17.05.2024 12:01:02 - dpa-AFX: GNW-Adhoc: Calibre Announces Proposed Update to its Board of Directors and Change to Senior Management
VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) -- Calibre Mining
Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") announces that Mr.
Douglas Hurst and Mr. Raymond Threlkeld will not stand for re-election to the
Company's board of directors (the "Board") during the June 12, 2024 annual
general meeting (the "Meeting"). Mr. Hurst has served on the Board since 2016 as
a member of the Audit and the Governance Committees. Mr. Threlkeld has served on
the Board since 2018 and was a member of the Compensation, Governance and
Safety, Health, Environment, Sustainability and Technical Committees. Calibre is
pleased to announce that Ms. Omaya Elguindi will be nominated for election at
the Meeting as a new member of the Board. The Company also announces the
resignation of Mr. David Splett, Senior Vice President and Chief Financial
Officer, effective July 31, 2024.
New Board Nominee, Ms. Omaya Elguindi
The Company is pleased to announce that the Board has recommended that Ms. Omaya
Elguindi be elected as an independent director of the Company. Her nomination
for election to the Board will be voted on by shareholders at the Meeting. Omaya
has been a member of the North American technology business sector for over 20
years. She has been a founder, senior executive, and director of numerous
innovative companies that went on to be successfully acquired. Omaya continues
to advise investors on tech opportunities and is currently the co-founder,
President and CEO of Ekaria LLP, a company that manages the retail rewards
program for American Express USA.
Blayne Johnson, Chairman of Calibre stated: "On behalf of the board of directors
of Calibre Mining, I express our sincere gratitude to Douglas Hurst and Raymond
Threlkeld for their dedicated years of service on the Board. Their invaluable
experience, insightful contributions, and steadfast commitment have been pivotal
to Calibre's success. We wish them continued success in all their future
endeavours. We will miss you both.
I am pleased to support the nomination for election of Omaya Elguindi to the
Calibre Mining Board of Directors. Having known Omaya for over two decades, I am
confident in her ability to bring fresh perspectives and substantial value to
our company. Omaya possesses a wealth of experience in the technology sector,
having contributed to numerous successful tech startups that have delivered
significant shareholder value. We eagerly anticipate Omaya's expert advice and
guidance, especially as we navigate a landscape brimming with emerging
technologies that promise to enhance the efficiency and effectiveness of our
operations and allow us to find new ways to unlock shareholder value. Upon
election at the Meeting, we will formally provide a warm welcome to Omaya to the
Calibre board."
Darren Hall, President and Chief Executive Officer of Calibre, stated: "On
behalf of the entire executive team I'd like to thank David Splett for his
leadership and dedication to the success of the Company over the last two and
half years and I wish him all the best in his future. Korn Ferry has been
retained to conduct a Chief Financial Officer replacement search, and David will
continue his role and assist in the transition through the end of July."
About Calibre
Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer
with a strong pipeline of development and exploration opportunities across
Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and
Nicaragua. Calibre is focused on delivering sustainable value for shareholders,
local communities and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a proven management
team, strong operating cash flow, accretive development projects and district-
scale exploration opportunities Calibre will unlock significant value.
ON BEHALF OF THE BOARD
"Darren Hall"
Darren Hall, President & Chief Executive Officer
For further information, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com (http://www.calibremining.com)
Calibre's head office is located at Suite 1560, 200 Burrard St., Vancouver,
British Columbia, V6C 3L6.
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