In This Article:
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces that Andrew Swarthout and Sandra Daycock have retired from the Board of Directors (the "Board"). The Company also announces that documentation regarding the Debt Amendments and Credit Extension (each, as defined below) announced in its news release dated March 4, 2025 continues to advance in partnership with Equinox Gold Corp. ("Equinox") and Sandstorm Gold Ltd. ("Sandstorm").
Resignation of Directors
Further to its news release dated March 4, 2025, the Company announces the retirement of Andrew Swarthout and Sandra Daycock from the Board. Mr. Swarthout was a Founder of the Company in 2003 and served as the Company's President and CEO until 2017. Ms. Daycock was appointed to the Board of Directors in November 2023 and elected as a director by shareholders in June 2024. The Board reiterates its sincere gratitude to Mr. Swarthout, a veteran director and executive of Bear Creek for over 22 years, and Ms. Daycock for their valuable contributions to the Company.
Debt Amendments and Credit Extension
Further to Bear Creek's news releases on March 4, 2025 and March 11, 2025, Equinox, Sandstorm and the Company continue to advance definitive documentation related to (i) the amending agreements with each of Sandstorm and Equinox to temporarily defer certain interest payments under certain outstanding debt arrangements (the "Debt Amendments"); and (ii) the extension of up to US$6.5 million in additional credit to the Company from Sandstorm (the "Credit Extension"). Each of the Debt Amendments and Credit Extension remain subject to approval and acceptance by the TSX Venture Exchange (the "Exchange") and the Company will issue a separate news release upon closing of each.
On behalf of the Board of Directors,
Eric Caba
President and Chief Executive Officer
For further information contact:
Barbara Henderson - VP Corporate Communications
Direct: 604-628-1111
E-mail: barb@bearcreekmining.com
www.bearcreekmining.com
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Cautionary Statement Regarding Forward-Looking Statements
Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation. Forward-Looking information can often be identified by forward-looking words such as "intend" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include, without limitation: the completion and timing of the Debt Amendments and Credit Extension and Exchange approval of each. These forward-looking statements are provided as of the date of this news release, and reflect predictions, expectations or beliefs regarding future events based on the Company's beliefs at the time the statements were made, as well as various assumptions made by and information currently available to them.