TSX-V: SIL
VANCOUVER, Dec. 12, 2016
/CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is
pleased to announce that N. Eric Fier, President of the
Company has returned from his partial leave of absence due to
medical reasons and will resume his full‑time duties as Chief
Executive Officer, effective January 1, 2017.
Dunham Craig, Interim Chief Executive Officer of the
Company will continue to assist with CEO responsibilities on an
interim basis until January 1, 2017.
Graham Thody, Chairman of the
Board, stated: "We are very pleased that Eric has made an excellent
recovery from a medical procedure, and speaking for the entire
Board and management team, we are very excited to see Eric resume
his leadership role with the Company on a full-time basis. We wish
to thank Dunham for so ably
assuming the CEO role during Eric's absence."
The Company is also pleased to announce that Anne Yong,
currently the Company's Controller, will succeed
Barney Magnusson as Chief Financial Officer, who will step
down from the CFO role to become Executive Vice‑President effective
January 1, 2017. Mr. Magnusson will also remain as
a Director of SilverCrest.
N. Eric Fier, President and CEO, stated: "I would like to
thank Barney for his outstanding contribution to the Company as CFO
and I look forward to working with him in his new role as Executive
Vice‑President. I also look forward to working with Anne in her new
capacity as CFO. Her experience and knowledge of SilverCrest
as well as her financial acumen makes her the perfect fit for her
new role."
Mrs. Yong is a CPA, CA with over ten years of accounting
knowledge gained from industry, public practice and government
regulatory work experiences. Prior to her role as Controller with
the Company, she was the Corporate Compliance and Disclosure
Officer of SilverCrest Mines Inc. She has brought to the
SilverCrest team her technical expertise and experiences as a
Public Company Assurance Group Manager of a Vancouver Chartered
Professional Accounting ("CPA") firm, primarily servicing reporting
issuers listed on the TSX and TSX Venture Exchange. During her
seven years with this CPA firm, she also completed a 13-month
secondment with the British Columbia Securities Commission as a
Securities Analyst gaining valuable knowledge in B.C. and Canadian
regulatory and financial reporting requirements for public company
issuers as well as prospectus filing requirements in Canada.
The Company also announces the grant of stock options under its
Stock Option Plan to purchase an aggregate of 1,525,000 common
shares of the Company at an exercise price of $2.30 per share for a five year term expiring
December 9, 2021. The stock options were granted to directors,
officers, employees and consultants of the Company and are subject
to any necessary regulatory approvals.
The stock options shall vest as to 25% of the Optioned Shares on
each of March 9, 2017, June 9, 2017, September 9, 2017 and
December 9, 2017, respectively.
SilverCrest Metals Inc. (TSX-V: SIL) is a Canadian
precious metals exploration company headquartered in Vancouver, BC, that is focused on new
discoveries, value-added acquisitions and targeting production in
Mexico's historic precious metal
districts. The Company is led by a proven management team in all
aspects of the precious metal mining sector, including the
pioneering of a responsible "phased approach" business model taking
projects through discovery, finance, on time and on budget
construction, and production with subsequent increased value to
shareholders.
N. Eric Fier, CPG,
P.Eng
President & CEO
SilverCrest Metals
Inc.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE SilverCrest Metals Inc.
