00:03:23 EDT Thu 01 Oct 2020
Norsemont Mining Inc
Symbol NOM
Shares Issued 15,213,496
Close 2020-07-28 C$ 2.27
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Norsemont Mining appoints Koutsouras as director

2020-07-28 16:45 ET - News Release

Mr. Allan Larmour reports

NORSEMONT ANNOUNCES APPOINTMENT OF BILL KOUTSOURAS TO BOARD OF DIRECTORS

Norsemont Mining Inc. has appointed Bill Koutsouras to the board of directors.

Mr. Koutsouras has been the principal of Kouts Capital since 2011, an independent investment company and consulting firm providing corporate-finance-related assistance to various public and private companies, including: strategic advice; introduction to capital providers; and transaction structuring and implementation. Previously, Mr. Koutsouras spent 10 years as the executive vice-president, chief financial officer and a director of Endeavour Financial Corp., a mining-focused merchant bank. His responsibilities included: financial advisory mandates; investment-related services; and the financial management and operation of the Endeavour group of companies, where he was involved in over $25-billion of M&A (mergers and acquisitions) transactions and in raising in excess of $4-billion of financing for junior/mid-tier resource companies. He was also one of the original executives involved in the creation of Endeavour Mining, a gold producer in West Africa. Mr. Koutsouras has extensive experience as a non-executive director of public and private companies. He is currently chairman of Wheaton Precious Metals International, a subsidiary of Wheaton Precious Metals Corp., chairman of Aton Resources, lead director at Galaxy Digital Holdings and a director of Endeavour Financial. Mr. Koutsouras is a chartered professional accountant and a chartered financial analyst, and is a member of the Chartered Professional Accountants of Canada and the CFA Institute.

"Bill Koutsouras is a dynamic leader and entrepreneur with extensive mining industry experience and in-depth knowledge of the capital markets," commented Al Larmour, chief executive officer of Norsemont. "His exceptional track record of financing and transforming mining companies will be very valuable to the company as it continues to grow and develop. We are very pleased to welcome Bill to the board and look forward to working with him."

In connection with Mr. Koutsouras's appointment, the company has granted 250,000 options to Mr. Koutsouras, pursuant to the company's stock option plan. The options are exercisable at $1.94 per share for a period of five years and will vest in eight equal tranches.

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