Business
Velocity Announces Appointment of Michelle Roth as an Independent Director
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - Velocity Minerals Ltd. (TSXV: V...
About this update from Velocity Minerals Ltd.
[{"type":"text","content":"Velocity Announces Appointment of Michelle Roth as an Independent DirectorVancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - Velocity Minerals Ltd. (TSXV: VLC) (\"Velocity\" or the \"Company\") announces the appointment of Michelle Roth to its Board of Directors (the \"Board\") as an independent director. Michelle RothMs. Roth is an entrepreneur and business leader who founded Roth Investor Relations in 1987. She successfully expanded this global consulting business through multiple investment cycles by formulating comprehensive shareholder engagement solutions for a global client base. Mining clients ranged from producers to developers and explorers with assets in North America, Australia, Africa, Europe and South America. Commodities included gold, silver, platinum, copper, diamond, nickel, and ferrochrome. Ms. Roth earned an MBA in Finance from Fordham University and a BA (Hons) in Political Science from the University at Albany. She will Chair Velocity's Audit Committee as well as serving on the Compensation Committee and the Governance and Nominating Committee. Ms. Roth currently serves as Chairperson of Maple Gold Mines (TSXV: MGM) and Interim Non-Executive Chair of Ardiden Limited (ASX: ADV). She also acts as a strategic advisor to Brooks & Nelson, LLC. Previously, she was a strategic advisor to Nova Royalty Corporation (TSXV: NOVR), as well as to a privately held cell tower infrastructure/ IT managed services company and a cybersecurity solutions provider, where she advised both on growth opportunities. In the public sector, Ms. Roth served as Mayor, Deputy Mayor and Planning Board Chairperson of Manalapan Township, New Jersey. She has also held appointed positions on other governmental boards. During her service, she gained experience with budgeting, succession planning, union negotiations, public/private partnerships and the setting and implementing of land use policy. Incentive Stock OptionsThe Company announces that it has granted 300,000 common share stock options (each, an \"Option\") to Ms. Roth. The Options entitle Ms. Roth to purchase shares at a price of $0.13 per share (which price is the 5-day market VWAP) for a period of 5 years from the issue date. Options will vest over 3 years, beginning 6 months from the date of issue and vesting in equal tranches bi-annually thereafter. Including this...