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Belo Sun Shareholders Approve New Board and Governance Structure to Lead Strategic Transformation
TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“ Belo Sun &...
About this update from Belo Sun Mining Corp.
[{"type":"text","content":"Belo Sun Shareholders Approve New Board and Governance Structure to Lead Strategic Transformation\n\n\n\n TORONTO, June 23, 2025 (GLOBE NEWSWIRE) --\n \n\n\n Belo Sun Mining Corp.\n \n (“\n \n Belo Sun\n \n ” or “\n \n Company\n \n ”) (TSX: BSX, OTCQX: BSXGF) is pleased to announce that its shareholders approved a major renewal of the Company’s governance structure during today’s Annual General Meeting (“\n \n AGM\n \n ”). Belo Sun has also appointed a Brazil-based President to lead the Company’s operations in the country. This transformation heralds a new chapter aimed at strategic discipline, in-country leadership, and focused execution as the Company seeks to advance its flagship Volta Grande Gold Project in Pará State, Brazil.\n \n\n\n Comprehensive Board Renewal\n \n\n\n Four new directors were elected to the Board, each bringing with them deep and complementary expertise in mine development, the Brazilian permitting process, capital markets, and Brazilian operations. Today, four out of six directors are either Brazilian or have worked extensively in Brazil during their careers. This new Board composition reflects the Company’s sharpened focus on delivering long-term value and responsible project execution in Brazil:\n \n\n\n\n Clovis Torres\n \n , a highly respected Brazilian mining executive and legal professional, was elected as a director and appointed Chairman of the Board. He also assumes the role of interim Chief Executive Officer, replacing Ayesha Hira from July 4, 2025. This leadership consolidation is aimed at simplifying governance, reducing costs, and improving decision-making.\n \n\n Mr. Torres brings over 30 years of high-level leadership and governance experience from Brazil’s leading companies. Mr. Torres is a partner and co-founder of Mello Torres – a leading Brazilian law firm specializing in mining and environmental law, M&A, crisis management, and debt restructuring. He was previously the General Counsel of Vale, Chairman of BR Distribuidora, a Director of Petrobras, and Director, President and CEO of Furnas Centrais Electricas – a wind farm and hydrogen power plant operator. Mr. Torres holds an LLM in international law, trade and finance from Tulane Law School, and a JD from Universidade Cat...