Silver Stream Mining Corp. Appoints Chairman and Vice President
Kent and Meschke will be joining Silver Stream's management team which consists of Terrence Byberg, President and CEO; Don Bossert, CFO; Michael Gross, Chief Operating Officer; and James Garber, Vice President of Exploration. Silver Stream Directors include Ms. Kent and Messrs. Byberg, Bossert, Peter Calder and Mike Robb.
Margaret "Peggy" Kent has spent almost 40 years in the resource industry, becoming a leader in the financing and development of new projects and taking on development projects that major companies had passed on. She has been the chairman and CEO of a number of publically traded resource companies and has been responsible for the direction of as many as 2,200 employees and the development and operation of eight mining operations, with the largest being the $500 million dollar Kemess project in Central British Columbia, Canada.
Ms. Kent has founded four publicly traded companies and several private companies. Over her career she has raised over $1.5 billion of capital in the equity and public and private debt markets for the acquisition and development of mining projects. Ms. Kent has completed several mergers and acquisitions, including a simultaneous merger of five TSX-listed companies to form Royal Oak Mines. In addition, she successfully acquired the Caribou Mine, now owned by Trevali Mining Corp., out of receivership.
As Chairman, President and CEO of Century Mining Corp. she acquired the Sigma-Lamaque Complex (historical gold production of 9 million ounces) out of a receivership. In 2009 she restructured Century by arranging and closing the first prepaid gold facility with Deutsche Bank in conjunction with a large equity placement, in order to put the Lamaque mine back into operation. She has also served as Executive Chair of Tamerlane Ventures Inc.
She has been a member of the boards of directors of several of Canada's leading resource and chemical companies (including Talisman Energy, TransCanada Corporation and Nova Chemicals) and a number of mining companies. Early in her career Kent owned and operated her own research and development facility, providing chemical and metallurgical services to the mining industry throughout North America. She has also co-authored a number of technical patents.
Richard Meschke has nearly forty years of experience in financial, legal, corporate development and commercial roles within the mining and engineering industries, initially with major companies and more recently in the junior mining sector. Beginning in 2006, Meschke was chief financial officer and vice president, legal and corporate development for Century Mining Corp., and has held similar responsibilities with other junior companies. While with Century he completed a $60 million financial restructuring of the company utilizing debt financing including a prepaid forward gold sale, and private placements of equity including bringing in a new controlling shareholder.
Earlier in his career, Meschke held executive positions with AMAX Inc. in the energy and base & precious metals groups. He also led commercial functions for the construction and engineering services company AMEC plc.
Terrence Byberg, Silver Stream President and CEO, commented, "We are extremely pleased to have Peggy and Richard join our management team as we seek new opportunities for Silver Stream to acquire attractive mining properties. In particular, Peggy's vision and depth of experience will afford Silver Stream a unique advantage over other companies in considering growth and investment possibilities."
FORWARD LOOKING STATEMENTS: Information contained herein regarding optimism related to the Company's business, expanding exploration, development activities and other such statements are "forward-looking statements". While Silver Stream believes such statements are reasonable, they are based on current expectations, estimates and projections about the Company's business and are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including market prices for the Company's mineral products, international and domestic economic conditions, and other risk factors listed in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release, except as required by applicable law.
Contact:
Silver Stream Mining Corp.
Terrence H. Byberg, President and C.E.O.
Tel: (702) 818-1775
info@silverstreammining.com