Impressive appointment to the board!
Bluestone holders elect all director nominees at AGM
2020-05-20 17:20 PT - News Release
Mr. Jack Lundin reports
BLUESTONE ANNOUNCES RESULTS FROM ANNUAL GENERAL MEETING AND APPOINTS NEW DIRECTOR
Bluestone Resources Inc. has released the results of voting at its annual general meeting of shareholders, which was held on May 20, 2020, by conference call. Full details of all the voting results for the 2020 meeting are available on SEDAR.
The nominees for directors listed in Bluestone's management proxy circular dated April 15, 2020, were elected as set out in the attached table.
Director Votes for % for James Beck 49,888,112 99.99 Zara Boldt 49,887,112 99.98 Dave Dicaire 49,887,112 99.98 Leo Hathaway 49,881,512 99.97 Darren Klinck 49,887,633 99.98 William Lamb 49,817,962 99.85 Jack Lundin 49,887,633 99.98 John Robins 49,887,633 99.98
Jim Paterson did not stand for re-election to the Company's board of directors (the "Board") at the Meeting. Jim served on the Board Audit Committee, the Board Corporate Governance and Nominations Committee, and as Chair of the Board Compensation Committee.
John Robins, Board Chair commented, "Jim has served on our Board since 2011, prior to the acquisition of the Cerro Blanco gold project, which transformed the Company to what it is today. He has been a strong Board Member, providing insightful feedback and leadership experience. On behalf of Bluestone's senior management team and our Board, we would like to thank Jim for his contributions and wish him the best in his future endeavours."
Dave Dicaire has been appointed to the Board effective immediately.
Jack Lundin, CEO, commented, "We are extremely pleased to have Dave Dicaire join the Board of Directors. Dave's diverse experience and highly successful career in mine development projects, coupled with his technical background will be valuable assets for Bluestone as we continue to advance the Cerro Blanco Gold project. On behalf of the Company and the Board we wish to welcome Dave to the team. I would also like to take a moment to thank Jim for his valuable contributions to the Bluestone Board."
Dave Dicaire
Dave Dicaire has over 40 years of experience in the mining, engineering, and construction industry on a variety of global projects leading both the Owners and EPCM teams and is currently the VP Projects and General Manager at Lundin Gold Inc. Prior to joining Lundin Gold, he was with Freeport-McMoRan Inc. as the Project Director for the highly successful US$4.6 billion Cerro Verde Expansion Project in Peru. Prior to moving to Freeport, Dave was the General Manager, Project Development for South America for Xstrata Copper (now Glencore plc) based in Santiago, Chile. His experience covers all facets of project management for all types of mining projects ranging from managing pre-feasibility studies to large EPC/EPCM projects.
About Bluestone Resources
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics with a quick pay back. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz (as defined per World Gold Council guidelines, less corporate general and administration costs). The Company trades under the symbol "BSR" on the TSX Venture Exchange and "BBSRF" on the OTCQB.
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