|May 16, 2017|
Mountain Boy Announces Change in the Board of Directors
|Stewart, BC -- Mountain Boy Minerals Ltd (Mountain Boy) is pleased to announce that Rene Bernard has joined the board of directors of Mountain Boy Minerals Ltd. Mr. Bernard will work in his position as executive chairman in close cooperation with Mr. Kruchkowski in order to advance the company's mining assets.|
The Company has issued 3,900,000 incentive stock options to Mr. Bernard. The options are exercisable for a period of five (5) years at a price of $0.05 per share. In addition, the Company has agreed to reduce the exercise price of Mr. Bernard's 3,000,000 existing options from $0.075 to $0.05. The re-pricing of Mr. Bernard's existing options remains subject to approval of the TSX Venture Exchange and disinterested shareholder approval.
Mr. Bernard has previously been an officer and director of TSX Venture listed companies. His current employer W & S Bernard Investment Ltd is a large shareholder of Mountain Boy Minerals and together with other members the family owns approximately 19.2% of the company's outstanding shares.
Mr. Kruchkowski (Pres. and C.E.O.) states: " I have known Rene for several years as a shareholder and consider him a personal friend. Since becoming a consultant to the company a few months ago his input has already impacted the company's vision in a significant way and I am extremely pleased to work with Rene for the benefit of Mountain Boy Minerals and its many shareholders".
Mr. Bernard states: " I am pleased to join the board of directors. Since I met Ed a few years back I have come to appreciate him not only as a close friend but also as a brilliant geologist who shares a common vision for Mountain Boy Minerals, to advance and turn its exploration properties into producing assets. I am looking forward to work closely with my fellow directors and management to achieve this goal."
Mr. Frank Kamermans has resigned from the board of directors to pursue other business ventures. The Company wishes thanks Mr. Kamermans for his many years of service as a director and as president. He guided the Company during its exchange listing and was involved in the numerous property acquisitions that now form the core of the Company's assets.
Mountain Boy Minerals is a diversified exploration and project development company with its 20% interest in the "Silver Coin" deposit (over 2MM oz of gold equivalent with its share carried to production by Jayden Resources Ltd) located between Ascot's "Premier" and "Big Missouri " pits. It also owns a 35% interest in the "Red Cliff" property, a high grade advanced gold-copper exploration project. Furthermore, the company holds a 100% interest in the "MB Silver" and a 50% interest in the expansive "BA" and "George Copper"claim blocks (>12MM spent to date - Zinc, Lead, Silver and Copper mineralization). At the company's "Zeolite Project" in southern B.C. consulting and permitting is ongoing. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF Mountain Boy Minerals LTD.
Randy Kasum, Director
"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." "This news release may contain forward--looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
You can view the Next News Releases item: Tue May 23, 2017, Metallurgical Testing and 2017 Field Program Started
You can view the Previous News Releases item: Tue May 2, 2017, Wilfried Bernard files Early Warning Report
You can return to the main News Releases page, or press the Back button on your browser.