- Generation Mining (GENM) has announced the appointment of Brian Jennings as its new CFO
- Mr. Jennings will step down from his position on the Board, and will be replaced by Cashel Meagher as an Independent Director
- The company has also issued incentive stock options to specific upper management at C$0.65 per share, with an exercise period of five years
- Generation Mining shares are currently up 1.59 per cent to C$0.64, with a market cap of C$58.56 million
Generation Mining (GENM) has announced the appointment of Brian Jennings to the role of Chief Financial Officer.
Mr. Jennings will subsequently step back from his position on the Board of Directors.
A Chartered Accountant and geologist with 30 years of experience in executive roles, Mr. Jennings had been a Board member and Chairman of the Audit Committee since May 2018.
Prior to his role with Generation Mining, Mr. Jennings acted as CFO for a range of junior mining and technology companies, as well as Vice-President of Corporate Restructuring with Ernst & Young.
As a result of Mr. Jennings’ resignation from the Board, the company has appointed Cashel Meagher – Senior Vice-President and Chief Operating Officer of Hudbay Minerals – to fill the position as an Independent Director.
With extensive experience in senior roles within a wide variety of mining companies, Mr. Meagher holds a Joint Advance Major in Geology and Chemistry from Saint Francis Xavier University.
Mr. Meagher is also a Professional Geoscientist registered with the Association of Professional Geoscientists of Ontario.
“We are excited to be introducing Cashel Meagher to the Board of Directors, further validating the Marathon Palladium Project,” said Jamie Levy, President and CEO of Generation Mining.
“We look forward to working with Mr. Meagher and leveraging his experience in the development and operation of large-scale mineral projects globally, with specific emphasis on his experience producing and marketing copper concentrates rich in precious metals.”
Generation Mining also announced granting of incentive stocks to specific Directors and senior management personnel, enabling them to purchase up to 500,000 common shares at C$0.65 each, with an exercise term of five years.
Shares in the company are currently up 1.59 per cent toC $0.64, with a market cap of C$58.56 million.