Nubian Announces Formation of Australian Advisory Committee
Nubian Announces Formation of Australian
Advisory Committee
TORONTO
,
July 6, 2020
/CNW/ - Nubian Resources Ltd. (TSXV: NBR) ("Nubian" or the "Company")
is pleased to announce the formation of an Australian Advisory Committee (the "Committee") and the
first appointment to the Committee of Campbell Woskett, an Australian citizen with significant
experience in a number of sectors, including mineral resources, economic development and
professional financial services. Mr. Woskett has worked extensively in
Australia
and throughout SE
Asia. He is the founder and a director of
Destiny Gold
, a junior mining company focused on mineral
exploration in
Fiji
and other territories in the Pacific. The creation of the Committee has been
organized by Nubian to assist the Company with its anticipated activities in
Australia
as announced
by Nubian on
May 28
th
.
In other news, Nubian announces that the Company has granted, pursuant to its stock option plan, to
directors, management and consultants of the Company an aggregate of 1,600,000 stock options.
Each such stock option entitles the holder to purchase one common share of the Company at a price
of
$0.30
until
July 6, 2025
.
ABOUT NUBIAN
Nubian Resources Ltd. is a public traded precious and base metals exploration company listed on
the TSX Venture Exchange. The Company is managed by a team of experienced mining and
geological professionals. Nubian's main asset is the Esquilache Silver-Zinc Project located within the
Tintaya porphyry copper belt of southern Peru. In
May 2020
, Nubian entered into an agreement to
acquire and develop the Yandoit Gold Project in central
Victoria, Australia
.
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 Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to identify forward-looking information
and are based on Nubian's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information currently available to Nubian.
Although such statements are based on reasonable assumptions of Nubian's management, there can
be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information contained in this news release is based on certain factors and
assumptions regarding, among other things, the Company's acquisition of the Yandoit Gold Project
and other similar matters. While Nubian considers these assumptions to be reasonable based on
information currently available to them, they may prove to be incorrect. Forward looking information
involves known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking information. Such factors include risks
inherent in the exploration and development of mineral deposits, including risks relating to changes in
project parameters as plans continue to be redefined, risks relating to variations in grade or
recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply
of minerals, risks related to the COVID-19 pandemic and current global financial conditions,
increased competition, access and supply risks, reliance on key personnel, operational risks
regulatory risks, including risks relating to the acquisition of the necessary licenses and permits,
financing, capitalization and liquidity risks, title and environmental risks and risks relating to delay or
failure to satisfy the closing conditions to the Yandoit Gold Project acquisition.
The forward-looking information contained in this release is made as of the date hereof, and Nubian
is not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained herein, investors should not place
undue reliance on forward-looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.
SOURCE
Nubian Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/July2020/06/c7063.html
%SEDAR: 00024798E
For further information:
please contact Martin Walter, Chief Executive Officer, Nubian Resources
Ltd., at +1-416-389-5692 or [email protected].
CO: Nubian Resources Ltd.
CNW 08:40e 06-JUL-20