STSBF - South Star Mining Announces Appointment of New Chief Financial Officer
(TheNewswire)
Toronto, ON – TheNewswire - January 14, 2021 – South Star Mining Corp. ( ‘South Star ’ or ‘the Company’ ) (TSXV: STS ) (OTC:STSBF) today announces thatJustin Blanchet has resigned as the Chief Financial Officer (CFO)effective January 15 th , 2021. Bo (Bennett) Liu has been appointedas the new CFO and Corporate Secretary of the Company, approved by theBoard of Directors.
Mr. Liu joins the Company from Red Fern ConsultingLtd., a full-service accounting group that provides financial andsupport services for public companies including accounting, regulatorycompliance, audit management and financial reporting. Mr. Liu hasserved as Chief Financial Officer for multiple publicly-tradedcompanies (TSX Venture Exchange and CSE-listed) with a focus on theresource sector. He received his Bachelor of Technology – Accountingfrom the British Columbia Institute of Technology.
The Board would like to thank Mr. Blanchet for hiscontribution to the Company and wishes him well as he transitions tofocus on his full-time position as CFO of an intermediate goldproducer. The Board also welcomes Mr. Liu and looks forward to abright future together.
South Star CEO RichardPearce commented: “Justin is a trueprofessional. We appreciate his hard work, dedication and commitmentover the years and wish him all the best in current and futureendeavours. We are excited to have Bennett on board as we advance towards 2021 construction and near-termproduction . He has been working with the Companyfor a couple of years now and is already familiar with our operations,procedures and staff. We expect a very smooth, seamlesstransition .”
South Star Mining Corp. (TSX.V: STS) is focused on theselective acquisition and development of near-term mine productionprojects in Brazil to maximize shareholder value. STS has anexperienced executive team with a strong history of discovering,developing, building and operating profitable mines in Brazil.
The Santa Cruz Graphite Project is located in SouthernBahia, the third largest graphite producing region in the world withover 70 years of continuous mining. The Project has at-surfacemineralization in friable materials, and successful large-scale pilotplant testing (>30t) has been completed. The results of thetesting show approximately 65% of Cg concentrate is +80 mesh with goodrecoveries and 95-99% Cg. With excellentinfrastructure and logistics, South Star is planning the commissioningof the 5,000 tonne per year pilot plant for the end of 2021.
This news release has been reviewedand approved by Richard Pearce, P.E., a "Qualified Person"under National Instrument 43-101 and President and CEO of South StarMining.
To learn more, please visit the Company website at http://www.southstarmining.ca .
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
For additional information, pleasecontact:
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
Email: cathy@chfir.com
Mr. Dave McMillan
Chairman
Email: davemc@telus.net
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this press release.
Forward-Looking Information
The information contained hereincontains "forward-looking statements" within the meaning ofapplicable securities legislation. Forward-looking statements relateto information that is based on assumptions of management, forecastsof future results, and estimates of amounts not yet determinable. Anystatements that express predictions, expectations, beliefs, plans,projections, objectives, assumptions or future events or performanceare not statements of historical fact and may be "forward-lookingstatements."
Forward-looking statements aresubject to a variety of risks and uncertainties which could causeactual events or results to differ from those reflected in theforward-looking statements, including, without limitation: risksrelated to failure to obtain adequate financing on a timely basis andon acceptable terms; risks related to the outcome of legalproceedings; political and regulatory risks associated with mining andexploration; risks related to the maintenance of stock exchangelistings; risks related to environmental regulation and liability; thepotential for delays in exploration or development activities or thecompletion of feasibility studies; the uncertainty of profitability;risks and uncertainties relating to the interpretation of drillresults, the geology, grade and continuity of mineral deposits; risksrelated to the inherent uncertainty of production and cost estimatesand the potential for unexpected costs and expenses; results ofprefeasibility and feasibility studies, and the possibility thatfuture exploration, development or mining results will not beconsistent with the Company's expectations; risks related to goldprice and other commodity price fluctuations; and other risks anduncertainties related to the Company's prospects, properties andbusiness detailed elsewhere in the Company's disclosure record. Shouldone or more of these risks and uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially from those described in forward-looking statements.Investors are cautioned against attributing undue certainty toforward-looking statements. These forward-looking statements are madeas of the date hereof and the Company does not assume any obligationto update or revise them to reflect new events or circumstances.Actual events or results could differ materially from the Company'sexpectations or projections.
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