Atlas Lithium Corp (ATLX)

[ImOnABoat]

NEW 8-K

On March 16, 2022, Brazil Minerals, Inc. (the “Company”) terminated the Consulting Services Agreement previously entered into with Jason Baybutt, Chief Operating Officer of Pubco Reporting Solutions, who, prior to the termination of the Consulting Services Agreement, served as the Company’s Chief Financial Officer, Principal Accounting Officer, and Treasurer since December 29, 2021.

On March 16, 2022, the Company appointed Gustavo Pereira de Aguiar, age 39, as the Company’s Chief Financial Officer, Principal Accounting Officer, and Treasurer. From 2016 until March 15, 2022, Mr. Aguiar was the Controller of Jaguar Mining, Inc., a Canadian publicly traded company with two producing gold mines in the state of Minas Gerais in Brazil and current market capitalization of approximately $270 million. From 2013 to 2016, Mr. Aguiar was Controller at Grupo Orguel, an enterprise in the construction equipment rental sector in Brazil which received funding from Carlyle, a U.S. private equity group, and from 2010 to 2013, Mr. Aguiar worked at Mirabella Mineração, which at the time was developing its nickel project in the state of Bahia in Brazil. From 2006 to 2010, Mr. Aguiar was an auditor with Deloitte in Brazil. Mr. Aguiar has undergraduate degrees in Business Administration and in Accounting from Universidade FUMEC in Brazil. He has an executive MBA and further post-graduate education in finance from Fundação Dom Cabral in Brazil. Mr. Aguiar is fluent in Portuguese and English and is a licensed accountant in Brazil.

In consideration for his services as an office of the Company, Mr. Aguiar will: (i) receive cash compensation of $9,500 per month; (ii) receive a signing bonus of $25,000 with $12,500 payable within ten days of his start date, and $12,500 three months after the start date; (iii) have the opportunity, based on certain specific performance metrics, to earn additional annual compensation of at most $45,000; (iv) receive 63,763,964 shares of the Company’s common stock, which shares will vest 25% at the end of each yearly period after the start date and over four such yearly periods.

Except as disclosed herein, there are no arrangements or understandings between Mr. Aguiar and any other person pursuant to which he was selected as an officer, and Mr. Aguiar is not a participant in any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Aguiar and any director or officer of the Company.

https://ih.advfn.com/stock-market/USOTC/brazil-minerals-qb-BMIX/stock-news/87575947/current-report-filing-8-k