Val-d'Or Mining Corporation Corporate Update
Val-d'Or Mining Corporation Corporate Update
Val-d'Or, Québec--(Newsfile Corp. - November 12, 2021) - Val-d'Or Mining Corporation (TSXV: VZZ)
(the "Company") announces that Louis Doyle has been appointed to the Board of Directors of the
Company and that Frank Mariage has resigned as a director of the Company.
Mr. Doyle is currently Executive Director and a director of Québec Bourse, the association regrouping
Québec based listed companies and other markets stakeholders. In addition, since 2016, he has also
provided consulting services to private companies seeking listing on Canadian exchanges.
He was the
Vice-President, Montréal of TSX Venture Exchange between October 1999 and December 2015. As
such, he was responsible for business development and listing activities in the Province of Québec and
Atlantic Canada and responsible for managing the Montréal listings team. During his tenure, he acted as
chairman of TSX Venture Listing Committee and was member of the Policy committee. Mr. Doyle also
led the nationwide TSX Venture Mentorship program and further acted regularly as a speaker and
advisor at conferences and workshops.
He has also held directorship roles with publicly traded
companies, the latest of which was Abitibi Royalties Inc.
The Board of Directors believes that Mr. Doyle will further complement the Board's abilities as the
Company moves forward, and extends him a warm welcome and thanks Mr. Mariage for his years of
service to the Company and wishes him well in his future endeavours.
The Company's Board has granted incentive stock options to Mr. Doyle, entitling the purchase of an
aggregate 178,000 common shares at a per share price of $0.11 for a period of 5 years.
The Company also announces that with the recent closing of the plan of arrangement involving Golden
Valley Mines and Royalties Ltd. ("GZZ") and Gold Royalty Corp. ("NYSE: GROY"), GROY has indirectly
become the Company's largest shareholder, owning 25,687,444 common shares, representing 37.96%
of the Company's issued and outstanding shares.
About Val-d'Or Mining Corporation
Val-d'Or Mining Corporation is a natural resource issuer involved in the process of acquiring and
exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE
Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates
new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi
Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering
different geological environments and commodities (Ni-Cu-PGE's).
The Company has an expertise in the identification and generation of new projects, and in the early
stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-
copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or
majority-owned properties, the Company seeks option/joint venture partners to conduct more advanced
exploration on the projects.
For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 514-835-8384
Email:
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"
occur.
Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results or realities may differ materially from those in forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date
the statements are made.
Except as required by law, the Company undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/103204