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All amounts are in US dollars unless otherwise stated
BROSSARD, KC / ACCESSVIRE / November 28, 2022 // G Mining Ventures Corp. (“GMIN” or “Corporation“) (TSKSV:GMIN) (OTCKKS:GMINF) is pleased to announce the appointment of Carlos Vilhena to its Board of Directors on November 24, 2022.
Mr. Vilhena was appointed as the second candidate of La Mancha Investments S.a rl (“La Mancha” or “Investor“), in accordance with the terms of the investor’s rights agreement (“IRA“) between the Corporation and the Investors, as further described in the Corporation’s press release dated July 18, 2022, a copy of which is filed under GMIN’s profile on the SEDAR website at www.sedar.com.
Louis-Pierre Gignac, President and Chief Executive Officer of GMIN, commented: “We are pleased to welcome Carlos to the GMIN team. As one of the top mining law practitioners in Brazil, Carlos’ deep understanding of the legal landscape in Brazil adds a key skill set to our board as we advance construction activities on our fully permitted and financed Tocantinzinho (“TZ“) Project in the State of Para. Engineering and construction at TZ continues to progress significantly on schedule and on budget, and we look forward to continuing to contribute significant value to local communities through this significant project for the State of Para.“
Mr. Vilhena is an attorney and partner at the law firm Pinheiro Neto Advogados, based in Brasilia, Brazil, where he is the administrative manager of the local office. Mr. Vilhena also manages the mineral resources law and government relations practices, and has been repeatedly recognized as one of the top mining law practitioners in Brazil by numerous publications, including the International Who’s Who of Mining Lawyers by Who’s Who Legal , Latin Lawyer, Chambers and Legal 500. He is the Secretary of the Natural Resources and Energy Law Foundation.1 and Publications Officer of the Energy, Environment, Natural Resources and Infrastructure Law Section of the International Bar Association. He is also a director of TriStar Gold Inc. Mr. Vilhena holds a Masters in Natural Resources Law from the Center for Energy, Petroleum and Mineral Law and Policy, University of Dundee, Scotland and a Masters in Law from the University of Brasilia. School.
Mr. Vilhena was granted 201,887 incentive stock options (“Options”), each option exercisable at a price of C$0.66, in three equal annual installments beginning on the date of grant, and with a term of five years. The options are granted in accordance with the company’s stock plan.
1Formerly Rocky Mountain Mineral Love Foundation
Schedule and next steps
After closing the financing of the TZ project, the Corporation is focused on the following activities:
- Remaining infill and exploration drilling program in K4-22;
- Completion of detailed engineering through H1-23;
- Issuing the inaugural ESG report in 2023; and
- First gold production expected in H2-24 with first year of full production in 2025.
Additional information
For more information about GMIN, please visit www.gminingventures.com or contact:
Jessie Liu-Ernsting
Director, Investor Relations and Communications
+1.647.728.4176
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About G Mining Ventures Corp.
G Mining Ventures Corp. (TSXV: GMIN) (OTCKKS: GMINF) is a mining company that engages in the acquisition, exploration and development of precious metals projects to capitalize on value appreciation from successful mine development. GMIN is well positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho project in the promising mining-friendly state of Para, Brazil.
About La Mancha and La Mancha Resource Fund SCSp
La Mancha is a wholly owned subsidiary of La Mancha Resource Fund SCSp (“fund“), a Luxembourg-based deep value fund advised by La Mancha Resource Capital LLP and dedicated primarily to investments in the precious and energy transition metals space. La Mancha is headquartered at 31-33 Avenue Pasteur L-2311 Luxembourg.
About La Mancha Resource Capital LLP
La Mancha Resource Capital LLP advises the Fund on strategic investments in public and private royalty and mining companies with a global outlook. La Mancha Resource Capital LLP is a long-term investment advisor, with a mandate to support mining companies by providing long-term capital, as well as operational and board-level expertise, to further operate and expand the company’s portfolio.
La Mancha Resource Capital LLP is the appointed representative of G10 Capital Limited, which is authorized and regulated by the Financial Conduct Authority (FRN 648953).
Additional information
For more information about La Mancha Resource Capital LLP, visit the website at www.lamancharesourcecapital.com or contact:
Karim-Michel Nasr
Managing Partner and Co-CIO
+44.203.960.2020
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Neither TSKS Venture Exchange nor its regulation service provider (as that term is defined in the policies of TSKS Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date hereof. print edition. Forward-looking statements contained in this press release include, without limitation:
- The impact of the new director’s experience and skills on the improvement of the Corporation’s TZ project;
- The TZ project will progress significantly in accordance with the planned schedule and budget;
- TZ project to contribute significant value to local communities and to be significant for the state of Para; and
- Generally, the contents of the sections above titled “Schedule and Next Steps” and “About G Mining Ventures Corp.”
Forward-looking statements are based on expectations, estimates and projections as of the date of this press release. Forward-looking statements are necessarily based on numerous estimates and assumptions that, although the Corporation believed to be reasonable at the time such statements were made, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those underlying the items set forth in the section above entitled “About G Mining Ventures Corp.”.
Many of these uncertainties and contingencies may directly or indirectly affect, and cause actual results to differ materially from, those expressed or implied by any forward-looking statements. There can be no assurance that, in particular, but without limitation, the Corporation will (i) advance construction on budget and schedule, (ii) bring the Project into commercial production or (iii) become an intermediate producer of precious metals, as future events could differ significantly from what the Corporation currently anticipates.
By their nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that estimates, forecasts, projections and other forward-looking statements will not be realized or that assumptions may not reflect future experience. Forward-looking statements are made for the purpose of providing information about management’s expectations and plans regarding the future. Readers are cautioned not to place undue reliance on these forward-looking statements because a number of important risk factors and future events could cause actual results to differ materially from the beliefs, plans, objectives, expectations, predictions, estimates, assumptions and intentions expressed. expressed in such forward-looking statements. All forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation’s other filings with Canadian securities regulators, including, but not limited to, the cautionary statements made in the Corporation’s relevant sections (i) Annual Information Form dated 3 June 2022 for the financial year ended 31 December 2021 and (ii) Management’s Discussion and Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive and that new, unpredictable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to account for any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
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