Stratabound Announces Appointments of Wendy Chan and Martin Stratte to the Board of Directors
Stratabound Announces Appointments of
Wendy Chan and Martin Stratte to the Board of
Directors
Toronto, Ontario--(Newsfile Corp. - September 11, 2023) -
Stratabound Minerals Corp. (TSXV: SB)
(OTCQB: SBMIF)
("Stratabound" or the "Company") is pleased to announce that Mr. Martin Stratte and
Ms. Wendy Chan have been appointed to the board of directors and that Ms. Chan has also been
retained as Strategy Advisor.
Ms. Chan brings considerable global corporate development and strategy
experience she will apply in spearheading a strategic plan to reallocate, showcase, and maximize
unlocked value in the Company's five assets.
Mr. Stratte has considerable legal and mine permitting
experience in California that will be invaluable in the pursuit of mining and related permits at the
Company's California Fremont Gold Project.
Ms. Chan has over 20 years' experience in developing and executing strategic plans for major
companies with global
outreach, with a focus on mergers and acquisitions, joint-ventures, and cross-cultural strategic alliances.
In the mining space, companies she has worked with include: Zijin Mining, Skeena Resources, Roxgold,
Sunridge, Novo Resources, Vendetta, and VR Resources. She has profitably managed businesses with
full P&L responsibilities and/or completed key projects ranging from $2-250MM. She has devised
strategic plans at Fortune 500 companies and has led negotiations and cross-functional teams in
corporate development, marketing, strategic alliances, and product portfolio management. During her
time at Moxie Strategy Inc., a management consulting firm that specializes in strategy, business
development, and mergers and acquisition, she has led and completed key development projects in
Asia, Australia, Africa, North and South America. Ms. Chan holds a BSc. from University of British
Columbia and an MBA in Finance from McGill University. She is fluent in Mandarin and Cantonese.
Mr. Stratte is a land use and environmental attorney.
His practice is focused on the permitting of mines,
quarries, and related infrastructure projects.
He has successfully permitted projects in jurisdictions
throughout the U.S., including California.
He currently serves as Assistant General Counsel of Martin
Marietta Materials, Inc.
He also serves as Vice Chair of the California Construction and Industrial
Materials Association (CalCIMA) Legal Action Committee.
Mr. Hashim Ahmed, Chairman of the Company stated, "We are extremely pleased to have industry
professionals with the credentials both Wendy and Martin bring to the Stratabound board and team.
Introducing Wendy's skill set is particularly timely as our Company emerges from a weak market cycle
ready to showcase and unlock the value in all our assets.
We are equally pleased to welcome Martin and
his successful California mine permitting experience applied to our Fremont Gold
Project in east central
California.
Despite market misperception, California is ranked the 4
th
largest mining state by production
value in the entire United States by the US Geological Survey year after year. California boasts five fully
permitted gold mining operations in its jurisdiction already with several more on the way."
The Company also announces that as of September 9, 2023 it has approved the issue of a total of
2,040,894 common stock options pursuant to its incentive stock option plan ("Plan") and subject to
approval of the TSXV. Each option entitles the holder to subscribe for one common share of
Stratabound for $0.05 for a period of 5 years, subject to the terms of the Plan. The options will vest 50%
immediately with the remaining 50% to vest in one year from grant date.
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a Canadian mineral exploration and development company that is
developing its advanced-stage flagship Fremont Gold Project in the historic Mother Lode Gold Belt of
California. The Fremont Property features an NI 43-101 Mineral Resource Estimate (MRE) of 1.16
million Au ounces at an average grade of 1.90 g/t Au within 19.0 million tonnes in the Indicated
classification, plus 2.02 million ounces at an average grade of 2.22 g/t Au within 28.3 million tonnes in
the Inferred Mineral Resource classification. This current MRE evaluates only 1.4 km of the entire 4 km
strike length of the Fremont Property that features four gold-mineralized zones. The Company is also
advancing its pipeline of early-stage exploration projects in Canada including the Golden Culvert and
Win Gold Projects, Tombstone Gold Belt, YT, the McIntyre Brook Gold Project,
the Captain Cobalt-
Copper-Gold Deposit in New Brunswick, and the Dingman Gold Project, Ontario.
For more information, please visit the company's website at
www.stratabound.com
or contact: R. Kim
Tyler, President and CEO 416-915-4157
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
release.
WARNING: The Company relies upon litigation protection for "forward-looking" statements. The
information in this release may contain forward-looking information under applicable securities laws.
This forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain
regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits,
changes in general economic conditions or conditions in the financial markets and the inability to raise
additional financing. Readers are cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/180149