Voleo (Intrepid Metals) Hires Experienced Mining Executive as Chief Executive Officer
NEWS RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR RELEASE TO U.S. NEWSWIRE SERVICES
Voleo (Intrepid Metals) Hires Experienced Mining Executive as Chief Executive Officer
January 18, 2022
VANCOUVER, CANADA , Voleo Trading Systems Inc. (TRAD: TSX-V) (“the Company” ”) (to be
renamed Intrepid Metals Corp.) is pleased to announce that it has hired Mr. Ken Brophy to become its
Chief Executive Officer effective on the closing of the previously announced change of business
transaction and acquisition of the Tombstone South Property (the “Transaction”).
Mr. Brophy's career comprises over twenty-five years of experience in the natural resources sector,
focused primarily on advancing and de-risking development-stage projects. Ken is an experienced
executive with a successful track record of project management, building and leading teams, and has
many years of experience with Environmental Social Governance (ESG) initiatives, such as Indigenous,
government and stakeholder relations. Ken is currently president of Ram River Coal Corp., a private
Canadian company supported by the Lundin Group and CD Capital, with a steel-making coal project
located in Alberta, Canada. He also serves as interim CFO and a director for Supernova Metals Corp, a
CSE listed junior exploration company with assets in Canada and the US.
Mark Morabito, Chairman of the Company commented: “Ken’s extensive financial, operational and
environmental/social responsibility experience will be of great benefit to the Company as it begins
exploration on its portfolio of properties, including the Tombstone South Property. Ken is an experienced
operator and will lead a solid execution plan to demonstrate the potential of the properties."
Ken Brophy commented: “I look forward to working with the exceptional technical team and advisors of
the Company to enhance the value of the current projects, while evaluating additional opportunities in the
US.”
Update on Change of Business Transaction
As previously announced, the Company has received conditional approval for the Transaction. The only
material condition outstanding to complete the Transaction is the closing of the concurrent financing (the
“Offering”). The Company has amended the terms of the Offering such that it will raise up to a total of
C$3,000,000 consisting of 15,000,000 units (the “ Units”) at a price of C$0.20 per Unit. Each Unit will
consist of one common share and one common share purchase warrant (each whole warrant, a
“Warrant”). Each Warrant shall be exercisable to acquire one common share for a period of 24 months
at an exercise price equal to C$0.40. The Company is in the process of completing the Offering and
expects it will be completed before the end of February 2022.
This news release does not constitute an offer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the Unites States
Securities Act of 1933, as amended, and such securities may not be offered or sold within the
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United States absent U.S. registration or an applicable exemption from U.S. registration
requirements.
Additional Information
Trading in the common shares of the Company on the Exchange will remain halted until such times as
the requirements of the Exchange are met.
Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction
cannot close until the required shareholder approval is obtained. There can be no assurance that the
transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any information released or received with
respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in
the securities of Voleo Trading Systems Inc. should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this news release.
About Voleo Trading Systems Inc./Intrepid Metals Corp.
For more information on the Company please visit www.intrepidmetals.com
ON BEHALF OF THE VOLEO BOARD
“Mark Morabito”
Chair
For further information please contact:
Investor Relations
+1-604-681-8030
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein
as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: (i)
removal of conditions relating to the completion of the Transaction; (ii) completion of the Offering; and (iii) receipt of TSXV approval of the
Transaction.
All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "budget", "plan", "estimate", "expect", "forecast", "may", "will", "project", "potential",
"intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes
the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove
to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements
speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case
may be.
With respect to forward-looking statements contained in this release, Voleo has made assumptions regarding, among other thing: the accuracy,
reliability and applicability of Voleo’s business model; the impact of COVID-19 on Voleo’s operations; the ability of Voleo to implement its business
plan as intended; the legislative and regulatory environments of the jurisdictions where Voleo carries on business; the impact of competition;
and the availability of financing to execute the business plan. Voleo has included the above summary of assumptions and risks related to forward-
looking statements provided in this release in order to provide investors with a more complete perspective on Voleo’s current and future
operations and such information may not be appropriate for other purposes.
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Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking
statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and
unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change
from those expressed or implied in the forward-looking statements or information as a result of various factors. Except as required by applicable
securities laws, Voleo is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements
after the date of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.