Pan American Energy Corp. Announces Appointment of Nicky Grant to Board of Directors and Grant of Options and RSUs

CALGARY, Alberta, May 16, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) (the “Company” or “Pan American”) has welcomed a new member to its Board of Directors, Ms. Nicky Grant, who brings with her over 18 years of experience in investment banking. Nicky started her career in the US Institutional Desk at Goldman Sachs before moving to the Special Execution Group in Corporate Finance, where she specialized in debt capital markets. She then worked for UBS as part of their Transaction Management Team and focused on global capital markets, with a particular focus in Emerging Markets. She then re-joined Goldman Sachs as a Vice President and joined their Equity Capital Markets team covering UK companies.

In September of 2022, Nicky became Head of Corporate Advisory for Ocean Wall Limited., a market-leading investment house specializing in all aspects of niche alternative investing and advisory. As announced in the Company’s press release on December 6, 2022, Ocean Wall currently serves as an advisor to the Company, providing global capital introduction and general corporate, business and strategic advisory services. Ms. Grant also holds roles as UK/European IR and Corporate Advisor to TSX-V and CSE listed companies in the critical minerals space, as well as a role as the sole UK/European Advisor to a NYSE-listed medical company.

Jason Latkowcer, Chief Executive Officer commented, “We are thrilled to welcome Ms. Nicky Grant to the Board of Directors at Pan American. Her extensive experience in investment banking, specifically in capital markets, and her expertise in the lithium sector, make her an invaluable addition to our team. With the growing demand for lithium and our commitment to becoming a leader in the space, we believe that Nicky’s insights and guidance will be instrumental in helping us achieve our goals. We are confident that her contributions to the board will enhance our ability to deliver value to our shareholders and we look forward to working with her.”

Pan American also announces that it has granted 200,000 stock options (“Options”), each with an exercise price of CDN$0.64, to Ms. Grant in connection with her appointment to the board of directors of the Company and 350,000 RSUs to Mr. Jason Latkowcer as partial compensation for his continuing service to the Company as President and Chief Executive Officer. 50,000 of the Options granted to Ms. Grant shall vest immediately, with the remaining 150,000 Options vesting in three equal installments on September 15, 2023, January 15, 2024 and May 15, 2024. The Options granted to Ms. Grant shall expire on May 15, 2026. The RSUs granted to Mr. Latkowcer vest in four equal installments of 87,500 RSUs on August 12, 2023, November 12, 2023, February 12, 2024 and May 12, 2024.