(TheNewswire)
Toronto, Ontario – TheNewswire - November 1, 2021 - NewOrigin Gold Corp. (TSXV:NEWO) (OTC:TROIF) (“NewOrigin” or the “Company ”) is pleased to announce theappointment of David Farquharson to the role of President of theCompany.
“On behalf of NewOrigin’s Board of Directors, we are veryexcited to have Mr. Farquharson joining the team to assist with therealization of the Company’s exploration strategy, and to provide ahigh-level of access to capital and sustainability during theCompany’s growth " said Elijah Tyshynski, Lead Director ofNewOrigin, "David has many years of experience working withjunior companies, and brings a deep network of contacts and resourcesfrom within the industry. In addition, his work in sectors outside ofthe gold industry will add a valuable perspective and approach todeveloping and running a company focused on exploration andshareholder value. We believe that the combination of theseskillsets, combined with our strong technical team, has put theCompany in a position for success going forward."
Mr. Farquharson has been involved in the investment business forover 20 years. He began in research, focusing his attention on junioroil and gas companies, recognizing undervalued, high growth companies.In 2002, David moved into investment banking, raising capital formicro cap companies in the energy business. In 2006, he became apartner and owner of D and D Securities Inc. For the past 16 years hehas been raising capital for mining, oil and gas, and alternativeenergy companies, with a focus on venture and early stagecompanies.
Pursuant to NewOrigin's stock option plan, 800,000 stock optionshave been issued to directors, officers and employees at an exerciseprice of $0.12, exercisable for five (5) years, with service-basedvesting provisions:
About NewOrigin GoldCorp.
NewOrigin Gold Corp. (formerly Tri Origin ExplorationLtd.) is a well-funded, Canadian gold exploration company focused ondrill discovery on its North Abitibi and Sky Lake gold projects in theCanadian Shield. NewOrigin’s management and board have extensiveexperience in the delineation and development of gold deposits.Company shareholders include O3 Mining Inc. and Osisko Mining Inc.NewOrigin Gold trades on the TSX Venture Exchange under the ticker“NEWO”.
For Further Information Contact:
Elijah Tyshynski , Lead Director
Phone: (905) 727-1779 or visit www.neworigingold.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CautionaryStatement regarding Forward Looking Statements:
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. This News Release includes certain“forward-looking statements” which are not comprised of historicalfacts. Forward-looking statements include estimates and statementsthat describe the Company’s future plans, objectives or goals,including words to the effect that the Company or management expects astated condition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and otherfactors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differmaterially from those expressed or implied by such forward-lookinginformation. Forward looking information in this news releaseincludes, but is not limited to, the intention to complete theforegoing, the Company’s objectives, goals or future plans,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convertestimated mineral resources to reserves, the inability to complete afeasibility study which recommends a production decision, thepreliminary nature of metallurgical test results, delays in obtainingor failures to obtain required governmental, environmental or otherproject approvals, political risks, inability to fulfill the duty toaccommodate First Nations and other indigenous peoples, uncertaintiesrelating to the availability and costs of financing needed in thefuture, changes in equity markets, inflation, changes in exchangerates, fluctuations in commodity prices, delays in the development ofprojects, capital and operating costs varying significantly fromestimates and the other risks involved in the mineral exploration anddevelopment industry, and those risks set out in the Company’spublic documents filed on SEDAR. Although the Company believes thatthe assumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance shouldnot be placed on such information, which only applies as of the dateof this news release, and no assurance can be given that such eventswill occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, other than as required by law.
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