Niobay Announces the Nomination of Derek Teevan and the Results of Agm
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Press release
TSX-V: NBY
NIOBAY ANNOUNCES THE NOMINATION OF DEREK TEEVAN AND THE RESULTS OF AGM
Montreal, June 5, 2020. NioBay Metals Inc. (“NioBay” or the “Company”) (TSX -V: NBY) is pleased to announce
the appointment of Mr. Derek Teevan to the position of Vice President, Aboriginal & Governmental Affairs. Mr.
Teevan has over 20 years of experience in the mining industry, and previously held various C-Suite positions at
Detour Gold and De Beers Canada.
“We are thrilled that Derek has officially joined the growing NioBay team. Derek was instrumental in obtaining
the numerous environemental assessment and permits while also leading the engagement and negotiating the
agreements with Indigenous communities to allow the Victor Diamond Mine and the Detour Gold mine to
proceed. Derek brings to NioBay the unique experience of developing two mines with the same First Nations
impacted by the Company’s James Bay Niobium project. Strengthening the team with leaders who have built
projects in the area will lead us to success”, said Claude Dufresne, President & CEO of NioBay Metals Inc.
ANNUAL SHAREHOLDERS MEETING
The Comp any is pleased to announce the results of its annual meeting (“AGM”) of shareholders held on
June 4, 2020. Shareholders holding a total of 20,800,693 common shares of the Company attended the AGM in
person or were represented by proxy, representing over 40% of the 52,254,580 common shares issued and
outstanding.
Jacques Bonneau, Jean-Sébastien David, Claude Dufresne, Dawn Madahbee Leach, Raymond Legault and Serge
Savard were re -elected to the board of directors. The shareholders also re -appointed
PricewaterhouseCoopers, LLP as auditors for the ensuing financial year and re-approved the Company’s rolling
stock option plan.
GRANT OF STOCK OPTIONS
Following the AGM, the Company approved the grant of an aggregate of 905,000 incentive stock options to
directors, officers, employees and consultants of the Company. One third of the stock options granted will vest
immediately and the remaining stock options granted are subject to a two year vesting period. All grants have a
five-year term at an exercise price of $0.28. The stock options have been granted pursu ant to the Company’s
Stock Option Plan and are subject to applicable securities laws and TSX Venture Exchange policies.
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ABOUT NIOBAY METALS INC.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project
located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. Niobay also holds a 72.5% interest in
the Crevier niobium and tantalum projec t located in Quebec and a 49% direct participation in mineral titles
situated in the Chibougamau and Normetal region, Quebec, under a joint venture agreement with SOQUEM.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.
Claude Dufresne, P.Eng.
President & CEO
Tel.: 514 866-6500
Email: [email protected]
www.niobaymetals.com
Renmark Financial Communications Inc.
Melanie Barbeau
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com