Denis Amoroso joins Geomega as Strategic Advisor
MONTRÉAL, QUÉBEC--(Marketwired - Nov. 15, 2017) - Geomega Resources Inc. ("GéoMégA" or the "Corporation") (TSX VENTURE:GMA) is pleased to announce that Denis Amoroso has joined the Corporation as a Strategic advisor to the management and the board of directors.
Mr. Amoroso has been in the brokerage business and the financial markets for thirty-seven years, including 25 years as Senior Advisor at Canaccord Genuity. He was Canadian member of the Chairman's Club and member of the president's Club nine times. Mr. Amoroso was instrumental in the Quebec junior exploration sector where he helped raise more than $100 million over the last 30 years with many of the companies becoming producers or acquired by major companies.
"Geomega is entering an exciting period after over 3 years in research and development. Having a person of the caliber of Mr. Amoroso is a significant asset to our company without a doubt. His knowledge of the financial markets will be important as we move towards the development of our first industrial unit with a regular supply of industrial residues from several sources. As we move towards our next milestones, the 99% purity for Neodymium (Nd) and Dysprosium (Dy) and subsequent validation by end users, we are strengthening our team and gaining the needed experience to help us in structuring future financings and maintain a robust share structure which we have been able to do until now." commented Kiril Mugerman, President and CEO of GéoMégA.
Mr. Amoroso was granted 500,000 stock options at a price of $0.085 per share for a period of five years in accordance with the terms of the stock option plan of the Company.
About GéoMégA (www.geomega.ca)
GéoMégA is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Québec. GéoMégA is committed to meeting the Canadian mining industry standards and distinguishing itself with innovative engineering, stakeholders' engagement and dedication to local transformation benefits.
78,258,049 common shares of GéoMégA are currently issued and outstanding.
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This news release contains statements that may constitute "forward-looking information" or "forwardlooking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of the Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits the Corporation will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's annual management's discussion and analysis for the fiscal year ended May 31, 2017, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
President and CEO