Business
Velocity Minerals Appoints Steven Dean as Director
VANCOUVER, British Columbia, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that Steven Dean has b
About this update from Velocity Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that Steven Dean has been appointed to the board of directors, effective immediately. “On behalf of Velocity, I would like to welcome Steven Dean to the board. We look forward to working with Steven, who is a nominee director of our largest shareholder, Artemis Gold,” stated Keith Henderson, Velocity’s President & CEO. “Steven’s experience in the mining sector will be valuable to us as we advance our portfolio of gold exploration and development assets in Bulgaria.” Mr. Dean is currently the Chairman and CEO of Artemis Gold Inc. (“Artemis”), a well-financed, growth-oriented gold development company aimed at creating shareholder value through the identification, acquisition and development of gold properties in mining-friendly jurisdictions. Mr. Dean has extensive experience internationally in mining, including as President of Teck Cominco Limited, now Teck Resources Ltd. (“Teck”). Prior to joining Teck, Mr. Dean was a founding member of management of the Normandy Poseidon Group, which became Normandy Mining, and a co-founder of PacMin Mining Corporation that became a subsidiary of Teck in 1999. He was also a co-founder and former Chairman of Amerigo Resources Ltd. More recently, Mr. Dean was Chairman, CEO and founder of Atlantic Gold Corporation (“Atlantic Gold”), a TSX Venture Exchange listed company focused on gold exploration, development and production in Nova Scotia. Atlantic Gold was sold to St. Barbara Limited in 2019 for $802 million after building its Moose River Consolidated Mine on time, on budget and operating at the lowest decile cost profile in the gold sector. Based on Atlantic’s success, Mr. Dean was named as a recipient of the Viola R. MacMillan Award from the Prospectors and Developers Association of Canada (PDAC), which award is given to individuals demonstrating leadership in management and financing for the exploration and development of mineral resources. Mr. Dean is also the former Chairman and a current director of Sierra Metals Inc. (TSX: SMT), Chairman of Oceanic Iron Ore Corp. (TSX-V: FEO), and a director of St Barbara Limited (ASX: SBM). Pursuant to a strategic investment agreement between Velocity, Artemis and Atlantic Gold dated January 16, 2019, as ame...