Enduro Announces Appointment of New President
Enduro Announces Appointment of New
President
Kelowna, British Columbia--(Newsfile Corp. - November 15, 2022) -
Enduro Metals Corporation
(TSXV:
ENDR
) (OTCQB:
ENDMF
)
(
FSE: SOG
) ("
Enduro Metals
" or the "
Company
") is pleased to
announce that its Board of Directors has appointed William Slack as President.
Mr. Slack will
commence in the role with immediate effect.
Cole Evans, CEO & Director, commented, "
We are delighted to welcome Will to Enduro Metals'
executive team.
His comprehensive understanding of Enduro Metals and the project and his
experience in equity capital markets will be an invaluable asset to the existing team as we continue to
highlight the significance of our newly discovered Copper Gold Porphyry system at Burgundy Ridge.
Will will be focused on the development of Enduro's capital markets initiatives and ensuring that the
company is financed as we continue to deliver on the potential of our Newmont Lake Project."
About Enduro's New President
Will Slack is a co-founder of LHC Mine Finance who has been working with Enduro Metals over the last
12 months and was instrumental in the recent financing of the company.
He is an experienced corporate
financier who has worked with his business partner, Guy Wilkes, since 1997 providing advice to
entrepreneurial growth companies and raising capital for junior mining companies.
At Ocean Equities he
was responsible for establishing the firm as one of the leading natural resources brokers in London, UK,
having floated a number of companies in both the mining and Exploration & Production
sectors.
Will has
also been involved in a number of start up ventures, advising management teams on incorporation,
capital structure, acquisition of projects and the raising of capital.
Will Slack, President, commented, "
I am thrilled to be joining Enduro Metals and working closely with
Cole and his team to achieve the Company's strategic goals. The Newmont Lake Project is an
impressive land package in a world-class jurisdiction and I am excited to be a part of its development.
I'm looking forward to working with an outstanding technical and entrepreneurial management team.
"
Equity Incentive Grants
The Company also announces that it has granted 1,500,000 incentive stock options to Mr. Slack. The
options have an exercise price of $0.17 per share and will expire on November 15, 2027. The Company
also proposes to grant Mr. Slack up to an aggregate of 500,000 restricted share units ("
RSUs
"). The
option and RSU grants remain subject to the approval of the TSX Venture Exchange and, if approved,
will be governed in accordance with the terms of the Company's Equity Incentive Plan, assuming such
plan is approved by the Company's shareholders at the Company's annual and special meeting to be
held on December 5, 2022.
About Enduro Metals
Enduro Metals is an exploration company focused on it's flagship Newmont Lake Project; a total 688km2
property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British
Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined 4
deposit environments of interest across the Newmont Lake Project including high-grade
epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at
Burgundy & 72 Zones, encouraging porphyry-style alteration typical of alkalic copper-gold porphyry
systems at North Toe, and a large 9km x 4km geochemical anomaly hosting various gold, silver, copper,
zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"
Cole Evans
"
CEO, Director
For further information please contact:
Ali Wasiliew - Manager of Communications
Tel: + (236) 420-4050
Sean Kingsley - Director of Communications
Tel: +1 (604) 440-8474
Email:
https://www.endurometals.com
As a continued effort to keep investors, interested parties and stakeholders updated, we have several
communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram)
feel free to send direct messages or a post and include the hashtag
#askENDR
.
To book a one-on-one 30-minute Zoom video call directly click here:
https://endurometals.youcanbook.me
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements".
Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Enduro's actual results, performance or achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed or implied by such forward-looking
statements. 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.
Although Enduro believes the forward-looking information contained in this news release is reasonable
based on information available on the date hereof, by their nature forward-looking statements involve
assumptions, known and unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the
company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely upon this
information as of any other date. While the company may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/144230