(TheNewswire)
February 11, 2020 - TheNewswire - Aurora, Ontario – TriOrigin Exploration Ltd. (TSXV:TOE ) is verypleased to announce that it has appointed Mark Santarossa CPA, CA, MBAas President of Tri Origin.
“We are delighted to have Mark join our seniormanagement team” said Robert Valliant, Chairman of Tri Origin,“Mark has spent many years working in finance and corporatedevelopment with major brokerage firms as well as junior goldexploration companies and is well known to the resource investmentindustry. Coupled with recent additions to the board and managementand our most recent financing Tri Origin continues to position itselfto bear out the value of its gold exploration assets.”
Mark Santarossa commented: "I’m excited to workwith Tri Origin’s proven exploration and finance team as we advancethe Company’s excellent portfolio of under-explored gold projects inOntario. Tri Origin’s gold properties are located in world classgold camps with the potential to define tier 1 gold deposits. Thegoal, as always, is to create shareholder value through drilldiscovery. Our initial focus will be to complete a meaningful drillprogram at Sky Lake where we expect to commence drilling shortly.“
Mr. Santarossa brings over 15 years of miningexperience in various corporate, capital markets and investmentbanking roles. He is currently the Vice President of CorporateDevelopment for Aurion Resources Ltd. and was previously the ChiefFinancial Officer and Vice President of Corporate Development for GTGold Corp. Prior to joining Aurion, he was a Director at OriginMerchant Partners, Canada’s largest independent Mergers andAcquisitions advisory firm based in Toronto. Mark has deep capitalmarkets experience, having worked at both bank-owned and independentCanadian investment dealers, devoting much of his career to theresource sector. Over his long career, Mark has built numerousinstitutional buy-side and corporate relationships.
Mr. Santarossa holds an MBA from the Schulich School ofBusiness and a Chartered Professional Accountant designation.
Pursuant to Tri Origin’s stock option plan, Mr.Santarossa has been issued 500,000 stock options priced at $0.22exercisable for five (5) years with service based vesting provisions.
About Tri Origin ExplorationLtd.
Tri Origin is a well-funded exploration company drivenby value generation through drill discovery. Tri Origin plans toconduct a drill program at its Sky Lake Gold Project in the firstquarter of 2021. The Company has 48,991,685 shares outstanding with astrong portfolio of gold projects in Canada. Tri Origin ExplorationLtd. trades on the TSX Venture Exchange under the symbol TOE.
On behalf of the Board of Directors,
Andrew Thomson, CEO
Tel: (905) 727-1779 Email: invest@triorigin.com
or visit www.triorigin.com
Forward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to, the intention to complete the Offering and the expectedexpenditure of the proceeds of the Offering, the Company’sobjectives, goals or future plans, statements, exploration results,potential mineralization, the estimation of mineral resources,exploration and mine development plans, timing of the commencement ofoperations and estimates of market conditions. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to, the Company’s abilityto obtain all approvals required in connection with the Offering andsuccessfully complete the Offering, 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 convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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