Symbol: TSX: ME
TORONTO, July 31, 2019 /CNW/ - Moneta Porcupine
Mines Inc. (TSX:ME) (OTC: MPUCF) (XETRA: MOP) ("Moneta" or the
"Company") is pleased to announce the appointment of Mr.
Josef Vejvoda to the Board of
Directors, subject to regulatory approval.
Josef Vejvoda, CIM, ICD.D
currently serves as Chief Executive Officer and Chief Compliance
Officer since 2018, and as a portfolio manager since 2013, at K2
& Associates Investment Management Inc., a multi-strategy
investment fund which holds approximately 22 million common shares
in Moneta. He was Managing Director, Investment Banking, and
director of MGI Securities Inc., from 2007 to 2010. Prior to this,
Mr. Vejvoda held various senior roles at a number of large
financial institutions, including Merrill Lynch Canada, Bank of
Montreal, National Bank Financial
and TD Securities.
Mr. Vejvoda has a strong background serving on a number of
boards as a director including ShoreTel Inc. (NASDAQ: SHOR),
acquired by Mitel for US$540 million,
Dominion Diamonds Corporation (TSX: DDC, NYSE: DDC) acquired by
Washington Corporation for US$1.2
billion, and also as Chairman of the Special Committee
of PNI Digital Media Inc. (TSX: PN), sold to Staples Inc.
Mr. Vejvoda graduated from Queen's University with a bachelor's
degree in computer science and is a registered portfolio manager
with the Ontario Securities Commission. He has also earned the
Chartered Investment Manager (CIM®) designation from the Canadian
Securities Institute and is a graduate of the Institute of
Corporate Directors having achieved the ICD.D designation.
About Moneta
The Company holds a 100% interest in 6 core gold projects
strategically located along the Destor-Porcupine Fault Zone in the
Timmins Gold Camp with over 85 million ounces of past gold
production. The projects consist of the Golden Highway,
North Tisdale, Nighthawk Lake,
DeSantis East, Kayorum and Denton
projects. The Golden Highway Project covers 12 kilometres of
prospective ground along the DPFZ of which 4 km hosts the current
43-101 mineral resource estimate comprised of an indicated resource
of 383,400 ounces gold contained within 2.59 Mt @ 4.61 g/t Au and a
total of 873,200 ounces gold contained within 6.46 Mt @ 4.21 g/t Au
in the inferred category at a 3.00 g/t Au cut-off.
The Company's public documents may be accessed at www.sedar.com.
For further information on the Company, please visit our website at
www.monetaporcupine.com or email us at
info@monetaporcupine.com.
This news release includes certain forward-looking
information and forward-looking statements, collectively
"forward-looking statements" within the meaning of
applicable Canadian securities legislation. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results.
Forward-looking statements include, but are not limited to
information with respect to the future performance of the business,
its operations and financial performance and condition such as the
Company's drilling program and the timing and results thereof; and
the ability of the Company to finance and carry out its anticipated
goals and objectives.
Forward-looking statements are based on the current opinions
and expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available
at www.sedar.com. Actual events or results may
differ materially from those projected in the forward
looking-statements and we caution against placing undue reliance
thereon. We assume no obligation to revise or update these
forward-looking statements.
SOURCE Moneta Porcupine Mines Inc.
