Business
Crest Resources Announces the Following Corporate Update, Property Acquisition and Financing
Highlights Additions to Management and Board Creation of an Advisory Board Acquisition of Leigh Creek Magnesite Project Announcement of Financing Setting of Sto
About this update from Mineral Road Discovery Inc.
[{"type":"text","content":"Highlights Additions to Management and Board Creation of an Advisory Board Acquisition of Leigh Creek Magnesite Project Announcement of Financing Setting of Stock Options Vancouver, B.C. – TheNewswire - June 2, 2022 - Crest Resources Inc. (CSE:CRES) (the “Company”) is pleased to announce the following changes to its management team and board of directors, as well as the formation of an Advisory Board. Jason Cubitt, currently a non-executive board member, has been engaged to replace Emma Fairhurst as CEO. Mr. Cubitt adds considerable expertise to the executive team having worked as Director of Investments for an offshore natural resources fund as well as his recent experience successfully leading the dual-listing of Solis Minerals on the Australian Securities Exchange (“ASX”). Jason Cubitt commented: “Emma Fairhurst stepped into this role at a time of transition for Crest and has guided the company to a solid base with a clear direction towards decarbonization investments and opportunities. Further, she has been instrumental in recruiting the very talented people mentioned in this release. Emma will stay with the Company in the role of Executive Chairperson and I look forward to working with her in this capacity.” James Channo, currently a partner at The Ince Group in London, England, has agreed to join the board of directors effective immediately. Mr. Channo has 20 years’ experience advising mid and large cap companies on initial public offerings, private placements and mergers and acquisitions. He has advised LSE, ASX and TSX companies with a market capitalisation ranging between $200 million and $1 billion in connection with their institutional and retail capital raisings and acquisitions in a number of sectors including mining, fintech, energy, retail and financial services. He is consistently recognised as a leading lawyer for Corporate and M&A in Chambers UK and in The Legal 500 UK. The Board has also nominated Jon Gill to be appointed as a Director at Crest’s upcoming Annual General Meeting. Jon is a founding shareholder and Director for 14-years with Cymat Technologies (CYM/TSX) a strategic material vendor in the EV sector. He is past President and Chairman of the Toronto Investment Dealers Association, former Operating Partner for merchant bank HSD Capital, and more recentl...