en.Wedoany.com Reported - Hertz Energy Inc. has appointed Desmond Balakrishnan and Jean Lafleur to its Board of Directors. Hertz Energy is a company focused on mineral exploration and is currently advancing its Lake George Antimony Project and Craig Silver Project in New Brunswick.
Desmond Balakrishnan practices in the areas of corporate finance and securities, mergers and acquisitions, lending, private equity, natural resources, and gaming and entertainment, and has been a partner at McMillan LLP since 2004. He has provided legal services on matters including debt and equity financings, strategic acquisitions, corporate governance, regulatory compliance, and listings on the Canadian Securities Exchange, TSX Venture Exchange, Toronto Stock Exchange, NASDAQ, and the New York Stock Exchange. Balakrishnan has acted as lead legal counsel on financing transactions exceeding $5 billion and has been involved in M&A transactions totaling over $10 billion. He also serves as a director or officer of several resource, financial, and investment issuers. He received a Bachelor of Arts from Simon Fraser University in 1994, a Bachelor of Laws (with Distinction) from the University of Alberta in 1997, was called to the Bar in British Columbia in 1998, and is a member of the Law Society of Vancouver, the Canadian Bar Association, and the International Masters of Gaming Law.
Jean Lafleur is a registered Professional Geologist in Quebec with 45 years of Canadian and international experience spanning the United States, Mexico, Latin America, Ireland, Spain, and Africa. Early in his career, he worked for Newmont, Falconbridge, Dome Mines, and Placer Dome, and has served as an executive for several junior exploration companies. Since the early 2000s, he has continuously provided technical, management, and financing advisory services to junior exploration companies through his own geological consulting firm, leading multiple teams throughout his career in the discovery of precious metals, base metals, nickel, platinum group metals, uranium, and iron deposits. His expertise includes mining company and project evaluation, audits, technical reports, exploration planning and execution, as well as research and development focused on Quebec. Lafleur currently serves as Senior Advisor, North America for Appian Capital Advisory LLP, a London-based mining private equity firm, where he is responsible for sourcing and introducing North American mining investment opportunities to the team through his network.
Hertz Energy CEO Kal Malhi stated that as the company actively explores the Lake George Antimony Project and awaits a decision from New Brunswick on the historic Lake George Mine, he welcomes the decades of mining experience and capital markets connections Mr. Lafleur brings, while Mr. Balakrishnan, as an experienced and highly respected legal advisor in the junior capital markets, will help support the company in areas such as property financing structure design, corporate governance, and capital raising.
Subject to regulatory approval, the company has granted 828,467 stock options to directors. The options are valid for a period of 3 years from the date of grant, with an exercise price of $0.35 per share, granted under the company's stock option plan.
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