Mega Precious Metals Announces The Appointment of Daniel Racine To The Board Of Directors [Global Data Point]
(Global Data Point Via Acquire Media NewsEdge) Mr. Racine joined Agnico-Eagle as a junior Mining Engineer in 1988 and took on progressively senior roles, including LaRonde Mine Manager, Vice-President Operations Manager, and Senior Vice President Operations. During Mr. Racine's 24 years with Agnico-Eagle, the company grew from a market capitalization of $300 million with two small operating mines to a global mining leader with a market capitalization of $6.4 billion with five large mines in three countries. Mr. Racine has a Bachelor degree in Mining Engineering from Laval University. He is a registered engineer in Quebec (IEng) with L'Ordre des Ingenieurs du Quebec, a professional engineer (PEng) with the Professional Engineers Ontario and also a member of the Ontario Society of Professional Engineers.
"Daniel's skill set as a mine builder will add significant value to our Monument Bay Project and assist us through the transition process from becoming an advanced explorer to a developer," commented Mario Stifano, Chairman of Mega. "We are delighted to have such an esteemed and well known mining executive join our team, Daniel's expertise and knowledge will definitely assist us in advancing our flagship Monument Bay Project to development."
In addition to his appointment, Mr. Racine has been granted 300,000 stock options with an exercise price of $0.165 vesting immediately.
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