Central Timmins Exploration Corp. Announces
Central Timmins Exploration Corp. Announces
Appointment of Chief Financial Officer and
Grant of Stock Options
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TORONTO
,
July 3, 2019
/CNW/ -
Central Timmins Exploration Corp.
("CTEC" or the "Company")
(TSXV:CTEC) is pleased to announce the appointment of
Chris Hopkins
to the position of Chief
Financial Officer and Corporate Secretary and the resignation of
Arvin Ramos
as chief financial
officer effective immediately.
Charles Gryba
, CEO, commented: "I'm pleased to welcome Chris to the team at CTEC. He brings
decades of experience in the junior mining sector and I look forward to working with him as we
continue to focus on adding value through the efficient and focused execution of our
Timmins
exploration program."
Mr. Hopkins has 30 years of experience in financial and management reporting, financial
management, mergers & acquisitions, corporate governance and investor relations. The majority of
his career has been spent in senior positions with numerous publicly-listed companies, including U.S.
Silver, Rio Algom Limited, BHP Billiton, Suncor Inc. and several Canadian and international junior
mining companies. He received his Bachelor of Commerce degree from the
University of Toronto
, his
Chartered Accountant designation and his Master of Business Administration from the Schulich
School of Business at
York University
.
The Company also announces that, pursuant to its Stock Option Plan, it has granted stock options to
directors, officers and consultants of the Company to purchase an aggregate 1,250,000 common
shares in the capital of the Company at an exercise price of
$0.05
per share which expire on
July 2
,
2024. Following this stock option grant, the Company has a total of 4,840,000 stock options
outstanding representing approximately 9.35% of the outstanding common shares of the Company.
This stock option grant is subject to acceptance by the TSX Venture Exchange.
About Central Timmins Exploration Corp.
CTEC is an early-stage Canadian junior exploration Company with property exclusively within the city
limits of
Timmins
in the Porcupine Mining District in the northeastern region of Ontario. The
Company's assets cover approximately 135 km
2
and are prospective for gold as well as a suite of
base metals. See the company website at
www.centraltimmins.com
.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities
laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking
information" includes statements that use forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or
comparable terminology. Such forward-looking information includes, without limitation, the
Corporation's expectations, strategies and plans for the Timmins Properties, including the
Corporation's planned exploration activities and the intended uses of the net proceeds of the IPO.
Forward-looking information is not a guarantee of future performance and is based upon a number
of estimates and assumptions of management at the date the statements are made. Furthermore,
such forward-looking information involves a variety of known and unknown risks, uncertainties and
other factors which may cause the actual plans, intentions, activities, results, performance or
achievements of the Corporation to be materially different from any future plans, intentions,
activities, results, performance or achievements expressed or implied by such forward-looking
information. See "Risk Factors" in the Corporation's final prospectus dated
October 4, 2018
filed on
SEDAR at
www.sedar.com
for a discussion of these risks.
The Corporation cautions that there can be no assurance that forward-looking information will prove
to be accurate, as actual results and future events could differ materially from those anticipated in
such information. Accordingly, investors should not place undue reliance on forward-looking
information.
Except as required by law, the Corporation does not assume any obligation to release publicly any
revisions to forward-looking information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Central Timmins Exploration Corp
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For further information:
Central Timmins Exploration Corp.: Charles Gryba, President, CEO &
Director, [email protected], Tel: 416-801-6366; Chris Hopkins, CFO, [email protected], Tel:
416 786 9793
CO: Central Timmins Exploration Corp
CNW 16:45e 03-JUL-19