THEMAC Resources Appoints Jeffrey Smith as Chief Operating Officer
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/13 -- THEMAC
Resources Group Limited (TSX VENTURE:MAC) ("THEMAC" or the "Company")
today announced that Jeffrey Smith has been appointed as Chief
Operating Officer, effective the 24th June, 2013.
THEMAC has been very focused on completing a Definitive Feasibility
Study and progressing the permits required to develop the Copper Flat
project. Now that the company is close to finalizing the Definitive
Feasibility Study, Jeffrey Smith has been promoted from Feasibility
Study Manager to Chief Operating Officer
Interim CEO of THEMAC Andrew Maloney said "We are very fortunate to
have such a capable and highly experienced person to take up this
role, I'm confident that Jeffrey will do an excellent job. Prior to
this promotion Jeffrey Smith has been with THEMAC for over six
months. During this time Jeffrey has developed an excellent
understanding of the project, and proven himself as valuable team
Jeffrey Smith has 35 years experience within the mining industry and
has managed large, complex mining operations and construction
projects. Jeff has held engineering, operating and maintenance,
general management, and executive management positions with Echo Bay
Mines, Coeur d'Alene Mines and Pan American Silver, which provides
him with planning, contractual, financial, regulatory, and leadership
experience. Jeff's professional history includes three years with
Quintana Minerals Corporation where he was the mine engineer at the
original Copper Flat Mine, and assisted with its construction,
operation and closure.
Jeffrey Smith earned a Bachelor's Degree in Mining Engineering from
the University of Arizona College of Mines and a Master's Degree in
Management from the Stanford University Graduate School of Business.
He is a licensed Professional Engineer, a registered member of the
Society for Mining, Metallurgy and Exploration (SME), and a Qualified
Person under Canadian NI43-101 rules.
The new Chief Operating Officer Jeffrey Smith said, "I am excited
about the opportunity to help re-start the Copper Flat Mine. THEMAC
has assembled a great team for the Project and I look forward to
taking an active leadership role. I worked at Copper Flat as an
employee of Quintana Minerals in the early 1980's; I'm looking
forward to re-establishing friendships I made at that time, and to
establishing new friendships and professional relationships within
the local community and the State."
In connection with the appointment, the Company granted to Jeffrey
Smith options to purchase 1,653,254 common shares of the Company,
exercisable at $0.10 per share, pursuant to the Company's stock
Further to the news release on June 13, 2013, THEMAC has completed
share issuances under the previously announced shares-for-debt
agreements. 1,182,500 common shares have been issued to three
directors to settle $118,250 in aggregate debt. The shares issued are
subject to a four-month hold period.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team
which acquired the Copper Flat copper-molybdenum-gold-silver project
in New Mexico, USA in May 2011. We are committed to bringing the
closed copper mine, Copper Flat, in Sierra County, New Mexico back
into production with innovation and a sustainable approach to mining
development and production, local economic opportunities and the best
reclamation practices for our unique environment. The Company is
listed on the TSX Venture Exchange (TSX VENTURE:MAC) and has issued
share capital of 75,300,122 common shares (fully diluted share
For more information please visit www.themacresourcesgroup.com or
review the Company's filings on SEDAR (www.sedar.com).
THEMAC Resources Group Limited
+44 7539 466703
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