(TheNewswire)
Vancouver, BC - TheNewswire - September 27, 2023 - EGR Exploration Ltd. (TSX-V:EGR) (“ EGR ” or the “ Company ”) is pleased to announcethe appointment of Ashley Kirwan to the Board of Directors withimmediate effect. The Company is also announcing the resignation ofSven Gollan, who will transition to an advisory role at EGR.
Board of Director Changes
The Board of Directors have unanimously approved the appointment ofAshley Kirwan as a director of EGR Exploration, and she will join theAudit Committee. This decision was made following the resignation ofSven Gollan. Mr. Gollan will remain involved with EGR in the capacityof an advisor. The Board wishes to sincerely thank Mr. Gollan for hisvaluable contributions to the company during his time as a director.
Ashley Kirwan is a co-founder and President & CEO of OrixGeoscience Inc., an award-winning geological consulting firmrecognized for their technical excellence, industry partnerships, andworkplace culture. Ashley is a professional geologist (PGO), with over15 years of experience in the mining industry. She has workedthroughout North and South America; as an Exploration Geologist withBridgeport Ventures Inc. in Nevada, and on both exploration andunderground projects with Quadra FNX Mining Ltd. (now KGHMInternational) in Sudbury, Ontario. In 2020, Ashley was recognizedwith the Young Mining Professionals’ Eira Thomas Award as one of thetop mining industry leaders under the age of 40. Ms. Kirwan received aBachelor of Science (Honours) in Geology and a Master of Science inMineral Exploration from Laurentian University, and completed the ICDRotman Directors Education Program.
CEO Comments
Daniel Rodriguez CEO & Director, comments, “Ashley is a welcomedaddition to the Board of Directors. She brings a wealth of knowledgefrom a geological technical perspective and as an entrepreneur andbusiness leader. I look forward to working with Ashley as we continueour process of making a discovery on the Detour West property.”
“I want to thank Sven for giving me this opportunity and for helpingcreate EGR to what it is today. His support has been tremendous. Ilook forward to following his work at Teako and using him as anadvisor to EGR.”
Options Grant
Board of Directors have approved a grant of stock options under theCompany’s stock option plan to its directors, officers andconsultants to purchase up to an aggregate of 1,310,000 treasuryshares at $0.06. The options are exercisable at a price of $0.06 pershare for a period of 5 years vesting immediately, and are subject tothe policies of the TSX Venture Exchange and the Company's stockoption plan.
EGR Exploration Ltd. is exploring for gold in theDetour-Fenelon Gold Trend, approximately 300 kilometres north ofTimmins, Ontario. EGR’s 40,255 hectare Detour West gold project iscontiguous to Agnico Eagle’s property which contains the Detour Lake Gold Mine and is approximately 20kilometres from the mine, which is also hosted in the AbitibiGreenstone Belt.
For further informationcontact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@egrexploration.com
Forward ? Looking Statement (Safe Harbor Statement): This press releasecontains forward-looking statements within the meaning of applicablesecurities laws. The use of any of the words "anticipate","plan", "continue", "expect","estimate", "objective", "may","will", "project", "should","predict", "potential" and similar expressions areintended to identify forward-looking statements. In particular, thispress release contains forward-looking statements concerning theCompany's exploration plans. Although the Company believes that theexpectations and assumptions on which the forward-looking statementsare based are reasonable, undue reliance should not be placed on theforward-looking statements because the Company cannot give anyassurance that they will prove correct. Since forward-lookingstatements address future events and conditions, they involve inherentassumptions, risks and uncertainties. Actual results could differmaterially from those currently anticipated due to a number ofassumptions, factors and risks. These assumptions and risks include,but are not limited to, assumptions and risks associated withconditions in the equity financing markets, and assumptions and risksregarding receipt of regulatory and shareholder approvals. Managementhas provided the above summary of risks and assumptions related toforward-looking statements in this press release in order to providereaders with a more comprehensive perspective on the Company's futureoperations. The Company's actual results, performance or achievementcould differ materially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurance can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive from them. These forward-looking statements aremade as of the date of this press release, and, other than as requiredby applicable securities laws, the Company disclaims any intent orobligation to update publicly any forward-looking statements, whetheras a result of new information, future events or results or otherwise.Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of thisrelease.
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