Fortune Bay Appoints Dale Verran as Chief Executive Officer
Fortune Bay Appoints Dale Verran as Chief
Executive Officer
HALIFAX
,
May 14, 2020
/CNW/ - Fortune Bay Corp. (TSXV: FOR) ("
Fortune Bay
" or the
"
Company
") today announces the appointment of Mr.
Dale Verran
as its new Chief Executive
Officer effective
June 15
, 2020. Mr. Verran has over twenty years of experience in the mining and
mineral exploration industry in
Canada
and internationally, including fifteen years in executive
management roles at private and public companies.
Mr.
Wade Dawe
will step down as Chief Executive Officer and will continue with the Company as
Chairman. Mr. Dawe has led Fortune Bay and its predecessor companies through a number of
value enhancing transactions since 2003 and will continue to provide leadership through his position
as Chairman.
"Dale is a recognized business and technical leader with a proven track-record of project generation,
discovery and advancement", said
Wade Dawe
, outgoing Chief Executive Officer and Chairman.
"We are pleased to welcome Dale as CEO of Fortune Bay. The Company is well positioned to
enhance shareholder value as it advances the Goldfields and Ixhuatán projects."
Mr. Verran currently serves as Vice President, Exploration for Denison Mines Corp., with uranium
exploration and development projects in
Canada
. Mr. Verran previously served as Executive
Technical Director for a large independent exploration group operating in
Africa
and as Exploration
Manager for a private prospect generator company with a multi-commodity portfolio of projects in
Africa
.
"I'm looking forward to leading Fortune Bay as CEO and developing an exploration and operational
plan to advance the Company's projects, while also focusing on strategic opportunities and business
development activities." said Mr. Verran.
About Fortune Bay
Fortune Bay is in the business of resource property exploration and owns 100% interests in two
properties: the Goldfields Project, located in
Saskatchewan, Canada
and the Ixhuatán Project
located in the Chiapas State of Mexico.
Cautionary and Forward
Looking Statements
Except for the statements of historical fact contained herein, certain information presented
constitutes "forward-looking information" within the meaning of applicable Canadian securities laws.
Such forward-looking information, includes, but is not limited to the impact to the Company going
forward and its ability to advance its resource projects. While such forward-looking statements are
expressed by Fortune Bay, as stated in this release, in good faith and believed by Fortune Bay to
have a reasonable basis, they are subject to important risks and uncertainties. As a result of these
risks and uncertainties, the events predicted in these forward-looking statements may differ
materially from actual results or events. These forward-looking statements are not guarantees of
future performance, given that they involve risks and uncertainties. Fortune Bay does not undertake
any obligation to release publicly revisions to any forward-looking statement, except as may be
required under applicable securities laws. Investors should not assume that any lack of update to a
previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued
reliance on forward-looking statements is at investors' own risk.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Fortune Bay Corp.
View original content:
http://www.newswire.ca/en/releases/archive/May2020/14/c6163.html
%SEDAR: 00039152E
For further information:
Sarah Oliver, CFO, Fortune Bay Corp., 2001-1969 Upper Water Street,
Halifax, NS, B3J 3R7, T: 902-422-1421, E: [email protected]
CO: Fortune Bay Corp.
CNW 08:00e 14-MAY-20