VANCOUVER,
BC, Oct. 23, 2024 /CNW/ - GR Silver Mining
Ltd. ("GR Silver Mining" or the "Company") (TSXV:
GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – The Company announces
the retirement of Blaine Bailey from
the role of Chief Financial Officer ("CFO") effective immediately.
Mr. Bailey was appointed the CFO of GR Silver's private predecessor
Goldplay Exploration Ltd. ("Goldplay") on November 8, 2012, and continued as CFO as
Goldplay became public in March 2018.
Goldplay was renamed GR Silver Mining in January 2020. After briefly retiring from GR
Silver Mining as CFO in May 2023, he
returned to the role in July 2023 to
help steer the Company through challenging markets. We are deeply
grateful for his contributions as CFO over the years and are very
pleased that he will stay on as Corporate Secretary. Mr. Bailey, a
CPA, CGA, was instrumental in the advancement of the Company,
applying more than 20 years of experience as a CFO for mineral
exploration companies listed on the TSX, the TSX Venture, and the
New York Stock Exchange.
We are very pleased to announce the appointment
of Mr. Robert Payment to the GR
Silver Mining management team as CFO effective immediately. Mr.
Payment is an experienced Chartered Professional Accountant (CPA,
CA) with strong skills in fostering international business
relationships; running all aspects of full cycle financial
reporting, including working with the TSX, CSE, and BC Securities
Commission; and working with multiple accounting frameworks and
complex accounting issues including multi-currency consolidations
in IFRS. For the last ten years, he has supplied financial
reporting and advisory services to multiple companies in the
natural resource, technology, and retail sectors, including cash
flow modeling and budgeting, preparing business plans, and
facilitation of private placements and reverse takeovers. Prior to
that he was a manager/staff accountant with a major, Vancouver-based accounting firm. He received
his Chartered Accountant Designation in 2009 and earned a Bachelor
of Business Administration from Simon Fraser
University in Burnaby, British
Columbia in 2007.
Chair & CEO Eric
Zaunscherb commented, "We are very pleased to welcome Robert
and look forward to his contributions as we reinvigorate GR Silver
Mining's active exploration of the highly prospective Plomosas
Project in Mexico. We cannot thank
Blaine enough for his many contributions to the Company, getting us
to this point, and his willingness to stay on as Corporate
Secretary to ensure a smooth transition."
Pursuant to the Company's Omnibus Equity
Incentive Plan, the Company has granted incentive stock options to
purchase up to 300,000 common shares (the "Options") to an
officer of the Company on joining management. Subject to the
provisions of the Company's Omnibus Equity Incentive Plan, the
Options will vest one-third on grant, one-third on the first
anniversary of the grant, and one-third on the second anniversary
of the grant. The Options are exercisable at $0.28 per share for a period of five years from
the date of grant and are subject to the policies of the TSX
Venture Exchange.
About GR Silver Mining Ltd.
GR Silver Mining is a
Canadian-based, Mexico-focused
junior mineral exploration company engaged in cost effective
silver-gold resource expansion on its 100%-owned assets, located on
the eastern edge of the Rosario Mining District, in the southeast
of Sinaloa State, Mexico. GR
Silver Mining controls 100% of the Plomosas Project, including the
former Plomosas underground mine and wide, high-grade silver
mineralized zones at the San Marcial Area. Recent discoveries in
the 78 km2 of highly prospective advanced stage
exploration concessions, position the Company well in the pursuit
for resource expansion at the Plomosas Project.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair &
CEO
Cautionary Statement Regarding
Forward-Looking Information
This press release
contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation and information that are
based on the beliefs of management and reflect the Company's
current expectations. When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these
words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information.
Such statements and information reflect the current
view of the Company. Risks and uncertainties
may cause actual results to differ materially from those
contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
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 press release.
SOURCE GR Silver Mining Ltd.