Announces Executive Change and New Loan Agreement

Meridian Mining SE today announced that Mr. Anthony Julien has resigned as President and CEO of the Company.  Mr. Julien has also resigned as a director of Meridian. The Company thanked Mr. Julien for his years of service with Meridian

Meridian Mining S.E. (CNW Group/Meridian Mining S.E.)

The Company is also pleased to announce the appointment of Mr. Gilbert Clark as interim President and CEO of Meridian.  Mr. Clark is a geologist and has extensive experience in mineral exploration and development.  Mr. Clark has served as a Partner with Sentient Equity Partners since 2017.  Prior to that he was a Senior Investment Advisor and Director at Sentient Asset Management Canada.  He has been involved in private equity investments and appraisals primarily in the mining and energy sectors and is currently a non-executive Director of North American Nickel Inc.

The Company also announced that on June 12, 2018 it agreed to enter into a new loan from Sentient Global Resources Funds IV LP of US$2,000,000.  The proceeds from the loan will be used for working capital.  The loan bears interest at a rate of 10% per annum and matures on September 30, 2019.

The loan constitutes a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“).  The transaction is exempt from the valuation and minority approval requirements of MI 61-101 in accordance with sections 5.5(a) and 5.7(a), respectively, by virtue of the fact that the value of the loan is less than 25% of the Company’s market capitalization.

On behalf of the Board of Directors
of Meridian Mining SE

John Sabine
Chairman of the Board

Meridian Mining SE is focused on the acquisition, exploration, development and mining activities in Brazil.  The Company is currently focused on exploring and developing the Espigão manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia.  Meridian is currently producing high grade manganese at its project located at Espigão do Oeste.

Further information can be found at