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TORONTO, July 3, 2019 /CNW/ - Central Timmins
Exploration Corp. ("CTEC" or the "Company") (TSXV:CTEC) is
pleased to announce the appointment of Chris Hopkins to the position of Chief Financial
Officer and Corporate Secretary and the resignation of Arvin Ramos as chief financial officer effective
immediately.
Charles Gryba, CEO, commented:
"I'm pleased to welcome Chris to the team at CTEC. He brings
decades of experience in the junior mining sector and I look
forward to working with him as we continue to focus on adding value
through the efficient and focused execution of our Timmins exploration program."
Mr. Hopkins has 30 years of experience in financial and
management reporting, financial management, mergers &
acquisitions, corporate governance and investor relations.
The majority of his career has been spent in senior positions with
numerous publicly-listed companies, including U.S. Silver, Rio
Algom Limited, BHP Billiton, Suncor Inc. and several Canadian and
international junior mining companies. He received his Bachelor of
Commerce degree from the University of
Toronto, his Chartered Accountant designation and his Master
of Business Administration from the Schulich School of Business at
York University.
The Company also announces that, pursuant to its Stock Option
Plan, it has granted stock options to directors, officers and
consultants of the Company to purchase an aggregate 1,250,000
common shares in the capital of the Company at an exercise price of
$0.05 per share which expire on
July 2, 2024. Following this
stock option grant, the Company has a total of 4,840,000 stock
options outstanding representing approximately 9.35% of the
outstanding common shares of the Company. This stock option grant
is subject to acceptance by the TSX Venture Exchange.
About Central Timmins Exploration Corp.
CTEC is an early-stage Canadian junior exploration Company with
property exclusively within the city limits of Timmins in the Porcupine Mining District in
the northeastern region of Ontario. The Company's assets
cover approximately 135 km2 and are prospective for gold
as well as a suite of base metals. See the company website at
www.centraltimmins.com.
Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws that is intended to be
covered by the safe harbours created by those laws.
"Forward-looking information" includes statements that use
forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative
thereof or other variations thereof or comparable terminology. Such
forward-looking information includes, without limitation, the
Corporation's expectations, strategies and plans for the Timmins
Properties, including the Corporation's planned exploration
activities and the intended uses of the net proceeds of the
IPO.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made. Furthermore,
such forward-looking information involves a variety of known and
unknown risks, uncertainties and other factors which may cause the
actual plans, intentions, activities, results, performance or
achievements of the Corporation to be materially different from any
future plans, intentions, activities, results, performance or
achievements expressed or implied by such forward-looking
information. See "Risk Factors" in the Corporation's final
prospectus dated October 4, 2018
filed on SEDAR at www.sedar.com for a discussion of these
risks.
The Corporation cautions that there can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not
place undue reliance on forward-looking information.
Except as required by law, the Corporation does not assume any
obligation to release publicly any revisions to forward-looking
information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Central Timmins Exploration Corp
