Honey Badger Silver Inc. (OTC: HBEIF) Stock Extends Rally After a Key Update
The appointment of a C-suite executive is almost always seen as a major new development by most investors, and on Monday, Honey Badger Silver Inc. (OTC: HBEIF) made such an announcement. The company appointed a new Chief Financial Officer in the form of Dan O’Brien. The appointment went into effect immediately. He would replace Donna McLean, the outgoing Chief Financial Officer of the company.
The Chief Executive Officer of Honey Badger Silver, Dorian L. Nicol, spoke about the appointment as well. He welcomed O’Brien to the company in the role and went on to note that his considerable experience in business management as well as financial depth would be of significant benefit to Honey Badger Silver.
O’Brien boasts membership in the Institute of Chartered Accountants of British Columbia and experience spanning two decades with public companies involved in the resource space. Currently, O’Brien is also the Chief Financial Officer for multiple TSX-V exchange-listed public exploration companies. The company also announced that Ben Meyer would also join as the new company secretary. In the news release, it was revealed that Meyer had more than a decade’s worth of experience in corporate compliance for publicly listed mineral exploration firms listed on the TSX and TSX-V exchanges.
Dorian L. (Dusty) Nicol, CEO of Honey Badger, stated, “I would like to welcome Dan O’Brien as our new CFO. He brings a depth of experience in financial reporting and business management that will be of great benefit to our Company. I would also like to thank Donna for her commitment and many contributions to the Company and we wish her the best in her future endeavours.”
On October 17, the company announced that on the previous day it had inked a purchase agreement with SSR Mining Inc. for the acquisition of 100% rights in the Sunrise Lake Silver Project from the latter. The project is located in the Northwest Territories. Honey Badger Silver revealed in its news release that the project contained a historic silver resource to the tune of 12.8 million ounces in the indicated category.
Additionally, it had recorded an inferred resource of 13.9 million ounces of silver. It had been a major step for the company in its strategy to acquire high-quality silver projects.
