Berkwood Appoints New President and CFO
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BERKWOOD APPOINTS NEW PRESIDENT AND CFO
DATE: January 18, 2017 TSX-V SYMBOL: BKR
FSE: BR2, WKN: A110N3
Berkwood Resources Ltd. (TSX-V: BKR Frankfurt - BR2, WKN: A110N3) is pleased to announce the appointment
of Thomas Yingling as President, CEO and a director, effective immediately. Mr. Yingling benefits from over 23
years experience managing publicly traded companies. He has served as President and CEO and/or a director of other
resource based public companies. During that time Mr. Yingling has specialized in Corporate finance, assisting in
raising over $75 -million, and has handled the corporate communications and strategic planning for the companies.
Mr. Yingling has built and maintained strong business relationships in North America, Europe and Asia.
Mr. Yingling stated, “I am excited for the opportunities that lie ahead for the shareholders of Berkwood Resources.
Berkwood has key projects in Quebec, cash in the bank, and an excellent share structure with a significant shareholder
base held in Europe.”
In addition, the Company has appointed Binny Jassal as Chief Financial Officer, effective immediately. Binny Jassal
brings over 20 years of accounting and management experience to the Company. Mr. Jassal is qualified as a Certified
Public Accountants (CGA) in Canada, and fellow member of Association of Chartered Certified Accountants in
London England and holds Certificate in Accounting and Finance from Ryerson University Toronto. Mr. Jassal is
currently serving as a director and/or chief financial of ficer for a number of public companies in mining sector. Mr.
Jassal will be an important member of the team working on the financial and corporate side of the operations.
David Hodge has resigned as President, CEO and a director of the Company. Ms. Jody Bellefleur has resigned as
CFO and Ms. Frances Petryshen has resigned as Corporate Secretary. The Company would like to thank all of them
for their contributions over the years.
Further to the news release dated November 24, 2016 the Company wis hes to inform shareholders that it will be
proceeding with the financing announced. The Company proposes to issue up to 10,000,000 units at $0.10 per unit
for gross proceeds of up to $1,000,000. Each unit will be comprised of one common share and one com mon share
purchase warrant, with each whole warrant exercisable into one common share at a price of $0.13 for a period of two
years from closing. All securities will be subject to a four -month hold plus one day period. A finder’s fee may be
paid in accor dance with the TSX -V policies. Proceeds of the private placement will be used to develop existing
properties, potential future acquisitions and general working capital. The closing of the private placement and the
payment of the proposed finder’s fees are subject to approval of the TSX-V.
The Company also announces that it will be granting its directors, officers, consultants and employees option
agreements to purchase up to an aggregate of 2,500,000 common shares, exercisable at $0.105 per share for five years.
The option agreements to be issued will be subject to the TSX -V four (4) month hold period and will be granted in
accordance with the Company’s Stock Option Plan.
FOR AND ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling
President, CEO and Director
TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.