Cosa Resources Appoints Darren Morgans Chief Financial Officer
Cosa Resources Appoints Darren Morgans Chief Financial Officer
Vancouver, British Columbia, February 16, 2023 – Cosa Resources Corp. (CSE: COSA) (“Cosa Resources” or the
“Company”) is pleased to announce the appointment of Darren Morgans as Chief Financial Officer , effective
immediately. Mr. Morgans assumes the role of Chief Financial Officer from Mr. Wes Short, who will continue to
serve the Company as a Director and Executive Vice President.
“We are very pleased to have Darren join the Cosa Resources team” , said Keith Bodnarchuk, President and CEO of
Cosa Resources. “Darren is a seasoned financial executive with over 25 years of experience in the mining sector in
Canada and Australia and has held the role of CFO for a variety of public mining companies . Darren’s skills greatly
complement the current Cosa team, and we look forward to working together on growing the company.”
Darren Morgans, a Canadian CPA and Australian CA, has been a practicing finance professional since 1995 and has
worked with Canadian and Australian publicly listed resource companies for 25 years. Mr. Morgans is currently CFO
of Velocity Minerals, a gold explorer and developer with assets in Bulgaria. Prior to Velocity, Mr. Morgans was the
CFO of Perpetua Resources Corp. (formerly Midas Gold Corp.). At Perpetua he assisted with its IPO in 2011 and
subsequently raised over $C200 million in equity, convertible debt and royalty financings, to advance the Stibnite
Gold Project from a small resource to a Feasibility Study with almost 5 million oz in reserves. Prior to joining Perpetua
in 2011, he was the Controller and Secretary for Terrane Metals Corp. prior to its acquisition by Thompson Creek
Metals. He has also worked for Place r Dome Inc. and Mount Isa Mines. Mr. Morgans began his career with PwC
after obtaining a Bachelor of Commerce from the University of Queensland.
About Cosa Resources
Cosa Resources is a Canadian mineral exploration company based in Vancouver, BC and is currently focused on the
exploration of its uranium and copper projects in northern Saskatchewan. The portfolio includes four uranium
exploration properties; Ursa, Orion, Castor and Charcoal totaling 87,800 ha in the eastern Athabasca Basin. It also
includes the Heron Project: three mineral claims approximately 180 km north of La Ronge, Saskatchewan t hat are
prospective for sedimentary-hosted copper mineralization.
The team behind Cosa Resources has a track record of success in Saskatchewan, with several decades of combined
experience in uranium exploration, discovery, and development in the province.
Contact
Keith Bodnarchuk, President and CEO
+1 888-899-2672 (COSA)
Cautionary Statements
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain “Forward‐Looking Statements” within the meaning of applicable securities laws.
When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”,
“may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or
information. These forward looking statements or information relate to, among other things: the exploration,
development, and production at the Company’s mineral projects.
Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity,
enhanced value and capital markets profile of the Company, future growth potential for the Company and its
business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience and perception of trends, current conditions
and expected developments, and other factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things,
the price of metals; no escalation in the severity of the COVID‐ 19 pandemic; costs of exploration and development;
the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective
manner.
These statements reflect the Company’s respective current views with respect to future events and are necessarily
based upon a number of other assumptions and estimates that, while considered reasonable by management, are
inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward‐
looking statements or forward ‐looking information and the Company has made assumptions and estimates based
on or related to many of these factors. Such fac tors include, without limitation: the Company's dependence on one
mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities;
regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside
contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at
all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating
to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to
properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and
safety; the ability of the communities in which the Company operates to manage and cope with the implications of
COVID‐19; the economic and financial implications of COVID‐19 to the Company; operating or technical difficulties in
connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities; the speculative nature of exploration and development; stock market
volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company;
litigation risk; and the factors identified in the Company’s public disclosure documents. Readers are cautioned against
attributing undue certainty to forward‐looking statements or forward‐looking information. Although the Company
has attempted to identify important factors that could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward‐looking statements or forward‐ looking information to reflect
changes in assumptions or changes in circumstances or any other events affecting such statements or information,
other than as required by applicable law.