TORONTO, Jan. 20,
2023 /CNW/ - Adventus Mining Corporation
("Adventus Mining" or the "Company") (TSXV: ADZN) (OTCQX:
ADVZF) is pleased to announce the appointment of Mr.
Gerardo Fernandez as non-executive
advisor to the board of directors. He has been with Yamana Gold
Inc. since 2007 where he has worked in several positions spanning
from operations, strategic planning, project development and
business development. Mr. Fernandez currently holds the position of
Senior Vice President, Corporate Development and Investor Relations
and previously, held the positions of Senior Vice President,
Operations and Senior Vice President, Projects and Technical
Services. Mr. Fernandez holds an MBA (Nevada, USA) and degrees in Civil Mining
Engineering and BSc. Engineering from the University of
Chile.
Grant of Stock Options and Restricted Share Units
Adventus Mining has granted an aggregate of 5,703,500 stock
options under the Company's share compensation plan to officers,
employees and non-executive directors, with an exercise price of
C$0.52 per stock option, exercisable
for a period of five years from the date of grant and vesting over
three years.
The Company has also awarded an aggregate of 1,428,000
restricted share units ("RSUs") under the Company's share
compensation plan to officers, employees and non-executive
directors. Each RSU represents a right to receive one common share
of the Company, following the vesting of such RSUs over a two-year
period.
About Adventus Mining
Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and
development company. Adventus Mining is majority owner of the 215
sq. km Curipamba copper-gold project, which has a completed
feasibility study on the shallow and high-grade El Domo deposit. In
addition, Adventus Mining is engaged in a country-wide exploration
alliance in Ecuador, which has
incorporated the Pijili and Santiago copper-gold porphyry projects to
date. Outside of Ecuador, Adventus
Mining owns an exploration project portfolio in Ireland with South32 Limited as the funding
participant. Its strategic shareholders include Altius Minerals
Corporation, Greenstone Resources LP, Wheaton Precious Metals
Corp., and the Nobis Group of Ecuador. Adventus Mining is based in
Toronto, Canada, and is listed on
the TSX Venture Exchange under the symbol ADZN and trades on the
OTCQX under the symbol ADVZF.
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 this news release.
This press release contains "forward -looking information"
within the meaning of applicable Canadian securities laws.
Forward-looking statements are based on the beliefs, expectations,
and opinions of the management of Adventus Mining as of the date
the statement is published, and Adventus Mining assumes no
obligation to update any forward-looking statement, except as
required by law. In certain cases, forward–looking statements can
be identified by the use of words such as "plans", "expects",
"outlook", "guidance", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "believes", or variations
of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved" or the negative of these terms or
comparable terminology.
Forward-looking information herein includes, but is not limited
to, statements that address activities, events, or developments
that Adventus Mining does not undertake or anticipate will or may
occur in the future including: the proposed use of proceeds; and
the receipt of all necessary approval, including the approval of
the TSXV Venture Exchange. Although Adventus Mining has attempted
to identify important factors that could cause actual actions,
events, or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated, or
intended. There can be no assurance that such information will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information.
SOURCE Adventus Mining Corporation