Mr. Francois Biron Joins the Board of Directors
MONTREAL, QUEBEC--(Marketwired - Aug. 28, 2015) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce that Franois Biron, senior professional mining engineer has joined its Board of Directors as an independent director.
Mr. Franois Biron is a senior professional mining engineer with 40 years of experience in the mining industry. His extensive experience in mining operations has been developed through acting in several senior site-based positions with well-known international mining companies. Among others, he has acquired expertise in gold, base metals and industrial minerals sectors. Mr. Biron has an entrepreneurial vision oriented towards business development and a perspective of industry growth with respect to the environment.
He participated in the management of major open pit mines with the best operating standards to achieve goals and corporate objectives. Mr. Biron elaborate recently a new mining project in introducing the social acceptability concept and public consultations in the local communities where the project will be implement, based on the latest automation mining technologies and to improve the mining process.
Andr Gauthier, President of Matamec, welcomes Mr. Biron to the Corporation's Board of Directors. He adds that: "Franois's experience, as senior mining engineer in many big mining operations as gold, base metals and industrial minerals will strengthen the team decision-making capacity of Matamec's present Board of Directors." The President further adds: "In its regular quest for improvement of its governance practices, the Corporation count now a fourth independent director in Franois Biron."
According to the Company policies, the Board of Directors granted 400,000 stock options to Mr. Biron at an exercise price of $0.10 per share for a period of 5 years. Terms as conditions of exercise are regulated by the Stock Option Plan to purchase shares of the Company.
Modification to August 27th, 2015 press release
The August 27th, 2015 press release mentioned 1,275,000 stock options granted to directors, officers and employees instead of 1,575,000.
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit owned at 72% by the Company and at 28% by Ressources Qubec. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property holds at 50% located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. In Quebec, the Company optioned its Sakami property located in the James Bay region of northern Quebec to Canada Strategic Metals which can be acquired a 50% interest by spending $2,250,000 on the property in three years. Furthermore, Matamec is exploring for precious and base metals on its Valmont and Vulcain properties, and for lithium and tantalum on its Tansim property.