An anonymous director reports
ADVENTUS ANNOUNCES MANAGEMENT ADDITION AND GRANT OF RESTRICTED SHARE UNITS AND STOCK OPTIONS
Adventus Mining Corp. has appointed Olivia Gamache as director of environmental management and community development.
Ms. Gamache is a professional engineer with over 15 years of international experience specialized in integrating areas of environmental engineering and management, permitting strategy, community relations, and corporate social responsibility on mining projects in the Americas and globally. The majority of Ms. Gamache's experience was with Hatch Ltd.'s water management and environmental services groups in progressive roles on international consulting assignments for both greenfield and expansion projects. Most recently, Ms. Gamache was environment and sustainability manager for Yamana Gold Inc., responsible for the execution of environmental-related and sustainability-related initiatives at mining operations and projects in Canada and South America. Ms. Gamache holds a bachelor of applied science degree and a master of applied science degree in chemical and environmental engineering from the University of Toronto.
Working closely with Adventus's management and project teams, as well as local stakeholders in Ecuador, Ms. Gamache will lead all environmental management and community development activities for Adventus. As Adventus continues significant exploration and engineering work in advancing the Curipamba, Pijili and Santiago projects in Ecuador, the company will continue to appropriately build its management and technical team.
Grant of restricted share units and stock options
Adventus also announces award of an aggregate of 455,000 restricted share units (RSU) under the company's share compensation plan to directors, officers, employees and consultants of the company. Each RSU represents a right to receive one common share of the company, following the vesting of such RSUs over a two-year period.
Adventus has also granted an aggregate of 900,000 stock options under the company's share compensation plan to directors, officers, employees and consultants of the company, with an exercise price of $1.06 per stock option, exercisable for a period of five years from the date of grant and vesting over three years.
About Adventus Mining Corp.
Adventus is a well-financed exploration and project development company, focused in Ecuador. Its strategic shareholders include Altius Minerals Corp., Greenstone Resources LP, Resource Capital Funds, Wheaton Precious Metals Corp. and the Nobis Group of Ecuador. Adventus is leading the exploration and engineering advancement of the Curipamba copper-gold-zinc project in Ecuador as part of an earn-in agreement to obtain a 75-per-cent ownership interest. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago projects to date.
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