Forte Minerals Corp. (“Forte” or the “Company”) (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA) is pleased to announce that the Board of Directors has appointed Patrick Evans as independent director and Chairman of the Board of Directors.
Mr. Evans brings more than 25 years of senior leadership experience in the mining industry, specializing in mergers and acquisitions, capital markets and world-class asset development across four continents. He is currently chairman of Pan Global Resources Inc.
Mr. Evans’ career includes leading multiple publicly traded companies to successful exits and significant value creation. He was previously CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc. He managed the sales of several companies including Norsemont Mining Inc. (acquired by Hudbay Minerals), Weda Bay Minerals Inc. (acquired by Eramet SA) and Southern Platinum (acquired by Lonmin PLC).
Mr. Evans holds a degree in arts and sciences from the University of Cape Town and previously served as Consul General of South Africa to Canada (1994–1998). His leadership in the industry has been recognized by both the Prospectors & Developers Association of Canada’s Viola R. MacMillan Award and the Hugo Dummett Award from the Association for Mineral Exploration .
The Board of Directors is confident that Mr. Evans’ proven track record in mergers, acquisitions, capital markets and advancing complex multinational operations will directly support Forte in the development of its copper and gold projects in Peru. His appointment represents a significant improvement in the independence of the Board of Directors and the supervision of corporate governance.
As independent chairman, Mr. Evans will oversee Forte’s Board of Directors and ensure that management decisions are aligned with shareholder interests and the company’s long-term strategic objectives.
Patrick Elliott President and CEO of Forte, stated: ” The appointment of Patrick Evans represents a transformational addition to the Forte Minerals Board of Directors. One of the most talented executives in the global mining industry, Mr. Evans has a distinguished track record of leading high-growth companies through major transactions, capital markets success and the development of high-quality mineral assets. His strategic insight and leadership will be of great importance as Forte expands its high-quality copper and gold portfolio in Peru and continues to unlock significant long-term value for shareholders “.
Mr Evans added: “Forte Minerals has built an exceptional portfolio of exploration projects in one of the world’s most important mining jurisdictions. I am excited to work with the Board and management team to unlock the full potential of these assets and drive meaningful growth and value creation for all stakeholders.”
Forte Minerals would also like to express its sincere gratitude to Mr. Doug Turnbull, P.Geo., who has resigned from the Board of Directors. Mr Turnbull has been an independent director and chairman of the Remuneration Committee since 2010.
During his fourteen years of dedicated service, Mr. Turnbull has been an integral part of Forte’s growth and governance, bringing more than 30 years of global exploration experience and thought leadership to the Board of Directors. His geological expertise and steady leadership have helped shape the strategic direction of the company from its early stages to its current milestones.
Mr Turnbull is stepping down on excellent terms to pursue a new opportunity at VBKOM, an engineering company based in South Africa.
The Board of Directors and management would like to thank him for his long-term commitment, professionalism and contribution to Forte’s success, and wish him further achievements in his new role.
Company Update: Option Grants
In connection with his appointment as member of the Board of Directors and as independent chairman of the Company, Mr. Patrick Evans was granted 500,000 stock options. Each option can be exercised for five years to acquire one common share of the Company at a price of C$0.78 per share, consistent with the exercise price granted to other directors in recent stock option issuances.
The Company also granted a total of 2,250,000 stock options to directors, officers and consultants pursuant to its existing stock option plan.
A total of 2,750,000 stock options were granted. All Options are exercisable at $0.78 per share for a period of five years, subject to the terms of the plan and applicable regulatory approvals.
ABOUT Forte Minerals CORP.
Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú SAC the company will have access to a rich pipeline of historically drilled, high-impact targets in the key mineral belts of the Andes. The company is committed to responsible development of resources that generate long-term value for shareholders, communities and partners.
On behalf of Forte Minerals CORP.
(signed) ” Patrick Elliott”
Patrick Elliott, MSc, MBA, PGeo
President and CEO
Forte Minerals Corp.
info@forteminerals.co M
www.forteminerals.com
For more information please contact:
Questions from investors
Kevin Guichon, IR & Capital Markets
E: kguichon@forteminerals.com
C: (604) 612-9976
Media contact
Anna Dalaire, VP Business Development
E: adalaire@forteminerals.com
T: (604) 983-8847
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Certain statements in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “should” and similar expressions as they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect current expectations regarding future results or events. This press release contains forward-looking statements regarding the intended use of proceeds from the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the company regarding the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information regarding these assumptions, risks and uncertainties can be found under “Risk Factors and Uncertainties” in the Company’s most recent management discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other documents the Company has filed and may file in the future with applicable securities authorities.
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