VANCOUVER, BC, June 30, 2021 /CNW/ - Eminent Gold Corp.
(TSXV: EMNT) (the "Company" or "Eminent") is pleased to announce
that it has appointed Michael
Kosowan to its Board of Directors. Mr. Kosowan is an
industry expert with over 20 years of experience in the junior
mining sector and currently serves as the President, CEO, and
Director of Torq Resources Inc. (TSX-V: TORQ). He has also led
mining investment and financings in both the USA and Canada through his work with Sprott Private
Wealth and Sprott Global Resources Inc. Mr. Kosowan has also worked
as a project Engineer for several historical top-tier Canadian
mining companies such as Placer Dome, Falconbridge and Inco, and as an Exploration
Manager for Atapa Minerals in Indonesia and Peru. He holds a Master of Applied Science
degree in addition to being a mining engineer (P.Eng.).
Paul Sun, President and CEO of
the Company commented:
"We are honoured to have Michael
join our board as he is a seasoned mining and investment
professional with over 20 years in our industry. He brings
experience in corporate and business development along with a deep
rolodex of contacts in the investment community. We look forward to
Michael's significant contribution to Eminent's goal of locating
world class discoveries in Nevada.
At this time, I would also like to thank Hani Zabaneh for his
involvement as a long standing director and for his part in the
formation of Eminent Gold."
Mr. Kosowan commented:
"It is a privilege to accept
this appointment to the Board of Eminent Gold Corp and I look
forward to using my experience and expertise in guiding and
advising on all aspects of steering the company towards its
goal. I am impressed with the company's progressive and
innovative ideas and their exceptional ability to apply this new
information and novel exploration techniques to previously
overlooked targets. This all bodes well for their existing
holdings and future exploration in Nevada."
Eminent also announces that Hani Zabaneh is stepping down from
the Board of Directors effective June 30,
2021 but will remain a consultant to the Company. Eminent
would like to thank Hani for his service as a valued board member
since 2015.
In connection with Mr. Kosowan's appointment, the Company has
granted 150,000 incentive stock options to Mr. Kosowan at
$0.95 per share, exercisable for a
period of 5 years. The stock options will vest immediately and
are subject to the terms of the Company's Stock Option Plan and any
necessary regulatory approvals.
All scientific and technical information in this news release
has been prepared by, or approved by Justin
Milliard, PGeo. Mr. Milliard is a qualified person for the
purposes of National Instrument 43-101 - Standards of Disclosure
for Mineral Projects. The information is provided by data received
from Orogen and by check samples performed by Company
personnel. It should be noted that the Company
believes that all of the information it has received is reliable;
however, the Company's qualified person has not conducted
sufficient verification procedures to confirmethe
results.
On behalf of the Board of Directors,
"Paul Sun"
CEO and Director
About Eminent Gold
Eminent Gold is a gold exploration company focused on creating
shareholder value through the exploration and discovery of
world-class gold deposits in Nevada. Its multidisciplinary team has had
multiple successes in gold discoveries and brings expertise and new
ideas to the Great Basin. The Company's exploration assets in the
Great Basin include: Hot Springs Range Project, Weepah,
Gilbert South, and Spanish Moon
District.
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.
This news release contains certain statements that may be
deemed "forward-looking statements" with respect to the Company
within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements made in this news release include the
Company's goals and plans, the anticipated contributions of its
directors including the anticipated impact of the addition of Mr
Kosowan to the Board on the Company's ability to obtain
financing. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, including the assumption that the Company's
exploration efforts and methods will identify minerals of interest
on the Company's properties, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, the Company's ability to raise
sufficient capital to fund its obligations under its property
agreements going forward, to maintain its mineral tenures and
concessions in good standing, to explore and develop the Company's
projects or its other projects, to repay its debt and for general
working capital purposes; changes in economic conditions or
financial markets; the inherent hazards associates with mineral
exploration and mining operations, future prices of gold, silver
and other metals, changes in general economic conditions, accuracy
of mineral resource and reserve estimates, the ability of the
Company to obtain the necessary permits and consents required to
explore, drill and develop the Company's projects and if obtained,
to obtain such permits and consents in a timely fashion relative to
the Company's plans and business objectives for the projects; the
general ability of the Company to monetize its mineral resources;
and changes in environmental and other laws or regulations that
could have an impact on the Company's operations, compliance with
environmental laws and regulations, aboriginal title claims and
rights to consultation and accommodation, dependence on key
management personnel and general competition in the mining
industry. Forward-looking statements are based on the reasonable
beliefs, estimates and opinions of the Company's management on the
date the statements are made. Except as required by law, the
Company undertakes no obligation to update these forward looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
SOURCE Eminent Gold Corp.