Nova Pacific Metals Establishes Strategic Advisory Board, Appointing Two Industry Veterans
Nova Pacific Metals (CSE: NVPC) (OTCQB: NVPCF) has announced the formation of a Strategic Advisory Board with the appointment of two industry veterans: Dr. Tom Setterfield, PhD, P.Geo., and Mr. Scott Young. Dr. Setterfield brings 44 years of international exploration experience, specializing in IOCG, epithermal Au, and VMS deposit types, with a PhD from Cambridge University. His expertise includes significant work on VMS deposits globally and successful ventures with companies like QGX and TerraX Minerals.
Mr. Scott Young contributes expertise in corporate development, fundraising, and strategic planning across various sectors. Additionally, the company has amended the exercise price of 7,410,000 share purchase warrants from $0.50 to $0.40 per common share, with expiration scheduled for May 31, 2025.
Nova Pacific Metals (CSE: NVPC) (OTCQB: NVPCF) ha annunciato la formazione di un Consiglio Consultivo Strategico con la nomina di due esperti del settore: Dr. Tom Setterfield, PhD, P.Geo., e Mr. Scott Young. Il Dr. Setterfield porta con sé 44 anni di esperienza nell'esplorazione internazionale, specializzandosi in depositi di IOCG, Au epithermale e VMS, con un PhD dell'Università di Cambridge. La sua esperienza include un lavoro significativo sui depositi VMS a livello globale e successi con aziende come QGX e TerraX Minerals.
Il Mr. Scott Young contribuisce con la sua esperienza nello sviluppo aziendale, nella raccolta fondi e nella pianificazione strategica in vari settori. Inoltre, l'azienda ha modificato il prezzo di esercizio di 7.410.000 garanzie di acquisto azioni, passando da $0,50 a $0,40 per azione comune, con scadenza prevista per il 31 maggio 2025.
Nova Pacific Metals (CSE: NVPC) (OTCQB: NVPCF) ha anunciado la formación de un Consejo Asesor Estratégico con el nombramiento de dos veteranos de la industria: Dr. Tom Setterfield, PhD, P.Geo., y Mr. Scott Young. El Dr. Setterfield aporta 44 años de experiencia en exploración internacional, especializándose en depósitos de IOCG, Au epithermal y VMS, con un PhD de la Universidad de Cambridge. Su experiencia incluye un trabajo significativo en depósitos VMS a nivel mundial y exitosas colaboraciones con empresas como QGX y TerraX Minerals.
El Sr. Scott Young contribuye con su experiencia en desarrollo corporativo, recaudación de fondos y planificación estratégica en diversos sectores. Además, la empresa ha modificado el precio de ejercicio de 7.410.000 garantías de compra de acciones, de $0.50 a $0.40 por acción ordinaria, con fecha de vencimiento programada para el 31 de mayo de 2025.
노바 퍼시픽 메탈스 (CSE: NVPC) (OTCQB: NVPCF)는 톰 세터필드 박사 (PhD, P.Geo.)와 스콧 영 씨를 임명하여 전략 자문 위원회를 구성했다고 발표했습니다. 세터필드 박사는 IOCG, 열수 금(Au), VMS 광상 유형을 전문으로 하여 44년의 국제 탐사 경험을 보유하고 있으며, 캠브리지 대학교에서 박사 학위를 받았습니다. 그의 전문 분야에는 전 세계적으로 VMS 광상에 대한 중요한 작업과 QGX 및 TerraX Minerals와 같은 회사와의 성공적인 사업이 포함됩니다.
스콧 영 씨는 다양한 분야에서 기업 개발, 자금 조달 및 전략 계획에 대한 전문 지식을 제공합니다. 또한 회사는 7,410,000개의 주식 구매 보증서의 행사 가격을 주당 $0.50에서 $0.40으로 수정했으며, 만료일은 2025년 5월 31일로 예정되어 있습니다.
Nova Pacific Metals (CSE: NVPC) (OTCQB: NVPCF) a annoncé la création d'un Conseil Consultatif Stratégique avec la nomination de deux vétérans de l'industrie : Dr. Tom Setterfield, PhD, P.Geo., et M. Scott Young. Dr. Setterfield apporte 44 années d'expérience en exploration internationale, se spécialisant dans les types de gisements IOCG, Au épithermal et VMS, avec un doctorat de l'Université de Cambridge. Son expertise inclut un travail significatif sur des gisements VMS à l'échelle mondiale et des réussites avec des entreprises comme QGX et TerraX Minerals.
M. Scott Young contribue avec une expertise en développement d'entreprise, en collecte de fonds et en planification stratégique dans divers secteurs. De plus, la société a modifié le prix d'exercice de 7.410.000 bons de souscription d'actions, le faisant passer de 0,50 $ à 0,40 $ par action ordinaire, avec une échéance prévue au 31 mai 2025.
Nova Pacific Metals (CSE: NVPC) (OTCQB: NVPCF) hat die Gründung eines Strategischen Beratungsgremiums bekannt gegeben, mit der Ernennung von zwei Branchenveteranen: Dr. Tom Setterfield, PhD, P.Geo., und Mr. Scott Young. Dr. Setterfield bringt 44 Jahre internationale Explorationserfahrung mit, spezialisiert auf IOCG-, epithermale Au- und VMS-Deposittypen, und hat einen Doktortitel von der University of Cambridge. Zu seiner Expertise zählt umfassende Arbeit an VMS-Deposits weltweit und erfolgreiche Unternehmungen mit Firmen wie QGX und TerraX Minerals.
Mr. Scott Young bringt Fachkenntnisse in Unternehmensentwicklung, Fundraising und strategischer Planung in verschiedenen Sektoren mit. Darüber hinaus hat das Unternehmen den Ausübungspreis von 7.410.000 Kaufwarrants von 0,50 $ auf 0,40 $ pro Stammaktie geändert, mit einer Fälligkeit, die für den 31. Mai 2025 geplant ist.
- Appointment of highly experienced advisory board members with relevant expertise
- Dr. Setterfield's extensive 44-year experience in VMS deposits and international exploration
- Mr. Young's global institutional financing network spanning multiple continents
- Warrant repricing from $0.50 to $0.40 indicates potential challenges in attracting warrant exercise at original price
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce the formation of a Strategic Advisory Board, marking a significant milestone in the Company's growth trajectory. In a move that underscores Nova Pacific's commitment to excellence, the Company has appointed Dr. Tom Setterfield, PhD, P.Geo., and Mr. Scott Young as the inaugural members of the board.
"I am very excited to join the Nova Pacific team," said Dr. Tom Setterfield. "The Lara project encompasses 9 strike km of volcanic stratigraphy equivalent to that which hosts the giant Myra Falls VMS camp. The project contains abundant historical data and has received little modern attention for its potential for precious metal-rich VMS deposits. It is poised for short term success in the immediate vicinity of the Lara deposit and medium to long term success over the length of the property."
Dr. Tom Setterfield, PhD, P.Geo.
Dr. Setterfield has 44 years of international exploration experience and is considered an expert in IOCG, epithermal Au and VMS deposit types. He holds a PhD from Cambridge University (England) and has undertaken assignments in many countries. As a consultant for QGX Ltd., he was the company's first representative to visit the Golden Hills (Bayan Airag) area in western Mongolia and was integral to the decision to acquire the property, leading to a discovery of a gold-rich VMS deposit that is presently being mined. Additionally, Dr. Setterfield worked for Western Mining Corporation in Australia, Fiji and Canada. He co-founded Monster Copper Corporation and served as VP of Exploration and director from its incorporation in 2002 to its takeover by Mega Uranium Ltd. in 2007. Tom also co-founded TerraX Minerals Inc. (now Gold Terra Resource Corp.) and served as VP of Exploration and director from 2008 to 2016. He is the former VP Exploration of Avidian Gold and now serves as an advisor to that company.
Dr. Setterfield has extensive experience in VMS deposits. His thesis was on the Maybrun VMS deposit in northwestern Ontario, and his MSc studies covered deposit-related synvolcanic faulting in the Noranda VMS camp. He has also been involved in VMS projects in the Chibougamau and Timmins camps in the Abitibi Belt, as well as in Sweden, Brazil, Mongolia, British Columbia and the Yilgarn province of Australia.
Mr. Scott Young
Mr. Young brings a wealth of experience in corporate development, fundraising, and strategic planning to Nova Pacific. His diverse background spans biotech, medtech, and natural resources, providing Nova Pacific with a multifaceted approach to growth.
Mr. Young's extensive institutional financing network, covering North and South America, Europe, and Asia, positions Nova Pacific to capitalize on global investment opportunities. His proven track record of delivering value over two decades aligns perfectly with Nova Pacific's ambitious growth plans.
Warrant Repricing
In addition, the Company announces that it has amended the exercise price of an aggregate of 7,410,000 share purchase warrants that are scheduled to expire on May 31, 2025, from
The Company is not planning to deliver replacement warrant certificates to the holders of the warrants, with the original certificates remaining valid until the expiry date described above.
Rights of Indigenous Communities Statement
Nova Pacific operates on the Traditional, Ancestral and Unceded Territory of the Stz'uminus and Hul'qumi'num Treaty Group, a politically-unified group that represents six Hul'qumi'num-speaking First Nations: Cowichan, Penelakut, Lyackson, Halalt, and Lake Cowichan.
The Company's entire team is committed to establishing lasting relationships with local communities by fostering inclusion and contributing to a shared prosperity.
About Nova Pacific
Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia. This brownfields development project boasts a significant historic resource rich in critical and precious metals situated in a prime location with excellent infrastructure. Nova Pacific's forward-looking strategy includes confirmation and infill drilling, completion of an updated mineral resource estimate (MRE) and preparation of a Pre-Feasibility Study if and as required. The Company is committed to creating value for its shareholders while maintaining environmental responsibility and strong community relationships.
For additional information please visit: www.novapacificmetals.com
On behalf of the Board of Directors
J. Malcolm Bell
Chief Executive Officer, Director
Investor inquiries, or for further information, please contact:
Nova Pacific Metals Corp.
info@novapacificmetals.com
+1-416-918-6785
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information including, without limitation, statements regarding the Company's exploration plans. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company's actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238159
FAQ
What is the new warrant exercise price for NVPCF and when do they expire?
Who are the new Strategic Advisory Board members for Nova Pacific Metals (NVPCF)?
What experience does Dr. Tom Setterfield bring to NVPCF's Advisory Board?
How many warrants were affected by NVPCF's warrant repricing announcement?
