Hanstone GOLD Announces Appointment of Mr Dong Shim as CFO, New Auditors, and Issuance of Stock Options and Bonus Shares
HANSTONE GOLD ANNOUNCES APPOINTMENT OF MR DONG SHIM AS CFO, NEW
AUDITORS, AND ISSUANCE OF STOCK OPTIONS AND BONUS SHARES
January 29 th, 2021
Hanstone Gold Corp. (TSX.V: HANS) (“Hanstone” or the “Company”) is very pleased to announce
the appointment of Dong H. Shim, CPA, CA, CPA(Illinois) and a partner in SHIM & Associates LLP
(Hanstone’s auditors), as the new CFO for Hanstone effective February 1, 2021. Mr. Shim, as the lead
member of Hanstone’s auditors, not only brings familiarity with the Company to the position, but with his
extensive background in mining companies and experience as CFO for numerous other public
companies, the appointment of Mr. Shim as CFO is considered a very progressive step leading into
Hanstone’s second mining season. Due to this appointment, the resignation of Hanstone’s former
auditor, SHIM & Associates LLP, was accepted by the Company effective February 1, 2021.
In conjunction with the foregoing, Hanstone announced today that it has appointed A . Chan & Company
LLP as auditors of Hanstone effective February 1, 2021.
At its January 29, 2021 meeting, Hanstone’s Board of Directors approved the issuance of 875,000 stock
options with an exercise price of $.40 per share, expiring on January 29th, 2026. The stock options are
being issued to directors, officers and consultants of the Company and are subject to regulatory
approval.
The Board of Directors of Hanstone has also approved the issuance of 600,000 common shares of
Hanstone (the “ Bonus Shares ”) to members of Hanstone management (the “ Recipients”) for past
services provided by the Recipients.
The issuance of the Bonus Shares is subject to TSX Venture Exchange (“ TSXV”) acceptance. The
Bonus Shares will be issued at a deemed price of $0.4 0 pursuant to TSXV policies. No new insiders will
be created, nor will any change of control occur, as a result of the issuance of the Bonus Shares. The
Bonus Shares will be subject to a four month hold period pursuant to applicable securities laws. In
addition, the Recipients of the Bonus Shares have agreed to enter into voluntary escrow agreements
which will restrict the trading of the Bonus Shares for one year from the dat e of issuance. Hanstone has
determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9
and Multilateral Instrument 61 -101 for the issuance of the Bonus Shares (Formal Valuation - Issuer Not
Listed on Specified Ma rkets; Minority Approval - Fair Market Value Not More Than 25% of Market
Capitalization).
About Hanstone:
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North
Projects optimally located in the heart of the pro lific mineralized area of British Columbia known as the
Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past -producing
mines and several large deposits that are approaching potential development. The Company holds a
100% earn in option in the 1,704 -hectare Doc Project and owns a 100% interest in the 3,336 -hectare
Snip North Project. Hanstone has a highly experienced team of industry professionals with a successful
track record in the discovery of gold deposits and in devel oping mineral exploration projects through
discovery to production.
Ray Marks, President and Chief Executive Officer
For Further Information Contact:
Carrie Howes, Direc tor of Communications+1 -778-551 488, [email protected]; or
Raymond Marks, President & CEO, +1 -778-896-7778, [email protected]; or
Bob Quinn, Vice President, +1-713-412-2620, [email protected]
Or visit the Company’s website at www.hanstonegold.com.