Lucky Appoints New Board Member, Grants Incentive Stock Options
VANCOUVER, BC / ACCESSWIRE / October 1, 2021 /Lucky Minerals Inc. (TSXV: LKY) (OTC ROSE: LKMNF) (FRA: LKY) “Fortunate“or the”Society“) is pleased to announce the appointment of a new independent director, Mr. Roy McDowall.
Mr. McDowall is a financial markets professional with over 25 years of experience with Canadian investment firms and bank-owned investment firms, and most recently served as Managing Director, Head of Sales for shares for Macquarie Capital Markets Canada. He has also held similar positions at Credit Suisse, CIBC World Markets, Orion Securities and National Bank Financial. Mr. McDowall is currently Head of Investor Relations and Communications at Turquoise Hill Resources Ltd., a Montreal-based mining company focused on the operation and development of the Oyu Tolgoi copper and gold mine in Mongolia.
FranÃ§ois Perron, President and CEO declared: “We are extremely pleased to add Roy’s expertise to our team at this very important stage of exploration.”
The Company also announces that, subject to regulatory approval, it has granted stock options to acquire a total of 7,755,000 common shares to the directors, officers, employees and consultants of the Company. Stock options, which are subject to the terms of the Company’s stock option plan, may be exercised until October 1, 2026 to acquire common shares at a price of $ 0.10. CA action.
In addition, subject to regulatory approval and in accordance with TSX Venture Exchange Policy 4.3, the Company has entered into debt restructuring service share agreements under which it will issue a total of 1,500,000 common shares for services totaling C $ 150,000. .
Lucky is an exploration and development company targeting large-scale mining systems in proven districts with the potential to host world-class deposits. Lucky owns a 100% interest in the Fortuna property.
The Company’s Fortuna project comprises twelve contiguous projects of 550 km2 (55,000 hectares or 136,000 acres) of exploration concessions. Fortuna is located in a very promising, but under-explored gold belt in southern Ecuador.
Covid-19 security protocols
Lucky has strict rules in place for all workers arriving and leaving the field sites. All staff are tested on arrival and departure and are tested every two weeks. All staff are housed in separate, private accommodation and are isolated from the community.
ON BEHALF OF THE BOARD
President and CEO
Further information on Lucky is available on the Company’s website at www.luckyminerals.com and at www.sedar.com, or by contacting FranÃ§ois Perron, President and Chief Executive Officer, by email at [email protected] or by phone at (866) 924 6484.
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.
Caution regarding adjacent properties and forward-looking information
This press release contains forward-looking statements relating to the Company’s future operations and other statements which are not historical facts. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. These factors include, but are not limited to: uncertainties associated with exploration and development; the ability to raise sufficient capital to finance exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other legal, regulatory, political and competitive developments; technological or operational difficulties or the inability to obtain permits encountered in the course of exploration activities; and labor relations. This list is not exhaustive of the factors that may affect the Company’s forward-looking information. Important factors that could cause actual results to differ materially from the Company’s expectations also include the risks detailed from time to time in documents filed by the Company with securities regulatory authorities.
The reader is cautioned that the assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those expected, due to many known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on forward-looking information. This information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will not publicly update or revise any of the forward-looking statements included, unless Canadian securities law so requires. required.
THE SOURCE: Lucky Minerals Inc.
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