– CANADA, Cooks Brook – ScoZinc Mining Ltd. (TSX: SZM) today announced the appointment of Mark Haywood, President & CEO, to the Board of Directors, effective immediately.
Chairman of the Board, Victor Lazarovici stated “we are very pleased to welcome Mr. Mark Haywood, our new President & CEO, to the Board of Directors, effective immediately. Mark has over 25 years experience in the Mining Industry including 15 years at mining operations and has been a key director of a number of public and private Canadian companies over the past 10 years. With dual degrees in Mining Engineering and Law, Mark has strong corporate leadership and governance skills that are highly valued at the Board level of a publicly listed mining & development company. Mark is also a member of the Institute of Corporate Directors.”
He added “Mr. Louis Montpellier has resigned as a director of ScoZinc, effective immediately. Louis has been a valued member of the Board of Directors and Chair of the Corporate Governance, Compensation and Nomination Committee, and we thank him very much for this service to the Company over the years.”
The company also announced that it has closed the second and final tranche of a non-brokered private placement of units of the Company at a price of C$0.40 per Unit, for the gross proceeds of C$1,300,000,.
The President and CEO, Mr. Mark Haywood, stated that “We are very pleased with the interest in our Private Placement which was over-subscribed by the maximum allowable amount of C$300,000. The level of interest exceeded our expectations of a C$1,000,000 financing, which clearly indicates very strong support of the Company’s new initiatives and development plans for its 100% owned mine in Nova Scotia.”
About ScoZinc Mining Ltd.
ScoZinc is an established Canadian exploration and development company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. ScoZinc also holds several prospective exploration licenses nearby its Scotia Mine and in surrounding regions of Nova Scotia. The Scotia Mine is currently on care and maintenance, however, the Company intends to restart operations as soon as possible.
For more information: https://scozinc.com
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