VANCOUVER, BC / ACCESSWIRE / July 28, 2017 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE: CBK) announces that it has appointed Gavin C. Dirom as an independent director.
Mr. Dirom has over 25 years of experience in the Canadian mineral exploration and mining industry, with a focus on government and stakeholder relations and environmental management. Mr. Dirom worked in progressively more senior roles in the industry for a number of exploration and mining companies and as President and CEO of the Association for Mineral Exploration (AME) from 2008 to 2017, Mr. Dirom provided executive leadership to AME's Board of Directors and represented over 400 corporate and 4,000 individual members with interests in mineral exploration and development.
Before AME, Mr. Dirom held the role of Vice President, Environment, Health and Safety at the Mining Association of British Columbia (MABC). Prior to MABC, he served as Senior Policy Advisor with Natural Resources Canada on permitting, environmental assessment and federal regulatory process issues facing mineral exploration and mining projects in western Canada.
Mr. Dirom holds a M.Sc. degree in Environmental Management from Royal Roads University, a B.Sc. in Physical Geography and Environmental Science from the University of Victoria and he is also a registered Professional Agrologist (P.Ag.) in the Province of British Columbia. His M.Sc. thesis and hydrogeology-related research of the Lynx underground mine on Vancouver Island was undertaken with the Geological Survey of Canada.
"Gavin is a great addition to CopperBank's board and we look forward to him contributing to our company's exciting growth opportunities and strategic plans for the future," commented Gianni Kovacevic, Executive Chairman of CopperBank. "His extensive network and diverse professional experience in exploration, mining and natural resource development will dovetail well with the team we have assembled, " concluded Kovacevic.
The Company also announces that it has granted an aggregate of 650,000 incentive stock options (the "Options"), with an exercise price of $0.13, to a director and consultant of the Company. The Options can be exercised for a period of five years from the date of grant, are subject to the policies of the Canadian Securities Exchange and contain vesting provisions whereby 25% of the Options vest immediately with an additional 25% vesting every six months thereafter.
Shareholders are encouraged to visit the Company's website for further details and biographies of each individual of CopperBank's team. www.copperbankcorp.com
On behalf of CopperBank Resources Corp.
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Certain information in this release may constitute "forward-looking information" under applicable securities laws and necessarily involve risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and CopperBank does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by the use of words such as 'plans', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' or the negative of these terms or comparable terminology. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Company's ongoing review of its existing portfolio, the involvement of CopperBank in any potential divestiture, spin-out, partnership or other transactions involving the Company's portfolio assets, and the ability of the Company to complete any such transactions, the ability of CopperBank to enter into transactions that will ultimately enhance shareholder value, and the anticipated issuance of one million shares in connection with the satisfaction of certain loans between CopperBank and management. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to the Company's ability to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking information. Such factors include, but are not limited to, the risk that the Company will not be able to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. Although CopperBank has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. For more information on CopperBank and the risks and challenges of its businesses, investors should review the continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.
SOURCE: CopperBank Resources Corp.