Comstock Announces Board Resignation and Appointment
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/11/17 -- Comstock Metals Ltd. (TSX VENTURE: CSL) ("CSL" or the "Company") announced today that Mr. Jefferson Gregory has resigned as a member of the Company''s board of directors for personal reasons. The board of directors has appointed Mr. Robert Luffman to fill the vacancy left by Mr. Gregory. Mr. Luffman is a Canadian CPA, CMA (certified management accountant), who has close to 30 years of financial experience in a variety of businesses and charitable endeavors. Mr. Luffman currently serves as the Chief Financial Officer of Gracetree Investments, LLC, a family office in Bristol, Tennessee.
In connection with the resignation the 300,000 options granted to Mr. Gregory in his capacity as a director have been cancelled and 300,000 options have been granted to Mr. Luffman. Each option is exercisable into one common share at an exercise price of $0.195 at any time on or before the fifth anniversary of its issuance.
About Comstock Metals Ltd.
Comstock Metals Ltd. is a Canadian-focussed mineral exploration company with two 100% owned resource-stage gold projects.
Additional Assets: Comstock also owns the early stage Old Cabin gold project in Ontario and uranium claims in the Patterson Lake area of Saskatchewan and has optioned out its Corona property in Mexico (see Comstock''s news release dated January 28, 2016).
David A. Terry, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this news release.
Forward Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. The assumptions on which the forward looking statements contained herein rely include the ability to complete the proposed financing. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Neither 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.
Contacts:
Comstock Metals Ltd.
David A Terry, Ph.D., P.Geo.
President, CEO and Director
(604) 639-4533
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Datum: 11.03.2017 - 22:00 Uhr
Sprache: Deutsch
News-ID 1492026
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Mining & Metals
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