Tectonic Metals Appoints New CFO
Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF) has appointed Oliver Foeste, CPA, CA as the new Chief Financial Officer (CFO) and Corporate Secretary, effective immediately.
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Rhea-AI Summary
Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF) has appointed Oliver Foeste, CPA, CA as the new Chief Financial Officer (CFO) and Corporate Secretary, effective immediately. Foeste, founder of Invictus Accounting Group LLP, possesses extensive finance and compliance experience in various sectors, including mining. He succeeds Xavier Wenzel and will oversee Tectonic's accounting and finance operations. In connection with this appointment, the company granted 400,000 stock options at an exercise price of $0.10 per share.
Positive
- Appointment of Oliver Foeste as CFO expected to enhance financial oversight.
- Foeste brings valuable multidisciplinary skillset from various sectors.
Negative
- Replacement of Xavier Wenzel may raise continuity concerns.
Details
News Market Reaction – TETOF
The recorded move for TETOF in the trading session of this news was +994.89%.
Data tracked by StockTitan Argus. Session date unavailable.
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VANCOUVER, BC / ACCESSWIRE / October 3, 2022 / Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF)(FSE:T15B) (the "Company" or "Tectonic") is pleased to announce the appointment of Mr. Oliver Foeste, CPA, CA as Chief Financial Officer ("CFO") and Corporate Secretary of the Company, effective immediately. Mr. Foeste is the founder and Managing Partner of Invictus Accounting Group LLP and has significant executive, director, finance, and public company compliance experience across a number of industry sectors including mining. Prior to Invictus, Mr. Foeste was in senior finance and accounting roles at TSX, TSXV, and NYSE listed issuers, and earned his CPA at Deloitte and a boutique tax advisory firm. Mr. Foeste will be responsible for Tectonic's accounting and finance operations, including financial reporting.
Tony Reda, President & Chief Executive Officer of Tectonic, commented, "Mr. Foeste brings a valuable multidisciplinary skillset to his role as CFO that includes accounting, financial, operational and compliance experience. On behalf of the Tectonic team, I am pleased to welcome Oliver and look forward to his contribution to our continued success."
Mr. Foeste replaces Mr. Xavier Wenzel as Chief Financial Officer and Corporate Secretary. Tectonic thanks Mr. Wenzel for his service and wishes him the best in his future endeavours.
Stock Option Grant
The Company announces that it has granted 400,000 stock options (the "Options") in connection with the appointment of the CFO. The Options have an exercise price of
To learn more about Tectonic please click here.
On behalf of Tectonic Metals Inc.,
Tony Reda
President and Chief Executive Officer
For further information about Tectonic Metals Inc. or this news release, please visit our website at www.tectonicmetals.com or contact Bill Stormont, Investor Relations, at toll-free +1 604 358 9340 or by email at info@tectonicmetals.com.
Facebook: https://www.facebook.com/TectonicMetals/
Twitter: https://twitter.com/TectonicMetals
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LinkedIn: https://www.linkedin.com/company/tectonic-metals
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tectonic Metals Inc.
View source version on accesswire.com:
https://www.accesswire.com/718344/Tectonic-Metals-Appoints-New-CFO
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