Bonanza Mining Corporation Announces Appointment of New CEO, Changes to Board of Directors and Termination of Private Placement
Suite 1710 – 1177 West Hastings Street Vancouver, B.C.
V6E 2L3
Trading Symbol: TSX-V: BNZ Telephone: 1-778-347-2500 Email: [email protected] and [email protected] Website: www.bonanzaminingcorp.com
Bonanza Mining Corporation Announces Appointment of New CEO, Changes to Board of Directors and Termination of Private Placement
August 6, 2024 – Vancouver, British Columbia - Bonanza Mining Corporation (“Bonanza” or the “Company”) announces the following changes to its Officers and Board of Directors:
Mr. Dayton Marks has been appointed as President and CEO of the Company. Mr. Marks is a director of Ocumetics Technology Corp. (TSXV:OTC), a Canadian research and product development company that is dedicated to developing advanced vision correction solutions. From September 2018 to December 2019, Mr. Marks was a consultant for Hans Management Inc., a private company that was involved in the formation and funding of Hanstone Capital Corp. which later became Hanstone Gold Corp. (TSXV: HANS), a public junior mineral resource company engaged in the exploration of precious metal projects in the Golden Triangle of BC, Canada. From 2013 to August 2018 Mr. Marks was attending university at the University of the Fraser Valley and the Rotman School of Management at the University of Toronto. Mr. Marks holds a Master’s degree of Financial Risk Management from the Rotman School of Management (2018), a Bachelor’s degree of Business Administration from the University of the Fraser Valley (2017) and a Bachelor of Arts degree from the University of the Fraser Valley (2017).
Alfredo De Lucrezia has resigned as the President and CEO of Bonanza, and has also resigned as a director. In addition, Maurizio Grande and John Pallot have also resigned as directors. Bonanza thanks each of these gentlemen for their service to Bonanza and wishes them success in their future endeavours.
Bonanza also announces that, due to market conditions, the private placements announced on May 2, 2024 will not be proceeded with. Bonanza intends to re-structure these private placements in the near future – further information in this regard will be disseminated in due course. Any such re-structuring will be subject to TSX Venture Exchange acceptance.
For further information, please contact:
Bonanza Mining Corporation Suite 1710 – 1177 West Hastings Street Vancouver, B.C. V6E 2L3 Attention: Dayton Marks, President, CEO and Director Tel: 778-347-2500 Email: [email protected]
Cautionary Statements
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
This press release contains "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.