Mr. MacDonald will advise the Company on investor communications and market awareness efforts, assist management in developing a strategy to enhance and expand the Company’s exposure in North America and Europe, and support corporate development initiatives.
Robert Willis, San Marco’s CEO, stated: “I welcome Paul to our team. His background, particularly in developing investor communication strategies will be a beneficial addition to San Marco as we move forward”.
In exchange for his services, the Company has agreed, subject to TSX Venture Exchange approval, to pay Mr. MacDonald a monthly fee of C$ 5,000 plus HST ($60,000 in total) from its working capital and granted him a stock option to purchase 300,000 common shares at an exercise price of $0.215 per common share for a period of three years, subject to vesting and termination provisions pursuant to the Company’s Stock Option Plan and TSX Venture Exchange policies. Mr. MacDonald’s engagement may be terminated at any time on 30-day notice. San Marco has been advised by Mr. MacDonald that he does not currently have any direct or indirect interest in the Company.
Prior to his engagement, Mr. MacDonald held the position of President of JM Corp, an investor relations boutique, served in senior sales roles with a leading online investor relations firm and has been employed in corporate sales with a mining industry contract driller. From 2000-2008, Mr. MacDonald held various institutional equity sales positions with three leading small cap focused, IIROC registered, investment banks, during which time he assisted TSX and TSX Venture listed companies in raising over C$ 200 million, building relationships with issuers and key shareholders. In addition Mr. MacDonald has five years of experience in international equities and foreign exchange where he served as head of sales and marketing for Thornton Asset Management, a mutual fund firm in Hong Kong, and Vice President sales with Tullet and Tokyo Forex, a foreign exchange broker also in Hong Kong, where he specialized in interest rate swaps and forward rate agreements.
Mr. MacDonald holds a BBA from the University of Prince Edward Island. and resides in Toronto, Ontario.
About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068 Projects in Sonora State.
San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has 66,286,082 issued and outstanding shares.
On behalf of the Board of Directors:
Robert Willis, P. Eng.
President & CEO
For further information, contact:
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.