TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- QMX Gold Corporation (“QMX” or the “Company”) (TSX.V: QMX) is pleased to welcome the Honourable Sergio Marchi to the Board of Directors.
Mr. Marchi has held a number of positions in both the private and public sectors, most recently as President and Chief Executive Officer of the Canadian Electricity Association. Mr. Marchi’s distinguished public service career includes his roles as Canadian Ambassador to the World Trade Organization in Geneva, UN Global Commissioner, Canadian Federal Cabinet Minister (International Trade, Environment and Citizenship and Immigration), Member of Parliament and Toronto City Councillor.
“I am very pleased to join the Board of QMX Gold Corporation,” said Mr. Marchi, “and I look forward to working closely with my fellow board members and management colleagues, to bring additional value to a vibrant resource company.”
Mr. Marchi will replace Stéphane Amireault who has elected to step down in order to pursue other opportunities. We would like to thank Mr. Amireault for his valuable contribution and guidance as QMX successfully repositioned itself to focus on exploration and custom milling activities. We wish him all the best in his future endeavors.
Brad Humphrey, President and CEO, commented, “We are delighted to welcome Sergio to the Board. We look forward to his input and leadership as QMX executes the next stage of its growth and transformation. 2019 is an important year for QMX with two critical milestones, the initial resource estimate for the Bonnefond Target and the restart of the Aurbel Mill for custom milling. We wish Stéphane all the best in his future endeavors and want to thank him for his considerable contributions as QMX refocused its activities on exploration and custom milling.”
QMX has granted a total of 250,000 stock options to pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.075 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.
About QMX Gold Corporation
QMX Gold Corporation is a Canadian based resource company traded on the TSX-V under the symbol “QMX”. The Company is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond plug and in and around the Bevcon Intrusive. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility, which is expected to commence custom milling in 2019.
|Brad Humphrey||Louis Baribeau|
|President and CEO||Public Relations|
|Tel: (416) 861-5887||Tel: (514) 667-2304|
This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the future plans, operations and activities, receipt of required permits, obtaining necessary financing, and the ability of the Company to continue as a going concern. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company’s profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.