VANCOUVER, BC, Feb. 26, 2021 /CNW/ - Northern Vertex Mining
Corp. (the "Company" or "Northern Vertex") (TSXV: NEE)
(OTC-NASDAQ Intl: NHVCF), announces that Kenneth Berry will step down as President and
Chief Executive Officer of Northern Vertex Mining Corp., effective
February 25, 2021. Mr. Berry
will remain a director of the Company.
Mr. Berry's duties will be assumed by the Chairman and Director,
Douglas J. Hurst along with
Michael G. Allen who will be
appointed President of Northern Vertex.
Douglas J. Hurst, Northern
Vertex Chairman, stated: "Ken was a founding member of
Northern Vertex and responsible for the acquisition, financing, and
leadership of the Moss project from resource estimate to
construction and on to profitable operation. The Board of Directors
appreciates everything he has done and will continue to benefit
from his counsel. We wish him every success in his other current
and future endeavours."
Fiscal Year-end Change
The Company also announces a change in its fiscal year-end from
June 30 to December 31. For
details regarding the impact to Northern Vertex's financial
statements, reference is made to the Notice of Change in Year-End
pursuant to National Instrument 51-102 Continuous Disclosure
Obligations, filed under the Company's SEDAR profile.
Option Agreement Payment
The Company has issued 1,090,000 shares to Iconic Minerals Ltd.
under the terms of the Option Agreement dated August 9, 2019 between Eclipse Gold Mining
Corporation and Iconic Minerals Ltd., and the Amending Agreement
dated February 12, 2021 between
Northern Vertex and Iconic Minerals Ltd.
About Northern Vertex
Northern Vertex Mining Corp. owns and operates the Moss Mine,
currently the largest pure gold and silver mine in Arizona and is exploring the district-scale
Hercules gold property within Nevada's Walker
Lane trend.
ON BEHALF OF THE BOARD OF DIRECTORS OF NORTHERN VERTEX
MINING
Douglas J. Hurst
Chairman and Director
CORPORATE INQUIRIES:
David
Splett, CFO at Northern Vertex
Company Website: www.northernvertex.com
+1 (855) 633-8798 Toll Free
+1 (604) 601-3656 Office
Email: david@northernvertex.com
TSXV: NEE | OTC: Nasdaq Intl: NHVCF | Frankfurt: 54N | ISIN: CA6660061012 | WKN:
A1JUA0
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.
Cautionary Statement Regarding Forward Looking
Information
These are "forward-looking" because we have used what we know
and expect today to make a statement about the future.
Forward-looking statements including but are not limited to
comments regarding the timing and content of upcoming work and
analyses. Forward-looking statements usually include words such as
scheduled, may, intend, plan, expect, anticipate, believe or other
similar words. Forward-looking statements are necessarily based
upon a number of factors and assumptions that, while considered
reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Many factors, known
and unknown, could cause actual results to be materially different
from those expressed or implied by such forward-looking statements.
We believe the expectations reflected in these forward-looking
statements are reasonable. However, actual events and results could
be substantially different because of the risks and uncertainties
associated with our business or events that happen after the date
of this news release. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date made. As a general policy, we do not update forward-looking
statements except as required by securities laws and regulations.
US investors should be aware that mining terminology used for
Canadian mineral project reporting purposes differs significantly
from US terminology.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/northern-vertex-announces-management-change-301236260.html
SOURCE Northern Vertex Mining Corp.
