Canterra Minerals appoints Matt Manson to board, grants equity awards

Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) announced the appointment of Matt Manson to its board of directors and the retirement of Michael Power from the board.

Manson brings over 30 years of international mining experience in exploration, permitting, mine development, financing and operations. He currently serves as president, chief executive officer and director of Radisson Mining Resources Inc. Previously, he was president and CEO of Marathon Gold Corporation, leading the Valentine Gold Project in Central Newfoundland until the company's acquisition by Calibre Mining. He also served as president and CEO of Stornoway Diamond Corporation, where he led development of the Renard Diamond Project.

Manson received The Northern Miner's Mining Person of the Year award in 2017 and the PDAC Viola Macmillan Award in 2015. He holds a bachelor's degree in geophysics from the University of Edinburgh and master's and doctorate degrees in geology from the University of Toronto.

The company granted 1,505,000 stock options to directors, officers, employees and consultants, exercisable at $0.20 per share for three to five years with time-based vesting. Canterra also granted 1,257,500 deferred share units to directors, vesting after one year, and 300,000 restricted share units to officers, vesting equally over three years beginning one year from grant date.

Canterra entered a 12-month investor relations agreement with Peterson Capital for CAD$85,000 to provide investor outreach and marketing services. The company granted Peterson Capital 250,000 options exercisable at $0.20 for 36 months, vesting 25% quarterly starting three months from grant date.

The Vancouver-based company focuses on critical minerals and gold exploration in central Newfoundland, with projects located near the former Buchans Mine and Teck Resources' Duck Pond Mine.

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