Orbec Appoints Cindy Davis as Chief Financial Officer

Rhea-AI Summary

Mines D'Or Orbec (TSXV: BLUE) has appointed Cindy Davis as Chief Financial Officer, effective December 11, 2024, replacing Alain Lévesque who departed on November 25, 2024. Davis brings over 15 years of experience in accounting, financial reporting, regulatory compliance, and management advisory services through Marrelli Support Services Inc. She is a Canadian Chartered Professional Accountant with a Bachelor of Science in Accounting and Economics from the University of West Indies in Jamaica. The company's CEO, Dorian L. Nicol, expressed confidence that Davis's skills and experience will support the company's growth and value creation objectives.

Positive

• Appointment of experienced CFO with over 15 years in financial management
• New CFO has specific experience with junior resource reporting issuers
• Seamless leadership transition with immediate appointment

Negative

• Departure of previous CFO indicates potential management instability

Brossard, Québec--(Newsfile Corp. - December 11, 2024) - Mines D'Or Orbec Inc. (TSXV: BLUE) (the "Company") announces the appointment of Cindy Davis as the Company's Chief Financial Officer effective December 11, 2024. She replaces Alain Lévesque, who left the Company November 25, 2024.

Mrs. Davis possesses over 15 years of experience, providing accounting, financial reporting, regulatory compliance, and management advisory services to a diverse portfolio of Canadian reporting issuers through Marrelli Support Services Inc. She has served as Chief Financial Officer for a number of junior resource reporting issuers. Mrs. Davis is a Canadian Chartered Professional Accountant and holds a Bachelor of Science degree specializing in Accounting and Economics from the University of West Indies in Jamaica.

The Company's CEO, Dorian L. (Dusty) Nicol, commented, "We are pleased to welcome Cindy to our Company. Her skills and experience will be invaluable as we progress the Company through its next stages of growth and value creation."

About Orbec

Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD's +5-million-ounce Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD's nearby Monster Lake gold deposit.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO & Director

For more information, please visit our website www.orbec.ca or contact Mr. Dorian L. (Dusty) Nicol, info@orbec.ca.

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 release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the to close the Offering, including obtaining approval of the Offering from the TSX Venture Exchange, if at all (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. ###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233323

FAQ

When did Cindy Davis join Mines D'Or Orbec (TSXV: BLUE) as CFO?

Cindy Davis joined Mines D'Or Orbec as CFO on December 11, 2024.

What are Cindy Davis's qualifications as the new CFO of BLUE?

Cindy Davis is a Canadian Chartered Professional Accountant with a Bachelor of Science in Accounting and Economics from the University of West Indies in Jamaica, and has over 15 years of experience in financial management and advisory services.

Who did Cindy Davis replace as CFO at Mines D'Or Orbec?

Cindy Davis replaced Alain Lévesque, who left the company on November 25, 2024.

What is Cindy Davis's professional background before joining BLUE?

Davis worked at Marrelli Support Services Inc., providing accounting, financial reporting, and regulatory compliance services to Canadian reporting issuers, and has served as CFO for multiple junior resource reporting issuers.