Visible Gold Mines Appoints Doug Andrews as Special Advisor to its Geological Team
Visible Gold Mines Appoints Doug Andrews as
Special Advisor to its Geological Team
ROUYN-NORANDA, QC
,
Jan. 6, 2021
/CNW Telbec/ -
Visible Gold Mines Inc.
(TSXV: VGD)
(
Frankfurt
: 3V41) (OTCQX: VGMIF)
is pleased to announce that it has appointed
Doug Andrews
to
its geological team as special adviser. Mr. Andrews is expected to work closely with Robert
Sansfaçon, Vice President Exploration of Visible Gold Mines, on developing and executing the
company's exploration vision. Both Mr. Andrew and Mr. Sansfacon have extensive experience in gold
exploration in the Abitibi greenstone belt.
Mr. Andrews is a retired professional geologist with extensive exploration experience focused on
precious metal exploration. He acts as a technical adviser for several public and private mineral
exploration companies. Mr. Andrews holds a B.Sc. in geology from the
McMaster University
and a
M.Sc. in geology from the
University of Manitoba
.
In connection with Mr. Andrews nomination, Visible Gold Mines has granted to him incentive stock
options to purchase up to 200,000 common shares of Visible Gold Mines pursuant to and in
accordance with the terms and conditions of Visible Gold Mines' stock option plan. Each stock
option is exercisable at a price of
$.0355
per share for a period of three years from the date of
grant and is not subject to any vesting conditions.
In addition, the Board of Directors has today granted stock options in respect of 750,000 common
shares to Visible Gold Mines' four directors and two consultants. The options were granted pursuant
to Visible Gold Mines' stock option plan. The exercise price of the options is
$0.355
, which is equal
to the closing price of Visible Gold Mines' common shares on the TSX Venture Exchange on
Tuesday January 5, 2021
. The options will expire on
January 6, 2031
and vested immediately.
About Visible Gold Mines
Visible Gold Mines is a resource company focused on acquiring and exploring precious metals in
northwestern Québec, considered one of the world's best jurisdictions for mining and exploration.
The Company has 31 064 539 shares outstanding.
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
the release.
SOURCE
Visible Gold Mines Inc.
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For further information:
Martin Dallaire, President and Chief Executive Officer, Telephone: 819-
762-0107, Fax: 819-762-0097, E-mail: [email protected], Website:
www.visiblegoldmines.com
CO: Visible Gold Mines Inc.
CNW 13:23e 06-JAN-21