Benchmark Metals Announces Board Refreshment and Enhanced Governance Framework
Benchmark Metals Announces Board
Refreshment and Enhanced Governance
Framework
Edmonton, Alberta--(Newsfile Corp. - August 29, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQB: BNCHF) (WKN: A2JM2X)
(the "
Company
" or "
Benchmark
") - The Company wishes to
announce that Co-Founder and Chief Financial Officer, Sean Mager, and Qualified Person, Michael
Dufresne, P. Geol., have resigned as directors of the Company, in order to welcome the appointments of
two new independent directors to the board of directors (the "
Board
"), Keith Peck and Peter Gundy, in
their place. Sean Mager will continue to act as the Chief Financial Officer of the Company.
Keith Peck is Chair and CEO of Lincoln Peck Financial Inc., a financial advisory firm focused on the
resources sector, and a Chartered Business Valuator with over 35 years of investment banking
experience, including as vice-president and director of RBC Dominion Securities Inc., Haywood
Securities Inc. and vice-chair of Yorkton Securities Inc. Mr. Peck has significant public company
experience, including acting as the chair of Camino Minerals Corporation. Mr. Peck was a founder of
Centenario Copper Corporation which was acquired by Quadra Mining Ltd. in 2009. Mr. Peck was more
recently chair of Orezone Gold Corporation and was a director and audit committee chair of Bluestone
Resources Inc.
Peter Gundy was a co-founder of Potash Corporation of Saskatchewan (a predecessor to Nutrien) and
the founder of Neo Material Technologies Inc ("
NEM
"), serving as NEM's chief executive officer and
chair from 1992 to 2008. NEM became a global leader in the production of advanced rare earth metals
also used in the electronics industries and automotive sectors. In 2012, NEM was sold to Molycorp for
$1.1 billion. Mr. Gundy has served as a director with numerous publicly traded companies, and currently
serves on the board of Andean Precious Metals, where he is chair of both its audit committee and
nomination and corporate governance committee.
In addition to changes in the composition of the Board, the Company has appointed Keith Peck as the
independent Lead Director of the Board. John Williamson will remain as executive Chairman and CEO.
As Lead Director, Mr. Peck will provide leadership to the Board and the independent directors and
facilitate the functioning of the Board independently of management, working together with the executive
Chairman. The Company has also reconstituted its Audit Committee to be comprised solely of
independent directors, within the meaning of National Instrument 52-110 -
Audit Committees
. Effective
immediately, the members of the Audit Committee are Mr. Peck, Mr. Gundy and Mr. Toby Pierce. Mr.
Gundy has been appointed Chair of the Audit Committee. In accordance with best governance
practices, the reconstituted Board has also resolved to form an independent Governance, Nominating
and Compensation Committee ("
GNC Committee
"), comprised of Mr. Peck, Mr. Gundy and Mr. Pierce.
The new GNC Committee will assist the Board with respect to governance, nominating and
compensation matters relating to the Company.
John Williamson, Chairman and CEO, said: "We are very pleased to welcome Keith and Peter to
Benchmark's Board. As seasoned veterans with proven track records in the resources sector, and deep
expertise in public company governance, strategy, capital markets and strong financial and business
acumen, we are confident these changes and governance enhancements will complement the existing
Board structures and help strengthen Benchmark's performance and long-term value for the benefit of all
of the Company's shareholders and key stakeholders. On behalf of the Board, I'd also like to thank
Michael and Sean for their past Board service."
About Benchmark Metals
Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned
Lawyer's Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia,
Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition
to +20 new target areas along the 20-kilometre trend. The Company trades on the TSX Venture
Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in
Europe. Benchmark is managed by proven resource sector professionals, who have a track record of
advancing exploration projects from grassroots scenarios through to production.
www.metalsgroup.com
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Williamson"
John Williamson
, Chief Executive Officer
For further information, please contact:
Jim Greig
Email:
Telephone: +1 604 260 6977
NEITHER 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.
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