Morien Announces Appointment of Beau White to its Board and Grant of Stock Options
26 Maio 2023 - 9:00AM
Morien Resources Corp. ("
Morien"
or the "
Company") (TSX-V:MOX), announced today the
appointment of Ms. Beau White to the Company’s Board of Directors
(the “Board”). Morien also granted stock options to
directors and officers of the Company pursuant to its incentive
stock option plan.
Board Appointment
Beau White brings significant experience in
finance and accounting in both the public and private company
sectors. Ms. White currently serves as the Director of Treasury and
Finance at Sandstorm Gold Royalties (TSX:SSL; NYSE:SAND), a
multi-billion dollar company with a portfolio of hundreds of stream
and royalty assets. Previously, Ms. White was an Audit and
Assurance Manager for PwC Canada, specialising in the Financial
Services industry. Beau is a Chartered Professional Accountant
(CPA, CA) and a Chartered Financial Analyst (CFA) Charterholder.
She holds a Bachelor of Commerce degree in Management and a
Bachelor of Science degree in Economics from the University of
Victoria, British Columbia.
Issue of Options
The Company announced today that pursuant to its
incentive stock option plan, it granted a total of 2.15 million
options (“Options”) to seven individuals, being directors and
officers of the Company. The Options are exercisable for one common
share of the Company until May 25, 2028 at an exercise price of
$0.60.
About Morien
Morien is a Canada based, mining development
company that holds royalty interests in two tidewater accessed
projects. The Donkin Coal Mine re-commenced production
during the third quarter of 2022 and royalties to Morien have
commenced. The Black Point Aggregate Project is permitted, and
although production has not begun, Morien is receiving advanced
minimum royalty payments on a quarterly basis. Morien’s management
team exercises ruthless discipline in managing both the assets and
liabilities of the Company. The Company’s management and its Board
of Directors consider shareholder returns to be paramount over
corporate size, number or scale of assets and industry recognition.
The Company has 51,397,000 issued and outstanding common shares and
a fully diluted position of 54,297,000 after taking into
consideration the newly issued share options. Further information
is available at www.MorienRes.com.
Forward-Looking Statements
Some of the statements in this news release may
constitute "forward-looking information" as defined under
applicable securities laws. These statements reflect Morien's
current expectations of future revenues and business prospects and
opportunities and are based on information currently available to
Morien. Morien cautions that actual performance will be affected by
a number of factors, many of which are beyond its control, and that
future events and results may vary substantially from what Morien
currently foresees. Factors that could cause actual results to
differ materially from those in forward-looking statements include
risks and uncertainties described in documents filed by Morien with
the Canadian securities regulators on SEDAR (www.sedar.com) from
time to time. Morien cautions that its royalty revenue will be
based on production by third party property owners and operators
who will be responsible for determining the manner and timing for
the properties forming part of Morien’s royalty portfolio. These
third party owners and operators are also subject to risk factors
that could cause actual results to differ materially from those
predicted herein including: volatility in financial markets or
general economic conditions; capital requirements and the need for
additional financing; fluctuations in the rates of exchange for the
currencies of Canada and the United States; prices for commodities
including coal and aggregate; unanticipated changes in production,
mineral reserves and mineral resources, metallurgical recoveries
and/or exploration results; changes in regulations and
unpredictable political or economic developments; loss of key
personnel; labour disputes; and ineffective title to mineral claims
or property. There are other business risks and hazards associated
with mineral exploration, development and mining. Although Morien
believes that the forward-looking information contained herein is
based on reasonable assumptions (including assumptions relating to
economic, market and political conditions, the Company’s working
capital requirements and the accuracy of information supplied by
the operators of the properties in which the Company has a royalty
interest), readers cannot be assured that actual results will be
consistent with such statements. Morien expressly disclaims any
intention or obligation to update or revise any forward-looking
information in this news release, whether as a result of new
information, events or otherwise, except in accordance with
applicable securities laws. All dollar values discussed herein are
in Canadian dollars. Any financial outlook or future-oriented
financial information in this news release, as defined by
applicable securities laws, has been approved by management of
Morien as of the date of this news release. Such financial outlook
or future-oriented financial information is provided for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that such outlook or information should not be used for
purposes other than for which it is disclosed in this news
release.
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.
For more information, please
contact:
Dawson Brisco, President & CEOPhone: (902)
403-3149dbrisco@MorienRes.comorJohn P.A. Budreski, Executive
ChairmanPhone: (416) 930-0914 www.MorienRes.com
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