Kootenay Silver Appoints Joseph Giuffre as Director of the Company
Kootenay Silver Appoints Joseph Giuffre as Director of the
Company
VANCOUVER, BC
,
Jan. 13, 2023
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company" or "Kootenay")
is pleased to
announce the appointment of
Joseph Giuffre
as a director of the company. Mr. Giuffre is a lawyer with over 30 years of legal
experience in private practice with
Vancouver
and National law firms and as in-house as general counsel. Mr. Giuffre advises
private and public companies in complex corporate, commercial, securities legal and business transaction matters, including
mergers and acquisitions, joint ventures, private and public debt and equity financings, regulatory compliance, corporate
governance, and capital project development.
Mr. Giuffre has been a director of various public and private companies over the course of his 30-year career. He was
previously the Chief Legal Officer of Nevsun Resources Ltd., which was acquired in 2019 for
~C$1.8 billion
by Zijin Mining. He
is also director, trustee, and a founder of some of the Avenue Living Group of Companies that manages over
$3 billion
in assets
in multifamily, agriculture, commercial and self-storage real estate assets in
Western Canada
and the United States. He holds
Bachelor of Laws (LLB) from the
University of Alberta
, Bachelor of Arts (Econ) from the
University of Calgary
and holds an
ICD.D designation from the Institute of Corporate Directors.
"Joe brings many years of experience in securities law, capital markets and the mining and exploration industry which we look
forward to drawing upon as we advance our high-grade Columba discovery and resource projects. We have known and worked
with Joe on numerous occasions over the years and look forward to drawing on his wisdom at the board level. He brings a facet
of expertise informed from the legal and commercial side of the business that compliments the board nicely," commented
Jim
McDonald
, President & CEO.
The Company is also pleased to advise that it has appointed Red Cloud Securities Inc. and Red Cloud Financial Services Inc.
(together "Red Cloud") to provide the Company with a range of marketing and similar advisory services.
Red Cloud
is a
Toronto
-based financial services company that provides assistance to mineral exploration and mining companies in accessing
capital markets and enhancing their corporate profile.
Under the engagement,
Red Cloud
will be paid a fee of
$50,000
for the services it will render for an initial five-month period and
the arrangement can automatically renew month-to-month thereafter at the option of the Company. More specifically,
Red Cloud
will provide services such as organizing and administering "roadshows" and targeting potential investors The engagement of
Red
Cloud
is subject to TSX Venture Approval.
Red Cloud
has no direct relationship with the Company, other than as contemplated
in the current agreement.
Additionally, the Company announces stock options have been granted to officers, directors, employees, and consultants to
purchase up to an aggregate of 21,450,000 million shares of Kootenay at a price of
$0.155
per common share for a period of
five years.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the
Sierra Madre Region of
Mexico
. Supported by one of the largest junior portfolios of silver assets in
Mexico
, Kootenay
continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the
expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver
projects located in prolific mining districts in
Sonora
, State and Chihuahua, State,
Mexico
, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
January 12, 2023
. Certain statements in this news release,
referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian
provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar
terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered
reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially
different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law,
Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such
statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which
any such statement is based.
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SOURCE
Kootenay Silver Inc.
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%SEDAR: 00016508E
For further information:
James McDonald, CEO and President, 403-880-6016; Ken Berry, Chairman, 604-601-5652; 1-888-
601-5650; or visit: www.kootenaysilver.com
CO: Kootenay Silver Inc.
CNW 17:08e 13-JAN-23