Business
Euro Sun Mining Appoints Peter Vukanovich Non-Executive Chair and Provides Rovina Valley Project Update
TORONTO, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that the board of directors has
About this update from Euro Sun Mining Inc.
[{"type":"text","content":" TORONTO, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that the board of directors has elected Mr. Peter Vukanovich as non-executive chair of Euro Sun Mining. Mr. Vukanovich is an entrepreneurial leader and experienced corporate board member. He joined the ESM board of directors in July 2020. He currently leads PMV Consulting Inc., a company which provides advisory services to financial services and real estate technology clients. He is also on the Board of TSX listed Real Matters Inc. Mr. Vukanovich has held senior executive roles during his career including Genworth Financial Canada/GE Capital Mortgage Insurance, CFF Bank and Teranet Inc. He is a Chartered Professional Accountant, holds a Bachelor of Commerce degree from the University of Toronto and has been a member of numerous not-for-profit boards and advisory committees. G. Scott Moore, President and CEO stated, “We are pleased to have Peter become our independent chairman. His appointment further highlights the Company’s approach to continuous improvement in corporate governance.” Project Update The company and its key engineering consultants continue to make progress towards completion of the definitive feasibility study (“DFS”) for the Rovina Valley Project as well as ongoing submittals to support our required permitting path for construction. During this quarter, the Covid-19 global pandemic has made it more difficult to finalize the DFS. The Company now expects completion of the definitive feasibility study during Q1 2021. Euro Sun continues to progress all permitting for the project in a timely manner and in conjunction with all Romanian laws. G. Scott Moore, President and CEO also stated, “During this global pandemic our team at Rovina has been challenged with the ever-evolving restrictions in Romania and elsewhere in the world and its impact on our progress at Rovina. They have done an outstanding job to keep all aspects of the project advancing and we endeavour to continue our efforts towards a successful outcome. While the gold price has performed well since our PEA of 2019, we would like to highlight that copper prices are trending higher and should have a positive impact on the DFS given the large size and highly recoverable nature of copper in the Colnic and Rovina deposits....