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Maverix Metals welcomes two veteran mining executives to its board

The Vancouver-based company is welcoming executives David Scott and Brian Penny to the company’s board as independent directors

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Penny and Scott are both seasoned mining and finance executives

Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) is bolstering its board of directors with the appointment of two capital markets executives, the company announced Wednesday.

The Vancouver-based Company is welcoming David Scott and Brian Penny to the Company’s board as independent directors.

READ: Maverix Metals moves to the big exchanges in Toronto and New York

Scott, who recently retired as vice chairman and managing director of mining, global investment banking at CIBC, enjoyed a 20-year career with one of Canada’s Big 5 banks. He played an active role in many of the mining industry’s most significant mergers during that time and brings with him an extensive list of contacts in the metals and finance sectors.

Penny currently holds the role of CFO at Wallbridge Mining Company Limited (TSE:WM). Prior to Wallbridge, Penny served as CFO at New Gold Inc (TSE:NGD) and Kinross Gold Corporation (TSE:K), both leading gold producers.

"David's extensive involvement in capital markets at the highest levels, and Brian's wide range of financial and executive experience in the mining industry will further strengthen Maverix's leadership team,” said Dan O’Flaherty, Maverix’s CEO.

“Both David and Brian possess a breadth of knowledge that will directly benefit Maverix, as we continue to pursue opportunities to grow our royalty and streaming portfolio.”

The royalty company also announced board member Christopher Emerson has stepped down, effective June 30.

"We would like to sincerely thank Chris for his contributions to the Board since our inception three years ago, a period in which Maverix materially expanded our portfolio of streams and royalties,” said Geoff Burns, chairman of Maverix.

“Chris brought a wealth of technical knowledge to our group, which contributed greatly to the growth Maverix has been able to deliver in its short history."

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Maverix Metals Inc

Price: 5.72 CAD

TSX:MMX
Market: TSX
Market Cap: $617.93 m
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