Magna Mining Inc (TSX-V:NICU) has named Ann-Marie Finney, a mining engineer and experienced finance executive, as its full-time chief financial officer with immediate effect.
She replaces Derrick Weyrauch, a co-founder of Magna, who will remain as a company director.
In a statement, Magna chief executive Jason Jessup said Finney will become “a key member” of the company’s senior management team.
“Her depth and breadth of experience in finance roles within the mining and renewable power sectors will be incredibly valuable as we continue to execute our multi-faceted growth plans that include transitioning to a producer, further strategic acquisitions, and project financing,” he commented.
“As a mining engineer with an extensive experience in financial operations, risk management, treasury, and financial analysis, Ann-Marie brings some invaluable experience into our company."
Finney has over 25 years of experience in treasury and finance roles in the mining and power sectors, with previous positions at Placer Dome, Barrick Gold, Kirkland Lake Gold and Northland Power.
Magna said it has granted Finney and an employee of the company 175,000 stock options, with each option entitling the holder to buy one common share of the company at an exercise price of $0.87 each until April 30, 2028.
Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada.
Contact the author at jon.hopkins@proactiveinvestors.com