Kootenay Silver Inc. (TSX-V:KTN) has announced the appointment of Joseph Giuffre, a lawyer with over 30 years of legal experience in private practice with Vancouver and national law firms and in-house as a general counsel, as a director of the company.
The company noted that Giuffre advises private and public companies in complex corporate, commercial, securities legal and business transaction matters, including mergers and acquisitions, joint ventures, private and public debt and equity financings, regulatory compliance, corporate governance, and capital project development.
He has been a director of various public and private companies over the course of his 30-year career. He was previously the chief legal officer of Nevsun Resources Ltd, which was acquired in 2019 for around C$1.8 billion by Zijin Mining. He is also director, trustee, and a founder of some of the Avenue Living Group of Companies that manages over $3 billion in assets in multi-family, agriculture, commercial and self-storage real estate assets in Western Canada and the United States.
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"Joe brings many years of experience in securities law, capital markets and the mining and exploration industry which we look forward to drawing upon as we advance our high-grade Columba discovery and resource projects. We have known and worked with Joe on numerous occasions over the years and look forward to drawing on his wisdom at the board level. He brings a facet of expertise informed from the legal and commercial side of the business that compliments the board nicely," commented Jim McDonald, president & CEO in a statement.
Kootenay Silver also advised that it has appointed Red Cloud Securities Inc and Red Cloud Financial Services Inc to provide the company with a range of marketing and similar advisory services. Red Cloud is a Toronto-based financial services company that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile.
Under the engagement, Red Cloud will be paid a fee of $50,000 for the services it will render for an initial five-month period and the arrangement can automatically renew month-to-month thereafter at the option of the company. More specifically, Red Cloud will provide services such as organizing and administering 'roadshows' and targeting potential investors. The engagement of Red Cloud is subject to TSX Venture exchange approval.
Additionally, the company announced that stock options have been granted to officers, directors, employees, and consultants to purchase up to an aggregate of 21,450,000 million shares of Kootenay at a price of $0.155 per common share for a period of five years.
Kootenay Silver is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices.
The company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Contact the author at jon.hopkins@proactiveinvestors.com