Defiance Silver Appoints Armando Vazquez, M.Sc., C.P.G., as Vice President, Operations
Defiance Silver has appointed Armando Vazquez as Vice President, Operations, effective May 1, 2025. Vazquez, who holds an M.Sc. in Exploration Geology and is a Certified Professional Geologist (C.P.G.), brings over 14 years of exploration expertise to the role.
Currently serving as Senior Consultant at OreQuest Consultants, Vazquez has been supporting Defiance Silver's strategic development since 2020. His experience spans various deposit types, including epithermal, porphyry, and orogenic gold systems across Mexico, the UK, and Finland.
The company also reported issuing 33,448 Common Shares at $0.244 per share, totaling $7,980, as part of an administrative services agreement. These shares are subject to a four-month hold period and comply with TSX Venture Exchange policies.
Defiance Silver ha nominato Armando Vazquez Vicepresidente delle Operazioni, con decorrenza dal 1º maggio 2025. Vazquez, che possiede una laurea magistrale in Geologia dell'Esplorazione ed è Geologo Professionista Certificato (C.P.G.), porta con sé oltre 14 anni di esperienza nel campo dell'esplorazione.
Attualmente Senior Consultant presso OreQuest Consultants, Vazquez supporta lo sviluppo strategico di Defiance Silver dal 2020. La sua esperienza copre diversi tipi di giacimenti, tra cui sistemi auriferi epitermali, porfirici e orogenici in Messico, Regno Unito e Finlandia.
L'azienda ha inoltre comunicato l'emissione di 33.448 azioni ordinarie al prezzo di 0,244 dollari per azione, per un totale di 7.980 dollari, nell'ambito di un accordo per servizi amministrativi. Queste azioni sono soggette a un periodo di blocco di quattro mesi e rispettano le politiche della TSX Venture Exchange.
Defiance Silver ha nombrado a Armando Vazquez como Vicepresidente de Operaciones, con efecto a partir del 1 de mayo de 2025. Vazquez, que posee una Maestría en Geología de Exploración y es Geólogo Profesional Certificado (C.P.G.), aporta más de 14 años de experiencia en exploración.
Actualmente se desempeña como Consultor Senior en OreQuest Consultants y ha estado apoyando el desarrollo estratégico de Defiance Silver desde 2020. Su experiencia abarca varios tipos de depósitos, incluyendo sistemas auríferos epitermales, porfíricos y orogénicos en México, Reino Unido y Finlandia.
La compañía también informó la emisión de 33,448 acciones ordinarias a un precio de 0.244 dólares por acción, totalizando 7,980 dólares, como parte de un acuerdo de servicios administrativos. Estas acciones están sujetas a un período de retención de cuatro meses y cumplen con las políticas de la TSX Venture Exchange.
Defiance Silver는 2025년 5월 1일부로 Armando Vazquez를 운영 부사장으로 임명했습니다. Vazquez는 탐사 지질학 석사 학위를 보유하고 있으며 공인 전문 지질학자(C.P.G.) 자격을 갖추고 있어 14년 이상의 탐사 경력을 가지고 있습니다.
현재 OreQuest Consultants의 선임 컨설턴트로 재직 중인 Vazquez는 2020년부터 Defiance Silver의 전략적 개발을 지원해 왔습니다. 그의 경험은 멕시코, 영국, 핀란드의 에피서멀, 포피리, 오로제닉 금 시스템을 포함한 다양한 광상 유형을 아우릅니다.
회사는 또한 행정 서비스 계약의 일환으로 주당 0.244달러에 33,448주의 보통주를 발행했으며, 총액은 7,980달러입니다. 이 주식들은 4개월의 보호예수 기간이 적용되며 TSX 벤처 거래소 정책을 준수합니다.
Defiance Silver a nommé Armando Vazquez au poste de Vice-Président des Opérations, à compter du 1er mai 2025. Vazquez, titulaire d’un M.Sc. en géologie de l’exploration et géologue professionnel certifié (C.P.G.), apporte plus de 14 ans d’expérience en exploration.
Actuellement consultant principal chez OreQuest Consultants, Vazquez soutient le développement stratégique de Defiance Silver depuis 2020. Son expertise couvre divers types de gisements, notamment des systèmes aurifères épithermaux, porphyriques et orogéniques au Mexique, au Royaume-Uni et en Finlande.
La société a également annoncé l’émission de 33 448 actions ordinaires au prix de 0,244 $ par action, pour un total de 7 980 $, dans le cadre d’un accord de services administratifs. Ces actions sont soumises à une période de blocage de quatre mois et respectent les politiques de la TSX Venture Exchange.
Defiance Silver hat Armando Vazquez zum Vizepräsidenten für Betrieb ernannt, wirksam ab dem 1. Mai 2025. Vazquez, der einen M.Sc. in Explorationsgeologie besitzt und zertifizierter Fachgeologe (C.P.G.) ist, bringt über 14 Jahre Erfahrung in der Exploration mit.
Derzeit ist er Senior Consultant bei OreQuest Consultants und unterstützt seit 2020 die strategische Entwicklung von Defiance Silver. Seine Erfahrung umfasst verschiedene Lagerstättentypen, darunter epithermale, porphyrische und orogene Goldsysteme in Mexiko, Großbritannien und Finnland.
Das Unternehmen berichtete außerdem über die Ausgabe von 33.448 Stammaktien zu je 0,244 USD, insgesamt 7.980 USD, im Rahmen eines Verwaltungsdienstleistungsvertrags. Diese Aktien unterliegen einer viermonatigen Sperrfrist und entsprechen den Richtlinien der TSX Venture Exchange.
- Appointment of experienced VP Operations with 14+ years in exploration geology
- New VP has prior involvement with company since 2020, ensuring continuity
- VP is qualified under NI 43-101 standards, adding credibility to future reports
- VP brings expertise in multiple deposit types across key mining jurisdictions
- Ongoing share issuance for services causing dilution (33,448 new shares)
- Related party transaction with insiders raises governance concerns
- Company continues to accrue debt for services ($7,980 converted to shares)
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") is pleased to announce the appointment of Mr. Armando Vazquez, M.Sc., C.P.G., as Vice President, Operations, effective May 1, 2025.
Mr. Vazquez continues to serve as Senior Consultant at OreQuest Consultants Ltd., where he has been supporting with strategic development and drill targeting for Defiance Silver since 2020, contributing to expanding our resource base and achieving our long-term vision. Mr. Vazquez is a Qualified Person under Canadian National Instrument 43-101 and a highly regarded exploration geologist with over 14 years of experience designing and managing grassroots and brownfield exploration programs.
Prior to joining Defiance, Mr. Vazquez led the design and execution of exploration programs to the highest industry standards, including compliance with QA/QC protocols under NI 43-101 and stringent Health and Safety frameworks. His expertise spans a broad range of deposit types—including epithermal, porphyry, orogenic gold, and intrusion-related systems—across key mining jurisdictions such as Mexico, the United Kingdom, and Finland.
Mr. Vazquez holds a Master of Science in Exploration Geology from the Camborne School of Mines (University of Exeter, UK), where he was awarded the prestigious Chevening Scholarship for academic excellence. He also earned a Bachelor of Engineering in Geological Engineering from the National Autonomous University of Mexico (UNAM).
Chris Wright, Chairman & CEO, commented:
"We are very pleased to welcome Mr. Vazquez to the leadership team at Defiance. His deep technical knowledge, commitment to responsible exploration, and proven ability to manage complex exploration programs will play a critical role in advancing our portfolio and driving long-term value for our shareholders. In his new role, Mr. Vazquez will oversee operational execution across Defiance's projects, including technical planning, exploration strategy, and program delivery."
SHARES FOR SERVICES
The Company previously entered into a non-arm's length administrative services agreement dated May 1, 2023 (the "Agreement"), for services provided by an officer of the Company. As part of the consideration payable by the Company under the Agreement, the Company has agreed to issue that number of Common Shares equal to
The deemed value of the Service Shares to be issued for a particular month, is to be the closing price of the Company's shares on the last trading day of the month.
For services rendered under the Agreement between the period of July 1, 2024 to December 31, 2024, the Company has issued 33,448 Common Shares at a weighted average price of
The Service Shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.
No new insiders will be created, nor will any change of control occur, as a result of the issuance of the Service Shares.
As certain insiders are party to the Agreement, it may be considered a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders In Special Transactions ("MI 61-101") and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Service Shares does not exceed
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.
On behalf of Defiance Silver Corp.
"Chris Wright"
CEO and Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com.
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Disclaimer
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250410
FAQ
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