VANCOUVER, BC, July 26, 2021 /CNW/ - Mako Mining
Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the
"Company") is pleased to announce the appointment of Mr.
Ezequiel Sirotinsky as Director of
Finance of the Company effective July 26,
2021. Mr. Sirotinsky will report to the Chief Financial
Officer of Mako and will be responsible for all the accounting and
financial operations of the Company in Nicaragua. Mr. Sirotinsky will be based in
Medellín, Colombia, where he lives
with his family and Managua,
Nicaragua.
Mr. Sirotinsky has almost 25 years of experience in finance and
accounting roles in the mining industry, including leadership roles
with Calibre Mining (Senior Manager - Finance), Red Eagle Mining
(Director of Finance - Colombia),
Petaquilla Minerals (CFO), Silver Standard Resources (Director of
Finance - Argentina), and
AngloGold Ashanti (Director Administration and Finance -
Argentina). Mr. Sirotinsky has a
degree of Certified Public Accountant obtained at Buenos Aires University (Argentina), a post-graduate diploma in
Management obtained at the Graduate School of Business of the
University of Cape Town, South
Africa and is fluent in English and Spanish. During his
career, Mr. Sirotinsky has always worked closely with operations
and spent time at mine sites, which has enabled him to acquire a
comprehensive understanding of the mining business and its
operational drivers.
Akiba Leisman, Chief Executive
Officer of Mako states that, "I am very pleased to welcome Ezequiel
to the Company. Now that San Albino is in commercial production, we
are building out our finance and accounting team to prepare for
Mako's continuing growth. Ezequiel's experience will be of great
value to Mako, and we are excited that he is joining our team."
Mako's board of directors has authorized and approved the grant
of 1,000,000 incentive stock options to Mr. Sirotinsky, to be
granted on his effective start date of July
26, 2021, for a term of five years expiring on July 26, 2026, at a price per share equal to the
closing price of the Company's common shares on the TSX Venture
Exchange on July 23, 2021, in
accordance with the terms of the Company's current incentive stock
option plan. The stock options shall vest 25% immediately, and 25%
on each of the first, second and third anniversary of the grant
date.
On behalf of the Board,
Akiba
Leisman
CEO
About Mako
Mako Mining Corp. is a publicly listed gold mining, development
and exploration company. The Company operates the high-grade
San Albino gold mine in Nueva
Segovia, Nicaragua, which
ranks as one of the highest-grade open pit gold mines globally.
Mako's primary objective is to operate San Albino profitably and
fund exploration of prospective targets on its district-scale land
package.
Forward-Looking Statements: Statements
contained herein, other than of historical fact, may be considered
"forward-looking information" within the meaning of applicable
securities laws. Forward-looking information is based on certain
expectations and assumptions, including that Mr. Sirotinsky will
commence his role as Director of Finance on July 26, 2021 reporting to the Chief Financial
Officer of Mako and will be responsible for all the
accounting and financial operations of the Company in Nicaragua; Mr. Sirotinsky's experience will be
of value to Mako; the stock options granted to Mr. Sirotinsky will
expire on July 26, 2026; Mako will
operate San Albino profitably and fund exploration of prospective
targets on its district-scale land package. Such
forward-looking information is subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking information,
including, without limitation, the risk that Mr. Sirotinsky does
not start with the Company effective July
26, 2021 or that the chain of reporting to the Chief
Financial Officer or his Director of Finance responsibilities
change; Mr. Sirotinsky's experience does not prove to be of value
to Mako; the stock options granted to Mr. Sirotinsky expire on a
different date; Mako is not successful in operating San Albino
profitably and is unable to successfully fund the exploration of
prospective targets, and such other risk factors as outlined in the
continuous disclosure documents of the Company filed on SEDAR at
www.sedar.com.Information contained herein represents
management's best judgment as of the date hereof, based on
information currently available to it, and is included for the
purposes of providing investors with the Company's plans and
expectations in connection with the appointment of its new Director
of Finance and the continued development of the San Albino project,
and may not be appropriate for other purposes. Mako does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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 release.
SOURCE Mako Mining Corp.