Pasinex Resources Appoints Victor Wells as New Chairman and Reports Grant of Stock Options

TORONTO, ONTARIO–(Marketwired – Oct. 18, 2016) – Pasinex Resources Limited (CSE:PSE,FSE:PNX) today announced the appointment of Victor Wells, FCPA, FCA, ICD.D, as a New Chairman effective immediately.
Victor Wells has served on the boards of several public companies and is currently a member of the board of Student Transportation Inc. and Contagious Gaming Inc. During his career he held increasingly senior financial positions such as Vice President Finance and CFO of Chemtrade Logistics Income Fund from its IPO in July 2001 to April, 2006. Mr. Wells was Chair of the Canadian Financial Executives Research Foundation (2011 – 2016): A past Director and Chapter President of FEI Canada, he was awarded the Frank S. Capon Distinguished Service Award by FEI Canada in 2011.
He obtained his Chartered Accountant designation with Ernst & Young LLP in Toronto and is a Fellow of the Chartered Professional Accountants of British Columbia and Ontario. Mr. Wells obtained his Institute of Corporate Directors designation in 2007.
Steve Williams, President and CEO of Pasinex said, “Our rapid growth requires us to address our governance and oversight needs, to ensure Pasinex’s continuing success. Victor will succeed me as Chairman of the Board. As Pasinex has grown it has become important to separate the roles of Chairman and CEO. Victor’s experience over the years and his expertise in corporate governance and managing audit committees makes him an ideal Chairman for Pasinex going forward. An awarded and recognized leader, known for his integrity and honesty, Victor is also an expert in assessing the balance between risk and reward in complex finance strategies. We look forward to working with Victor as we stay the course of mining zinc in Turkey with our joint venture partner.”
Connect with Pasinex Resources Limited (CSE:PSE,FSE:PNX) to receive an Investor Presentation.