00:09:52 EDT Sun 05 May 2024
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Sun Summit Minerals Corp
Symbol SMN
Shares Issued 77,490,213
Close 2023-05-17 C$ 0.10
Market Cap C$ 7,749,021
Recent Sedar Documents

Sun Summit appoints Lock as executive chairman

2023-05-17 12:28 ET - News Release

Ms. Sharyn Alexander reports

SUN SUMMIT APPOINTS BRIAN LOCK AS EXECUTIVE CHAIRMAN

Sun Summit Minerals Corp. has appointed Brian Lock as executive chairman. Mr. Lock brings over 40 years of experience in the mining industry, including engineering, construction and operations in his roles as chief electrical engineer of a German mining company, two Canadian consulting firms, and as president and owner of Proton Engineering and Construction, responsible for the development of numerous precious and base metal mines in many parts of the world.

Mr. Lock has also held several positions as a director, executive vice-president, president and chief executive officer of several public mining companies, including Frontier Pacific Mining Corp., Castle Peak Mining Ltd. and Scorpio Gold Corp. He has been a director of Sun Summit for over 12 years, and is a member of the audit committee and chairman of the corporate governance committee of the board of directors. For his services, Mr. Lock will be paid a monthly fee of $5,000 and an annual bonus as determined by the board.

"We are very pleased to welcome Brian to the role of executive chairman," stated Sharyn Alexander, Sun Summit's president. "Brian provides the company with significant leadership experience in the mining sector, and will work closely with our team to deliver shareholder value and put Sun Summit on track for future growth. We look forward to working with Brian in his expanded role."

Additional finder fee paid to Haywood for private placement

Sun Summit also announces that, in connection with its private placement that closed on May 10, 2023, it has paid Haywood Securities Inc. a finder's fee of $770 and 7,000 finder warrants (each exercisable for two years at a price of 16.5 cents) for the sale of 100,000 NFT (non-flow-through) units for which Haywood overlooked claiming its fee. See the company's news release dated May 11, 2023, for further details.

About Sun Summit Minerals Corp.

Sun Summit Minerals is a mineral exploration company focused on expanding its gold, silver and zinc discovery at its flagship Buck project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development, and building respectful and beneficial relationships with indigenous and local communities.

We seek Safe Harbor.

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