VANCOUVER, BC / ACCESSWIRE / June 9, 2021 / CopperBank Resources Corp. ('CopperBank' or the 'Company') (CSE:CBK) is pleased to announce the appointment of Alan Wilson to the board of directors.
Alan is an economic geologist with thirty years' experience in the exploration for base and precious metal deposits globally, experience that has allowed him to develop a deep understanding of the critical role geology plays in assessment of ore potential at projects in all stages of development. Prior to establishing his own strategic and technical consulting business in 2019, Alan worked for a number of the worlds largest mining companies in increasingly senior technical and exploration management roles, culminating in the role of International Exploration Manager with Antofagasta plc from 2010 until 2019.
Alan obtained his PhD in Economic Geology at the University of Tasmania, Australia, in 2003, completing the first detailed geological and genetic study of the then-recently discovered Cadia alkalic gold-copper porphyry deposits of the Lachlan Fold Belt in New South Wales, Australia. This work, which is widely published, and subsequent exploration and technical evaluations of alkalic porphyry systems throughout the Lachlan Fold Belt, British Columbia and other emerging terranes globally, has established Alan as a recognized technical and exploration expert in this type of deposit. He is a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London, through which he holds Chartered Geologist accreditation.
CopperBank CEO, Gianni Kovacevic comments; 'I have known Alan since the foundation of CopperBank in 2014 and we have had a positive collaboration these past years. Alan's deep understanding of copper porphyries, and in particular, his knowledge of the internal dynamics of the largest mining companies in the world will be a tremendous benefit to CopperBank's team as we carefully assess our evolving corporate opportunities.'
The Company also announces that it has granted an aggregate of 325,000 incentive stock options (the 'Options'), with an exercise price of $0.60. 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 will vest six months from the date of grant and 25% vesting every six months thereafter.
CopperBank is a Canadian exploration mining company focused on energy related metal exploration in The United States of America. The Company trades on the Canadian Securities Exchange - CSE- under the symbol 'CBK'.
On behalf of CopperBank Resources Corp.
Advisory Regarding Forward-Looking Statements
Certain information in this release constitutes forward looking statements or information ('forward-looking statements') under applicable securities laws and necessarily involves risks and uncertainties. Forward-looking statements included herein are made as of the date of this news release and, except as required by applicable law, CopperBank does not undertake any obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Forward-looking statements relate to future events or future performance and reflect management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking statements 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 statements 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 potential future work or activities in respect of the Pyramid project or the Contact project. Although CopperBank believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information available to CopperBank. Forward-looking statements are 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 their very nature, forward-looking statements involve 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 statements. 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 statements, 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. 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.
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