration Ltd.
("Goldplay") on
November 8, 2012
, and continued as CFO as Goldplay became public in
March
2018
. Goldplay was renamed GR Silver Mining in
January 2020
. After briefly retiring from GR Silver
Mining as CFO in
May 2023
, he returned to the role in
July 2023
to help steer the Company through
challenging markets. We are deeply grateful for his contributions as CFO over the years and are
very pleased that he will stay on as Corporate Secretary. Mr. Bailey, a CPA, CGA, was instrumental
in the advancement of the Company, applying more than 20 years of experience as a CFO for
mineral exploration companies listed on the TSX, the TSX Venture, and the New York Stock
Exchange.
We are very pleased to announce the appointment of Mr.
Robert Payment
to the GR Silver Mining
management team as CFO effective immediately. Mr. Payment is an experienced Chartered
Professional Accountant (CPA, CA) with strong skills in fostering international business relationships;
running all aspects of full cycle financial reporting, including working with the TSX, CSE, and BC
Securities Commission; and working with multiple accounting frameworks and complex accounting
issues including multi-currency consolidations in IFRS. For the last ten years, he has supplied
financial reporting and advisory services to multiple companies in the natural resource, technology,
and retail sectors, including cash flow modeling and budgeting, preparing business plans, and
facilitation of private placements and reverse takeovers. Prior to that he was a manager/staff
accountant with a major,
Vancouver
-based accounting firm. He received his Chartered Accountant
Designation in 2009 and earned a Bachelor of Business Administration from
Simon Fraser University
in
Burnaby, British Columbia
in 2007.
Chair & CEO
Eric Zaunscherb
commented, "We are very pleased to welcome Robert and look
forward to his contributions as we reinvigorate GR Silver Mining's active exploration of the highly
prospective Plomosas Project in
Mexico
. We cannot thank Blaine enough for his many contributions
to the Company, getting us to this point, and his willingness to stay on as Corporate Secretary to
ensure a smooth transition."
Pursuant to the Company's Omnibus Equity Incentive Plan, the Company has granted incentive stock
options to purchase up to 300,000 common shares (the "
Options
") to an officer of the Company on
joining management. Subject to the provisions of the Company's Omnibus Equity Incentive Plan, the
Options will vest one-third on grant, one-third on the first anniversary of the grant, and one-third on
the second anniversary of the grant. The Options are exercisable at
$0.28
per share for a period of
five years from the date of grant and are subject to the policies of the TSX Venture Exchange.
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based,
Mexico
-focused junior mineral exploration company engaged
in cost effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, in the southeast of Sinaloa State,
Mexico
. GR Silver Mining
controls 100% of the Plomosas Project, including the former Plomosas underground mine and wide,
high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km
2
of
highly prospective advanced stage exploration concessions, position the Company well in the pursuit
for resource expansion at the Plomosas Project.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information.
Such statements and information reflect the current view of the Company. Risks and uncertainties
may cause actual results to differ materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statements.
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 press release.
SOURCE
GR Silver Mining Ltd.
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For further information:
For further information, please contact: Eric Zaunscherb, Telephone:
+1.647.293.8457, Email: [email protected]
CO: GR Silver Mining Ltd.
CNW 07:30e 23-OCT-24