BURNABY, British Columbia, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSX-V:MWX) (OTCQB:MWXRF) (FSE:YRS WKN:A2DSW3) is pleased to announce the appointment of A.J. (Pine) Pienaar as a non-executive member of the Board of Directors on January 11, 2018. He will be replacing Brent Fleischhacker, who is standing down to facilitate Mr. Pienaar’s appointment, having been a director since June, 2015.
Mr. Pienaar was formerly the CEO of JPMorgan Asset Management Canada (Inc.) and the Managing Director (Chief Representative) of JPMorgan Investment Management (JPMIM) from 1993 to 2005, where he established the Canadian office for JPMIM in 1993. During this period, Mr. Pienaar spearheaded building the franchise from $450 million in assets under management in 1993 to over $12 billion in 2005, as well as building a sub-advisory/retail business to over $2 billion. Pine retired early in 2005. Mr. Pienaar became a Senior Vice President of the Alberta Investment Management Corporation (AIMCo) in 2010, where he was actively involved in the corporation’s transformation as a new arm’s length Investment Management Crown Corporation until his retirement in 2013. Mr. Pienaar was a Principal (Partner) at Towers Perrin Asset Consulting in Toronto from 1988 to 1993 and a Director of Pension Investments at Moore Corporation in Toronto from 1985 to 1988 overseeing the global pension strategy in 54 countries.
“The management and Board of Directors are delighted with the addition of Pine to our board,” commented CEO, Greg Pendura. “Pine brings a wealth of experience to the Company in the areas of strategic and financial planning as well as executive leadership. I would also like to take this opportunity to thank Brent Fleischhacker for his significant contribution to Mineworx as a director.”
Concurrent with Mr. Pienaar’s appointment, the Company has granted him an aggregate of 300,000 options to purchase common shares of the Company. The options expire at the end of five years with an exercise price of $0.26 per common share.
About Mineworx
Mineworx is positioned for growth through partnerships with advanced mining and E-Waste opportunities utilizing its proprietary and patent pending extraction technologies. These innovations will increase and enhance business opportunities by deploying cost effective, environmentally friendly extractive metallurgy solutions.
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For further information, go to www.mineworx.net
For further information contact:
MINEWORX TECHNOLOGIES LTD.
Rick Gliege, V.P. Corporate Development
250-751-3661
rick@mineworx.net