Braveheart Resources announced that Peter A. Lacey, ICD.D has agreed to join the Board as an Independent Director of the Company. Brian Murray, one of the co-founders of Braveheart and its longest standing Director has notified the Company of his intention to retire.
Lacey is an international businessman and the founder and former Chairman of Cervus Equipment Corporation, a Canadian public company headquartered in Calgary, Alberta. Cervus comprises 63 equipment dealerships located across Western Canada and Ontario, representing John Deere agriculture equipment, Peterbilt Truck dealerships and material handling dealerships. Cervus also operates John Deere dealerships in Australia and New Zealand. On Oct. 22, 2021, Lacey and the management team at Cervus completed the sale of Cervus to Brandt Tractor Ltd. for approximately $302 million in the aggregate.
Lacey is currently Chairman of Hemostemix Inc., a startup stem cell public company which has 91 global patents and is completing Phase 2 clinical trial for FDA approval. He has most recently served as Lead Director for Entrec Corporation and Audit Committee Chairman for Memex Inc, two other Canadian publicly companies, as well as director for several other private companies. Mr. Lacey served on the Red Deer College Board of Governors for 7 years including 4 years as Chairman. He has also served as a director and past President of the Board of Canada West Equipment Dealers Association, a trade association serving the farm equipment dealer industry in Western Canada.
Lacey commented: "I am excited to join Braveheart as an independent director. Braveheart has acquired two significant past-producing copper projects in Canada. Based on the quality of its assets Braveheart is currently under-valued. My top priority will be to assist management in completion of a restart of the Bull River Mine. I am very familiar with the Bull River project and believe it is one of the most advanced copper projects in Western Canada that can become a copper producer within the near term."