Moneta Announces Appointment to the Board of Directors Symbol: TSX: ME
Moneta Announces Appointment to the Board
of Directors
Symbol: TSX: ME
TORONTO
,
July 31, 2019
/CNW/ -
Moneta Porcupine Mines Inc. (TSX:ME) (OTC: MPUCF)
(XETRA: MOP) ("Moneta" or the "Company")
is pleased to announce the appointment of Mr.
Josef Vejvoda
to the Board of Directors, subject to regulatory approval.
Josef Vejvoda
, CIM, ICD.D currently serves as Chief Executive Officer and Chief Compliance Officer
since 2018, and as a portfolio manager since 2013, at K2 & Associates Investment Management
Inc., a multi-strategy investment fund which holds approximately 22 million common shares in
Moneta. He was Managing Director, Investment Banking, and director of MGI Securities Inc., from
2007 to 2010. Prior to this, Mr. Vejvoda held various senior roles at a number of large financial
institutions, including Merrill Lynch Canada, Bank of
Montreal
, National Bank Financial and TD
Securities.
Mr. Vejvoda has a strong background serving on a number of boards as a director including
ShoreTel Inc. (NASDAQ: SHOR), acquired by Mitel for
US$540 million
, Dominion Diamonds
Corporation (TSX: DDC, NYSE: DDC) acquired by Washington Corporation for
US$1.2 billion
, and
also as Chairman of the Special Committee of PNI Digital Media Inc. (TSX: PN), sold to Staples
Inc.
Mr. Vejvoda graduated from Queen's University with a bachelor's degree in computer science and is
a registered portfolio manager with the Ontario Securities Commission. He has also earned the
Chartered Investment Manager (CIM®) designation from the Canadian Securities Institute and is a
graduate of the Institute of Corporate Directors having achieved the ICD.D designation.
About Moneta
The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-
Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production.
The projects consist of the Golden Highway,
North Tisdale
, Nighthawk Lake,
DeSantis East
,
Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective
ground along the DPFZ of which 4 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 383,400 ounces gold contained within 2.59 Mt @ 4.61 g/t Au
and a total of 873,200 ounces gold contained within 6.46 Mt @ 4.21 g/t Au in the inferred category
at a 3.00 g/t Au cut-off.
The Company's public documents may be accessed at
www.sedar.com
. For further information on
the Company, please visit our website at
www.monetaporcupine.com
or email us at
.
This news release includes certain forward-looking information and forward-looking statements,
collectively "forward-looking statements"
within the meaning of applicable Canadian securities
legislation.
Forward-looking statements are frequently identified by such words as "may", "will",
"plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and
results. Forward-looking statements include, but are not limited to information with respect to the
future performance of the business, its operations and financial performance and condition such
as the Company's drilling program and the timing and results thereof; and the ability of the
Company to finance and carry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management.
All forward-looking information is inherently uncertain and subject to a variety of assumptions,
risks and uncertainties, including the speculative nature of mineral exploration and development,
fluctuating commodity prices, competitive risks and the availability of financing, as described in
more detail in our recent securities filings available at
www.sedar.com
. Actual events or results
may differ materially from those projected in the forward looking-statements and we caution
against placing undue reliance thereon. We assume no obligation to revise or update these
forward-looking statements.
SOURCE
Moneta Porcupine Mines Inc.
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%SEDAR: 00003301E
For further information:
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C.
Peres, President and CFO, 416-579-3040
CO: Moneta Porcupine Mines Inc.
CNW 08:10e 31-JUL-19