Pacific Bay Announces New CFO
Pacific Bay Minerals (TSXV: PBM) has announced key organizational changes and provided an update on its Brazilian project. The company has appointed Philip Ellard, CPA as its new Chief Financial Officer, replacing Leanora Brett, who will continue as Corporate Secretary. Ellard, who holds a Bachelor of Commerce Honours from UBC, brings expertise in financial reporting, go-public processes, and regulatory support services.
The company also updated shareholders on its Pereira-Velho Gold Project acquisition in Alagoas, Brazil. The TSX Venture Exchange is currently reviewing the proposed 100% interest option acquisition announced on January 7th, 2025. Trading of company shares remains suspended pending the Exchange's satisfactory review of technical information, which will be disclosed prior to trading resumption.
Pacific Bay Minerals (TSXV: PBM) ha annunciato importanti cambiamenti organizzativi e fornito un aggiornamento sul suo progetto brasiliano. L'azienda ha nominato Philip Ellard, CPA come nuovo Chief Financial Officer, sostituendo Leanora Brett, che continuerà come Corporate Secretary. Ellard, che ha conseguito una laurea in Commercio con lode presso l'UBC, porta con sé esperienza nella rendicontazione finanziaria, nel processo di quotazione e nei servizi di supporto normativo.
L'azienda ha anche aggiornato gli azionisti riguardo all'acquisizione del Pereira-Velho Gold Project in Alagoas, Brasile. La TSX Venture Exchange sta attualmente esaminando l'acquisizione proposta dell'opzione di interesse al 100% annunciata il 7 gennaio 2025. Il trading delle azioni dell'azienda rimane sospeso in attesa di un esame soddisfacente delle informazioni tecniche da parte dell'Exchange, che saranno rese note prima della ripresa delle negoziazioni.
Pacific Bay Minerals (TSXV: PBM) ha anunciado cambios organizativos clave y ha proporcionado una actualización sobre su proyecto en Brasil. La empresa ha nombrado a Philip Ellard, CPA como su nuevo Director Financiero, reemplazando a Leanora Brett, quien continuará como Secretaria Corporativa. Ellard, que tiene una licenciatura en Comercio con honores de UBC, aporta experiencia en informes financieros, procesos de salida a bolsa y servicios de apoyo regulatorio.
La empresa también actualizó a los accionistas sobre la adquisición del Pereira-Velho Gold Project en Alagoas, Brasil. La TSX Venture Exchange está revisando actualmente la propuesta de adquisición de una opción de interés del 100% anunciada el 7 de enero de 2025. Las acciones de la empresa permanecen suspendidas a la espera de una revisión satisfactoria de la información técnica por parte de la Bolsa, que se dará a conocer antes de que se reanuden las operaciones.
퍼시픽 베이 미네랄스 (TSXV: PBM)는 주요 조직 변경을 발표하고 브라질 프로젝트에 대한 업데이트를 제공했습니다. 이 회사는 필립 엘라드, CPA를 새로운 최고 재무 책임자로 임명했으며, 리노라 브렛은 계속해서 법인 비서 역할을 수행합니다. 엘라드는 UBC에서 상경학 우등 학위를 취득하였으며, 재무 보고, 상장 과정 및 규제 지원 서비스에 대한 전문 지식을 가지고 있습니다.
회사는 또한 브라질 알라고아스에 있는 페레이라-벨호 금 프로젝트의 인수에 대해 주주들에게 업데이트를 제공했습니다. TSX 벤처 거래소는 2025년 1월 7일에 발표된 100% 지분 옵션 인수 제안을 현재 검토하고 있습니다. 회사 주식의 거래는 거래소가 기술 정보를 만족스럽게 검토할 때까지 중단 상태를 유지하며, 거래 재개 전에 정보가 공개될 것입니다.
Pacific Bay Minerals (TSXV: PBM) a annoncé des changements organisationnels clés et a fourni une mise à jour sur son projet brésilien. L'entreprise a nommé Philip Ellard, CPA comme nouveau directeur financier, remplaçant Leanora Brett, qui continuera en tant que secrétaire de la société. Ellard, qui détient un baccalauréat avec mention en commerce de l'UBC, apporte une expertise en reporting financier, en processus de mise en bourse et en services de soutien réglementaire.
L'entreprise a également mis à jour les actionnaires concernant l'acquisition du Pereira-Velho Gold Project en Alagoas, au Brésil. La TSX Venture Exchange examine actuellement l'acquisition proposée d'une option de participation de 100% annoncée le 7 janvier 2025. Le trading des actions de l'entreprise reste suspendu dans l'attente d'un examen satisfaisant des informations techniques par l'échange, qui seront divulguées avant la reprise des négociations.
Pacific Bay Minerals (TSXV: PBM) hat bedeutende organisatorische Änderungen bekannt gegeben und ein Update zu seinem brasilianischen Projekt bereitgestellt. Das Unternehmen hat Philip Ellard, CPA zum neuen Finanzvorstand ernannt, der Leanora Brett ersetzt, die weiterhin als Unternehmenssekretärin tätig sein wird. Ellard hat einen Bachelor of Commerce mit Auszeichnung von der UBC und verfügt über Fachkenntnisse in der Finanzberichterstattung, im Börsengang und in der regulatorischen Unterstützung.
Das Unternehmen hat auch die Aktionäre über den Erwerb des Pereira-Velho Goldprojekts in Alagoas, Brasilien, informiert. Die TSX Venture Exchange überprüft derzeit den vorgeschlagenen Erwerb einer 100%igen Beteiligungsoption, der am 7. Januar 2025 angekündigt wurde. Der Handel mit den Aktien des Unternehmens bleibt ausgesetzt, bis die Börse die technischen Informationen zufriedenstellend geprüft hat, die vor der Handelsaufnahme offengelegt werden.
- Appointment of experienced CPA as new CFO with public company expertise
- Potential acquisition of 100% interest in Brazilian gold project amid rising gold prices
- Trading of company shares currently suspended pending TSX Venture Exchange review
- Uncertainty around timing of trading resumption and project acquisition approval
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2025) - Reagan Glazier, President and CEO of Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports the appointment of a new Chief Financial Officer. Longtime CFO Leanora Brett has stepped down and is replaced by Philip Ellard, CPA. Ms. Brett remains Corporate Secretary of the Company.
Philip Ellard is a designated CPA with a Bachelor of Commerce Honours from the University of British Columbia. His expertise includes providing financial reporting, go-public, taxation and regulatory support services. Philip is also CFO of public issuers Neotech Metals Corp, MiMedia Holdings and Newpath Resources Inc.
"Lea Brett's service and dedication to Pacific Bay is greatly appreciated and I look forward to working with her as Corporate Secretary," said Reagan Glazier, President & CEO of Pacific Bay. "Philip Ellard is a skilled and talented accounting professional who will help the Company execute its aggressive growth strategy."
Brazil Update
The TSX Venture Exchange continues its review of the Company's proposed acquisition of an option to acquire a
"With gold prices climbing, it's a good time to be acquiring quality projects," said Reagan Glazier, President & CEO of Pacific Bay. "Our team is working hard to expedite the Pereira-Velho Gold transaction and is excited about the prospect of exploring a project we all believe in strongly."
Pacific Bay Minerals Ltd. Per/
Reagan Glazier, President & CEO
Contact: Reagan Glazier, 403-815-6663, reagan@pacificbayminerals.com
This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the timing for payment of the option payments, timing regarding any future financings of the Company and timing for completion of future expenditures and plans relating to exploration of the Property, the magnitude and quality of the Property and spending commitments. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition, results of exploration activities and development of the Atlin Goldfields Property, risks associated with the Agreement, including that the Agreement may be terminated or the option not exercised, risks relating to regulatory approvals, and the ability of the Company to complete a private placement financing. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements 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 statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240325
FAQ
When did Pacific Bay Minerals (TSXV: PBM) appoint its new CFO Philip Ellard?
What is the status of Pacific Bay's Pereira-Velho Gold Project acquisition?
Where is Pacific Bay's new Pereira-Velho Gold Project located?
When was the Pereira-Velho Gold Project acquisition initially announced by Pacific Bay?
What other roles does Pacific Bay's new CFO Philip Ellard currently hold?
