Business
NextSource Materials Announces Board Changes
TORONTO, ON / ACCESSWIRE / January 23, 2020 / NextSource Materials Inc. (TSX:NEXT) (OTCQ...
About this update from Nextsource Materials Inc
[{"type":"text","content":"NextSource Materials Announces Board ChangesTORONTO, ON / ACCESSWIRE / January 23, 2020 / NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) (\"NextSource\" or \"the Company\") announces board of director changes to the Company as it prepares for the transition from a mining development company to a future producing entity.Following the voting results of the shareholders in respect of the election of Directors at its Annual and Special Meeting of Shareholders held in Toronto on December 2, 2019, in accordance with the policies of the TSX and the Company's majority voting policy, Mr. John Sanderson and Mr. Dalton Larson each submitted an offer to resign from the Board. After careful consideration, the Board has accepted their respective resignations.Craig Scherba, President and CEO of NextSource stated, \"Both Mr. Sanderson and Mr. Larson established an ethos of strong corporate governance at NextSource which served and will continue to serve the Company well in its transformation from a development company to a future producer. It has been both an honour and a pleasure having John and Dalton on our Board, and we would like to thank them for the innumerable contributions they both have made to the Company over their tenure. I speak for everyone at NextSource in wishing John and Dalton the very best.\"The Company is pleased to announce that it has appointed current director Mr. Dean Comand as Chairman of the Board, and would like to welcome newly appointed members, Mr. Chris Kruba and Dr. David McNeely, to the Board of Directors. All will serve as independent, non-executive directors. The Board has determined that it will not immediately fill the vacancies created by the resignation of Mr. Sanderson and Mr. Larson but will consider future candidates at the appropriate time to best serve the needs of the Corporation.NextSource is now at the stage of raising the mine capital and once secured, will be able to immediately begin mine construction. The appointment of Mr. Comand to the Chairman of the Board position, and election of Mr. Kruba and Mr. McNeely to the board of directors strengthens the Company by bringing extensive expertise in mine engineering, mine operations, manufacturing, M&A and social responsibility and governance.ABOUT NEXTSOURCE MATERIALS INC.NextSource Materials Inc. is a mine development company based in Toro...