(TheNewswire)
Vancouver, BC - TheNewswire - September 6, 2023 - EGR Exploration Ltd. (TSXV:EGR) (“ EGR ” or the “ Company ”) is pleased to announcethe election of David Suda to the Board of Directors. The Company isalso announcing the resignation of Dorian (Dusty) L. Nicol. EGR isalso announcing the results from the Annual General Meeting (AGM) heldSeptember 1, 2023.
Board of Director Changes
Shareholders at the recently held AGM have approved the appointment ofMr. David Suda as a director of EGR Exploration. This decision wasmade following Mr. Dusty Nicol not standing for re-election. The Boardwishes to sincerely thank Mr. Nicol for his many valuablecontributions to the Company during his time as a director and wisheshim well in the future. Messrs., Daniel Rodriguez, Owen Garfield, SvenGollan and David Stevenson were also re-elected to the Board at theAGM.
Mr. Suda is currently CEO of American Future Fuel Corp., and aDirector of Mich Resources Ltd. Mr. Suda has 16 years of capitalmarkets experience, and expertise in corporate strategy, capitalraising, sustainability performance and marketing. Previously. Mr.Suda was Managing Director at both Beacon Securities Limited, a globalinvestment bank, and Paradigm Capital, a research investment dealer.Mr. Suda is a graduate, with honours, of York University where heearned a bachelor's degree in environmental studies.
CEO Comments
Daniel Rodriguez, CEO & Director, said, “I am very pleased towelcome Dave to the Board of Directors. He brings years of experiencein Canadian and international capital markets from many transactionssuccessfully completed during his time with two well-knownToronto-based investment banks. I look forward to working with Dave aswe continue to grow EGR. I also want to thank Dusty for his time andwisdom he brought to the team, and we wish him well on his current andfuture endeavours.”
AGM Results
The Company held its AGM on September 1, 2023. A total of 10,091,062common shares were voted at the AGM, representing 25.1% of outstandingcommon shares of the Company. Shareholders voted in favour of allitems of business before the AGM, including the election of alldirector nominees, the appointment of the auditor, and the new stockoption plan.
About EGR Exploration Ltd.
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 LakeGold Mine and is approximately 20 kilometres from the mine, which isalso hosted in the Abitibi Greenstone 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. Management has provided the above summary of risks and assumptionsrelated to forward-looking statements in this press release in orderto provide readers with a more comprehensive perspective on theCompany's future operations. The Company's actual results,performance or achievement could differ materially from thoseexpressed in, or implied by, these forward-looking statements and,accordingly, no assurance can be given that any of the eventsanticipated by the forward-looking statements will transpire or occur,or if any of them do so, what benefits the Company will derive fromthem. These forward-looking statements are made as of the date ofthis press release, and, other than as required by applicablesecurities laws, the Company disclaims any intent or obligation toupdate publicly any forward-looking statements, whether as a result ofnew information, future events or results or otherwise. Neither theTSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Copyright (c) 2023 TheNewswire - All rights reserved.