Invenio appoints Andrew Male president, CEO Stevens director Invenio appoints Male president, CEO, Stevens director
Invenio Resources Corp (C:IVO)
Shares Issued 22,303,794
Last Close 10/8/2014 $0.025
Thursday October 09 2014 - News Release
Mr. Allan Williams reports
INVENIO ANNOUNCES TWO NEW DIRECTORS, PRESIDENT & CEO
Two new directors will be joining Invenio Resources Corp. Effective immediately, Andrew Male and Jeff Stevens will join the board of directors of Invenio.
In conjunction with the new additions to the board of directors, Mr. Male will take the role of president and chief executive officer. Mr. Stevens will take the role of vice-president, corporate finance.
Mr. Male is a director and officer of Maxim Resources Inc., a TSX Venture Exchange-listed oil and gas issuer with oil and gas exploration and production assets in Morocco. Mr. Male was recently also the president, CEO and director of a TSX Venture Exchange mining issuer. During his tenure, Mr. Male pivoted the company to a new mineral focus, completed a mining claim acquisition package, raised $6.0-million in private placements, commenced mining operations, secured a multimillion-dollar joint venture partner and the acquisition of adjacent producing mines. This company was also listed as a TSX-V top-50 issuer. Mr. Male has also acted as an acquisition adviser to European-listed issuers, as well as providing finance and management consulting services for numerous other listed and private issuers.
Mr. Stevens has recently left a senior role at the institutional finance desk for a Canadian brokerage firm. Licensed as a Canadian and U.S. broker, Mr. Stevens completed numerous corporate financings on behalf of clients in both North America and Europe. Previously to that, Mr. Stevens was head of trading and head of institutional sales for two other Canadian brokerage firms.
Allan Williams, chairman of the board, commented: "Our board is very happy to welcome Mr. Male and Mr. Stevens to Invenio. We look forward to their ideas and energy. Invenio is in a transformational state at this time, and with the additions to the board and management, Invenio will have a new energy that begins to reshape the company."
The board of directors has also resolved to constitute an advisory board. To this note, Allan Marter has resigned from the board of directors and will be the initial member of the advisory board. The company would like to thank Mr. Marter for his time on the board and it looks forward to continuing to work with him in the future.
To effect the changes noted above, Mr. Williams has also resigned from the position of interim president but will continue in his role as chairman and director.
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