Leagold Mining Corporation Announces Change of Board of Directors
Vancouver, British Columbia– HTI VENTURES CORP. (TSXV –HTI.H) (the “Company”) is pleased to announce that Neil Woodyer, FrankGiustra, Bernadette D`Silva and Jay Sujir have been appointed to theCompany's board of directors and the Company has appointed NeilWoodyer as Chief Executive Officer and Jasvir Kaloti as ChiefFinancial Officer and Corporate Secretary. Tena McEachen, MarilynMiller, Greg Schifrin, and Patrice Nazareno, have resigned from theboard and the board would like to thank them for their services.
In connection with theforegoing appointments, an aggregate of 3,500,000 incentive stockoptions have been granted to directors, officers, consultants andcharitable organizations at a price of $0.125 per share, exercisablefor a period of 10 years, subject to TSX-V approval.
The Company has scheduled anAGM for August 8, 2016 to change its name to Leagold MiningCorporation, continue its jurisdiction of incorporation to BC, andadopt more current articles.
The Company has also entered into amandate agreement with Fiore Management & Advisory Corp. toprovide financial advice and corporate administration.
The Company further announcesthat Neil Woodyer acquired 10,500,000 common shares pursuant to aprivate transaction. The acquisitions represent 29.6% of the issuedand outstanding common shares of the Company. As a result of theacquisition of securities described above, Neil Woodyer directly andindirectly, owns and or controls, in aggregate 10,500,000 commonshares of the Issuer, representing 29.6% of the currentissued and outstanding common shares of the Company and would own11,900,000 common shares, representing 32.3%on a partially diluted basis, assuming exercise of 1,400,000incentive stock options held by Neil Woodyer directly.
The Company also announces thatFiore Financial Corporation, a company owned and controlled by FrankGiustra, and the Radcliffe Foundation, a charitable organizationcontrolled by Frank Giustra, acquired 6,150,000 common sharespursuant to a private transaction. The acquisition represents 17.36%of the issued and outstanding common shares of the Company. As aresult of the acquisition of securities described above, FrankGiustra directly and indirectly, owns and or controls, in aggregate6,150,000 common shares of the Issuer, representing 17.36% of thecurrent issued and outstanding commonshares of the Company and would own 6,650,000 common shares,representing 18.51% on a partially diluted basis, assuming exerciseof the 500,000 incentive stock options and held by Frank Giustradirectly.
TheCompany has been advised that Neil Woodyer and Mr. Giustra and hisrelated entities acquired these securities for investment purposesand as disclosed in the Early Warning Report, may in the futureacquire or dispose of securities of the Company, through the market,privately or otherwise, as circumstances or market conditionswarrant.
ON BEHALF OF HTI VENTURES CORP.
Chief Executive Officer
For further information please contact:
Tel: (604) 609-6110
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.