Momentum Public Relation
Press Release: September 25, 2019
Silver Spruce Resources Inc. has appointed Dr. Brian Penney, PhD, DIC, PEng, as interim chief financial officer of the company to replace Gordon H. Barnhill, who passed away Aug. 28, 2019.
Dr. Penney has been chairman of Silver Spruce Resources since 2016. He has also served as chairman of the audit committee since that time. He has extensive experience in guiding early-stage companies, both as chief executive officer and chairman. Recent positions include founding CEO of TARA, a Halifax-based telecom research and development firm; chairman and CEO of Abridean Inc., a software company; chairman and CEO of CarteNav Solutions Inc., a mission software company in Halifax; chairman of Intertainment Media Inc., a TSX Venture Exchange new media incubator company in Toronto; CEO and chairman of e-djuster Inc., a leading insurance services company in Ottawa. Companies of which he was chairman or CEO have collectively increased shareholder value by over $1-billion.
He has been a board member of several government and academic-industry boards, including the Communications Research Centre and CANARIE. Earlier in his career, he held various research and academic positions in physics and in computing science and worked as a software engineer, system architect and development manager at Bell Northern Research and other companies in the telecommunications industry.
Dr. Penney holds a PhD in high-energy nuclear physics from Imperial College of Science & Technology, University of London, and is a professional engineer and is licensed as a commercial pilot.
About Silver Spruce Resources Inc.
Silver Spruce Resources is a Canadian junior exploration company pursuing development of the Pino De Plata project in western Chihuahua state in Mexico. The company has signed a letter of intent to acquire 100 per cent of the Melchett Lake zinc-gold-silver project in Northern Ontario, Canada, and a binding letter of agreement to acquire 100 per cent of the advanced Cocula gold project in Jalisco state, Mexico.