C3 Metals appoints Tomlinson as president, CEO

Jan 5, 2021

2021-01-05 09:54 ET – News Release


Mr. Tony Manini reports


C3 Metals Inc. has appointed Kevin Tomlinson to the position of president and chief executive officer and as a director of the company. Alec Rowlands is also joining the company as vice-president of investor relations. Stephen Hughes, who has now returned to full-time employment following an illness, will step back from the CEO position and continue as vice-president, exploration, and remain a director of the company.

Tony Manini, chairman of the board of C3 Metals, stated: “We are very pleased to welcome Kevin as president and CEO. Kevin brings a rare mix of extensive operational experience as a geologist coupled with a highly successful track record in resources investment banking across M&A advisory, financing and research. His strong leadership skills and diverse capital markets experience are highly complementary to those of our strong technical team. We look forward to working with Kevin as C3 builds substantial value for its stakeholders through the successful ramp-up of exploration on our flagship Jasperoide copper-gold project in the world-class Andahuaylas-Yauri porphyry-skarn belt of southern Peru. We also welcome Alec Rowlands to the team with his extensive capital markets experience and hands-on approach to investor relations. The continuance of Steve in the role of VP, exploration, combined with the skill sets of Kevin and Alec positions the company well for this transformational stage of its development.”

Mr. Tomlinson commented: “C3, under the stewardship of Stephen Hughes and his team, along with a highly experienced board, has provided an outstanding platform from which to grow a significant company in the copper-gold space. The company’s experienced in-country team is working closely with government agencies and the local community to enable C3 to advance its efforts in a conscientious and timely fashion as evidenced by the recent granting of the required drill permit. I am excited to be joining a very experienced and dynamic team exploring and developing the little-known Jasperoide gold-copper skarn and porphyry system in the shadow of giant copper deposits such as Las Bambas, Constancia and Antapaccay in Peru.”

Mr. Tomlinson background

Mr. Tomlinson is a Canadian/Australian structural geologist and investment banker with over 35 years experience in the exploration, development and financing of mining projects globally, and particularly the North American, Australasian and European capital markets. Mr. Tomlinson’s diverse career commenced with 15 years in technical and senior exploration management roles predominantly at Plutonic Resources, followed by several years as the managing director and CEO of ASX-listed junior Austminex, and as head of research for Hartleys stockbroking in Australia.

For the past 20 years, Mr. Tomlinson has been a very effective resources investment banker, mergers and acquisitions adviser, and company director for some of the most successful junior exploration and development companies globally, including Centamin Plc., Orbis Gold, Medusa Mining, Cardinal Resources and Bellevue Gold.

As managing director of investment banking at Westwind Partners/Stifel Nicolaus from 2006 to 2012, Kevin was involved in many financings and listings for growing junior and mid-tier resource companies across the Toronto Stock Exchange, Australian Securities Exchange, London Stock Exchange and alternative investment markets, including Centamin, SolGold, Allied Gold and Trelawney.

Between 2015 to 2017, Mr. Tomlinson was a senior consultant to Maxit Capital, leading the merger of Gryphon Minerals with Teranga Gold and introducing SolGold to the firm as a corporate client. Kevin’s most recent mergers and acquisitions role has been as chairman with Cardinal Resources during the delineation and development of its Tier 1, 5.1-million-ounce gold deposit in Ghana and the takeover of the company. Mr. Tomlinson is currently non-executive chairman of Bellevue Gold and non-executive director of Kodiak Copper.

Mr. Tomlinson holds a BSc (hons) and an MSc degree in structural geology and a graduate diploma in finance and investment from the Securities Institute of Australia. He is a fellow of the Chartered Institute for Securities and Investment (CISI), a liveryman for the Worshipful Company of International Bankers (U.K.) and a fellow of the Institute of Directors (U.K.).

Mr. Rowlands’ background

Mr. Rowlands has over 25 years experience in mining finance. He is the former managing director of First Marathon Securities (London) and former head of sales for Gordon Capital (New York). Since 1999, Mr. Rowlands has held several senior finance positions, including with Yorkton Securities, Westwind Partners, Jennings Capital and PowerOne Capital Markets Ltd.

Mr. Rowlands has been an active investor and founding shareholder in several mining ventures, notably Auryx Gold, which was acquired by B2Gold for its Otjikoto project in Namibia in 2011. He is currently vice-president, investor relations and corporate development for Cardinal Resources Inc.

Options granted

Pursuant to the company’s stock option plan approved by shareholders at its annual general and special meeting held on May 24, 2018, the board of directors has granted eight million stock options to directors, officers, employees and consultants of the company. A total of two million options vest immediately, while six million options will vest over a period of 12 months, subject to regulatory acceptance. After vesting, each incentive stock option will allow the holder to purchase one common share in the company at a price of 11 cents. The incentive stock options have a term of five years, expiring on Jan. 5, 2026, or upon departure of the optionholder. The board has also approved, pursuant to its RSU and DSU Plan, an RSU grant of 1.5 million shares to a director. The RSU grant will vest in 12 months and will be valid for two years. Following this stock option grant, the company will have a total of 36,705,000 stock options outstanding, representing approximately 9.8 per cent of the outstanding common shares of the company.

About C3 Metals Inc.

C3 Metals is focused on creating substantive long-term value for its shareholders through the discovery and development of large copper and gold deposits. The company’s flagship project is the underexplored 5,700-hectare Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri porphyry-skarn belt of southern Peru. Mineralization at Jasperoide is hosted in similar geological settings to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

C3 Metals also holds a 100-per-cent interest in five licences covering 207 square kilometres of highly prospective copper-gold terrain in Jamaica, a 100-per-cent interest in two porphyry copper-gold properties, with one under option to Tocvan Ventures, covering 304 square kilometres within the Cascade magmatic arc in southwestern British Columbia, and a 100-per-cent interest in the 46-square-kilometre Stewart Brook gold project in the Meguma gold belt of Nova Scotia. C3 Metals is seeking partners to further develop these highly prospective Canadian and Caribbean assets.

We seek Safe Harbor.


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