Bluestone Strengthens Board of Directors with New Appointmen Bluestone Strengthens Board of Directors with New Appointment
Bluestone Strengthens Board of Directors with New Appointment
Canada NewsWire
VANCOUVER, BC, Sept. 12, 2023
VANCOUVER, BC, Sept. 12, 2023 /CNW/ - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") today announced the appointment of Martino De Ciccio to the Board of Directors effective September 11, 2023.
Peter Hemstead, President and CEO commented, "We extend a warm welcome to Martino De Ciccio as he joins our already strong Board of Directors. His corporate finance and capital markets experience will be invaluable as we continue to advance the Company's previously announced strategic review process."
Martino De Ciccio
Martino De Ciccio has over 15 years' experience in strategy, capital markets, and corporate finance, with a strong track record of value creation. He joined Endeavour Mining in 2015 as Vice President, Strategy and Investor Relations and assumed the role of Deputy CFO and Head of Investor Relations in January 2023. He played a pivotal role in Endeavour's transformation from a small market cap to a FTSE100 company and one of the largest gold producers in the world, garnering over 25 investor relations achievement nominations, including repeatedly winning best across all sectors. Prior to joining Endeavour, Martino played a key role in growing La Mancha Resources from a $20 million market cap which culminated into a $500 million take-private offer. As Strategy and Business Development Manager, he then helped lead the private company's transformation from an emerging gold producer into one of the largest gold investment funds with cornerstone holdings in Evolution Mining and Endeavour, which was recognized with an Emerging Leader Award. Martino earned a B.Com in Finance from McGill University and is a CFA charter holder.
Stock Option Grant
The Company announces that it is granting as of September 12, 2023, pursuant to its stock option plan, 200,000 stock options to Mr. De Ciccio in connection with his appointment, exercisable at a price of $0.30 per share for a five-year term.
About Bluestone Resources
Bluestone Resources is a Canadian-based precious metals exploration and development company focused on opportunities in Guatemala. The Company's flagship asset is the Cerro Blanco gold project, a near surface mine development project located in Southern Guatemala in the department of Jutiapa. The Company released the results of a Feasibility Study for the project, outlining an asset capable of producing over 300 koz/yr at head grades of +2.0 g/t gold. The project will produce 2.6 million ounces of gold over the life of mine at an all-in sustaining cost of $629/oz (as defined per World Gold Council guidelines, less corporate general and administration costs) over an initial 14-year mine life. The Company trades under the symbol "BSR" on the TSX Venture Exchange and "BBSRF" on the OTCQB.
On Behalf of Bluestone Resources Inc.
"Peter Hemstead"
Peter Hemstead | Chief Executive Officer & Director