Regency GOLD Announces Appointment of Nathani and Stecyk as Directors Regency GOLD to Defend Notice of Civil Claim
LEGAL_31656177.1 Suite 1703, Three Bentall Centre, 595 Burrard Street Vancouver, BC, V7X 1J1
REGENCY GOLD CORP.
NEWS RELEASE
REGENCY GOLD ANNOUNCES APPOINTMENT
OF NATHANI AND STECYK AS DIRECTORS
REGENCY GOLD TO DEFEND NOTICE OF CIVIL CLAIM
Vancouver, BC, August 22, 2019 – Regency Gold Corp (“Regency” or the “Company”) (NEX:RAU.H)
announces that Mr. Aleem Nathani and Mr. Brian Stecyk have been appointed to the Company’s Board of
Directors effective immediately.
Mr. Stecyk has an extensive background in both communications a nd also corporate and political
networking and public relations. He operates a successful advertising and public relations firm that has been
operating for over 36 years. In ad dition to marketing and commu nications, Mr. Stecyk strengths include
strategic management and planning. For several years, he was a member of the Canadian Association of
Professional Speakers.
With 15+ years in Corporate & Business Development experience, Mr. Nathwani has been a part of several
early stage transformational teams with successful exits in emerging technologies, cannabis, and the capital
markets space. Most recently, Mr. Nathwani was one of the early employees at Nutanix (NASDAQ:
NTNX), pioneers in hyper-converged infrastructure & enterprise cloud, where he played key roles driving
business development. Previous to that, Mr. Nathwani held strat egic leadership roles with TELUS
Communications, in driving technology infrastructure outsourcin g deals for large enterprise customers,
helping grow their portfolio to $100M+. Mr. Nathwani holds a Ba chelor of Commerce, major in
Management Information Systems, from the Sauder School of Busin ess at the University of British
Columbia.
Concurrent with the appointments of Mr. Nathani and Mr. Stecyk, Harold Punnett and Robert Pilz have
resigned as directors of the Company in order to pursue other opportunities. The Company wishes to thank
them for their years of service and support and wish them the best in their future endeavors.
In addition, the Company reports that it as been served with a notice of civil claim (the “ Claim”) filed on
July 24, 2019 with the Supreme Court of British Columbia by Vanadium North Resources Inc. (“Vanadium
North”) naming Regency as a defendant . T h e C l a i m r e l a t e s t o t h e C o mpany’s termination (the
“Termination”) of the share exchange agreement dated February 8, 2019 (the “Agreement”), with
Vanadium North and its shareholders, pursuant to which the Company has agreed to acquire all of the issued
and outstanding common shares of Vanadium North, previously ann ounced in a news release of Regency
dated July 17, 2019. The Claim alleges that the Termination did not occur in accordance with the
Agreement.
The Company asserts that there is no basis for this allegation and will vigorously defend itself against these
allegations, and maintains that the Termination occurred in accordance with the Agreement.
The service of the Claim to the Company, notwithstanding the da te of filing, occurred after Company
provided notice on July 26, 2019 to Vanadium North that it intended to enforce its security against the loan
of $150,000 provided by Regency to Vanadium North.
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Company not proceeding with acquisition of V23
The Company announces that the non-binding letter of intent (th e “ LOI”) entered into with CellCube
Storage Systems Inc. dated December 12, 2018, previously announced in a news release of Regency dated
January 24, 2019, pursuant to which the Company would acquire V23 Resources Corp. (“V23”), had lapsed
effective April 1, 2019. The Company does not anticipate extending the LOI and is no longer pursuing the
acquisition of V23.
ON BEHALF OF THE BOARD OF DIRECTORS
“Kelsey Chin”
Kelsey Chin
Chief Financial Officer
For further information, please contact +1 604-719-5614
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.
Forward-Looking Statements
Statements contained in this news release that are not historic al facts constitute “forward-looking statements” or
“forward-looking information” within the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forw ard-looking statements include, without limitation,
possible events and statements with respect to possible events. The words “is expected” or “estimates” or variations
of such words and phrases or stat ements that certain actions, e vents or results “may” or “could” occur and similar
expressions identify forward-looking statements. Forward-looki ng statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and compet itive uncertainties and contingencies. 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 in such statements. Forward- looking statements are provided for the purpose of
providing information about management’s expectations and plans relating to the future. All of the forward-looking
statements made in this release are qualified by these cautiona ry statements and those made in our other filings with
the securities regulators in Canada. These factors are not intended to represent a complete list of the factors that could
affect the Company. Although the Company believes that the exp ectations in the forward-looking statements are
reasonable, actual results may v ary, and future results, levels of activity, performance or achievements cannot be
guaranteed.