Merida Minerals will begin trading on the TSX Venture Exchange on April 4, 2022
TinOne Resources Inc. (TSXV: TORC) (“TinOne” or the “Company”) is pleased to announce the appointments of Paul Matysek and Craig Parry to the Technical Advisory Board of the Company.
Mr. Matysek and Mr. Parry will join Dr. Stuart Smith and dr. Scott Halley to the Technical Advisory Board and will provide TinOne’s management team and Board of Directors with information and recommendations on project development and strategic objectives as the company prepares to begin fieldwork in its large pyramid and Aberfoyle tin projects in Tasmania, Australia .
“On behalf of the Board of Directors, I welcome Paul and Craig as the final members of TinOne’s Technical Advisory Board,” commented Chris Donaldson executive chairman of TinOne. “Paul and Craig each bring with them decades of project exploration and development experience and a proven track record of success in the capital markets and creation of shareholder value. The newly formed Technical Advisory Board will be a tremendous asset to TinOne as we prepare to undertake aggressive exploration programs for our Great Pyramid and Aberfoyle tin projects.”
Paul Matysek is a trained geologist/geochemist, successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry. Since 2004, as CEO or Executive Chairman, Mr. Matysek has sold six publicly traded mining exploration and development companies, with a total value of more than $2.5 billion .
More recently in June 2021 as managing director, he sold Gold X Mining Corp. to Gran Colombia Gold Corp. for more $250 million in an all-stock transaction. In March 2018 as executive chairman, he sold Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong Limited for $265 million in liquid. Earlier in July 2016 Mr. Matysek, as president and CEO, sold Goldrock Mines Corp. at Fortuna Silver Mines Inc. He was also previously CEO of Lithium One Inc., which merged with Galaxy Resources Limited from Australia to create a multi-billion dollar integrated lithium company. He was CEO of Potash One Inc., which was acquired by K+S Ag for $434 million in cash in a friendly takeover in 2011. Mr. Matysek was also co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million in 2004 at around $1.8 billion when it was sold in 2007.
Craig Parry has over 20 years in the resource sector and is co-founder and partner of Inventa Capital, a private natural resource investment firm. In addition to being a partner of Inventa Capital, Craig is the chairman of Vizsla Silver, Skeena Resources, and is a general partner of EMR Capital and a former senior advisor to the fund.
Prior to Inventa Capital, Craig was co-founder and founding director of NexGen Energy and co-founder of IsoEnergy as chairman, CEO and director until 2021. He was co-founder of Tigers Realm Group and was appointed to the Boards of Directors of Tigers Realm Minerals and Tigers Realm Metals in 2011 and appointed CEO of Tigers Realm Coal in 2012. Craig, as an exploration and business development geologist, had been responsible for the business development activities of the Tigers Realm group since its creation in 2008.
Prior to joining Tigers Realm, Craig was Head of Business Development for G-Resources Limited, Head of Mergers & Acquisitions and Senior Geologist – New Business at Oxiana Limited, responsible for strategy and business development initiatives in bulk and energy commodities . At Rio Tinto, Craig led exploration programs for iron ore, copper, diamonds, coal and bauxite in Australia , Asia and South America and served as lead geologist for the Kintyre Uranium Project pre-feasibility study. Craig holds an Honors degree in Geology and is a member of AusIMM.
Grant of stock options
The Company also announces that it has granted 175,000 incentive stock options to a director and a consultant of the Company. The incentive stock options will vest over a period of three years, have an exercise price of $0.27 per share, and are valid for a period of 5 years from the date of allocation. The options were granted under the Company’s incentive stock option plan and are subject to regulatory approval.
TinOne is a Canadian public company listed on the TSX Venture Exchange with a high quality portfolio of tin and gold projects in Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia . The Company is focused on advancing its highly prospective portfolio through aggressive exploration programs.
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 this release.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “would ”, “could”, “appendix” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the development of the Company’s projects, including drilling programs and mobilization of drilling rigs; future mineral exploration, development and production; and the completion of an inaugural drill program.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, value enhancement and capital markets profile of TinOne, future growth potential of TinOne and its business, and plans for exploration are based on management’s reasonable assumptions, estimates and expectations. , analyzes and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors which management deems relevant and reasonable in the circumstances, but which may differ turn out to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; exploration and development costs; estimated development costs of exploration projects; TinOne’s ability to operate safely and efficiently and its ability to obtain financing on reasonable terms.
These statements reflect TinOne’s respective current views regarding future events and are necessarily based on a number of other assumptions and estimates which, while considered reasonable by management, are inherently subject to significant business uncertainties and contingencies, economic, competitive, political and social. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and TinOne has made assumptions and estimates based on or related to many of these factors. These factors include, but are not limited to: the Company’s dependence on early-stage mining projects; metal price volatility; risks associated with the conduct of the Company’s mining activities in Australia ; regulatory, consent or authorization delays; risks related to dependence on the Company’s management team and external contractors; risks related to mineral resources and reserves; the Company’s inability to obtain insurance covering all risks, whether on a commercially reasonable basis or at all; currency fluctuations; risks related to the inability to generate sufficient operating cash flow; risks related to project financing and share issues; the risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and the capital and operating costs of such projects; disputes over title deeds, in particular unbuilt title deeds; environmental, health and safety laws and regulations; the ability of the communities in which the Company operates to manage and deal with the implications of COVID-19; the economic and financial implications of COVID-19 for the Company; operational or technical difficulties related to mining or development activities; employee relations, social unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate the acquired assets; the speculative nature of exploration and development, including the risks of declining quantities or grades of reserves; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for the shareholders of the Company; litigation risk; and the factors identified under “Risk Factors” in TinOne’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although TinOne has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or predicted. TinOne does not intend, and undertakes no obligation, to update any such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements or information, unless applicable law requires it. .
SOURCE TinOne Resources Inc.
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