08:58:21 EDT Thu 25 Apr 2024
Enter Symbol
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USA
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Norsemont Mining Inc
Symbol NOM
Shares Issued 15,213,496
Close 2020-06-17 C$ 1.70
Market Cap C$ 25,862,943
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Norsemont Mining appoints Laing to advisory board

2020-06-18 12:30 ET - News Release

Mr. Allan Larmour reports

NORSEMONT ANNOUNCES THE APPOINTMENT OF VETERAN MINING EXECUTIVE DAVID LAING TO ITS ADVISORY BOARD

Norsemont Mining Inc. has launched its newly established strategic committee of trusted advisers. The advisory board will provide technical and strategic counsel to Norsemont's board and management team and will include distinguished mining industry leaders whose focus will be to provide advice to help shape and guide the strategy of the exploration and mining priorities of Norsemont.

The new advisory board will be chaired by David Laing, a mining engineer with 40 years of experience in the industry. Of particular relevance, Mr. Laing was mine and plant superintendent with SCM Vilacollo, which was the joint venture vehicle that Shell and partners used to put the Choquelimpie gold-silver project into production and made it the third-largest gold producer in Chile at that time. His direct experience with the Choquelimpie project, along with his broad expertise, will be a real competitive advantage to Norsemont as it tackles this exciting project.

Mr. Laing is an independent mining executive. Mr. Laing was formerly the chief operating officer of Equinox Gold, with gold projects in Brazil and California, COO of True Gold Mining which developed a gold heap leaching operation in Burkina Faso, and COO and executive vice-president of Quintana Resources Capital, a base metals streaming company. He was also one of the original executives of Endeavour Mining, a gold producer in West Africa. He is currently a director of Fortuna Silver Mines. He has advised over $25-billion worth of mergers and acquisitions and investments in resource projects over his career.

Prior to these recent roles, Mr. Laing held senior positions in mining investment banking and debt advisory at Endeavour Financial, Standard Bank in New York, technical consulting at MRDI in California, the Refugio Project at Bema Gold Corp. and various roles at Billiton with operations in Peru, South Africa and northern Chile.

Allan Larmour, chief executive officer, stated: "We are extremely honored to welcome someone of David Laing's calibre to our advisory board. His engineering and corporate finance experience will be invaluable. His previous experience of putting the Choquelimpie gold-silver project in Chile into production will be a great asset to the team. Choquelimpie was the one of largest gold producers in Chile during that time."

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