Kodiak Copper Strengthens Board with Addition of Lana Eagle
Kodiak Copper Strengthens Board with
Addition of Lana Eagle
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - Kodiak Copper Corp. (TSXV: KDK)
(OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") is pleased to announce the appointment
of Ms. Lana Eagle to the Company's Board of Directors.
Lana Eagle is an Indigenous relations strategist and a Social Innovator advising companies on how to
better engage and work with Indigenous communities. Her background is in banking, economic
development, wealth management and mineral exploration. Lana is a pioneer for Aboriginal women in
being one of the first to chair a mineral exploration company in Canada, Electra Gold Ltd. In 2017 she
was elected to the Board of the Association for Mineral Exploration (AME) BC, where she is the founder
and co-chair of AME's Gathering Place. She is a Program Advisory Committee Member for Mining and
Mineral Exploration at the BC Institute of Technology. Lana is an appointed member of BC's Indigenous
Business and Investment Council. She is a Director on the Board of Geoscience BC and most recently
has been elected to the board of Prospectors and Developers Association of Canada. Lana is a sought-
after speaker and lecturer on the topic of Indigenous engagement and reconciliation in Canada, as well
as diversity and inclusion. She is a member of the Whitecap Dakota First Nation in Saskatchewan.
Claudia Tornquist, President and CEO of Kodiak said, "I am delighted to welcome Lana to Kodiak's
Board and am genuinely looking forward to working with her.
Lana's impressive background combines
business experience with in-depth involvement and thought leadership in Indigenous relations. I have no
doubt that she will bring valuable perspectives to Kodiak's Board and help formulate and execute a well-
rounded strategy that will truly benefit our shareholders."
Kodiak has also granted 75,000 stock options to a director and a consultant of the Company,
exercisable at C$1.20 per share. 25,000 options will be exercisable for a period of one year and 50,000
for five years.
Further, Kodiak has retained, subject to regulatory approval, Red Cloud Securities Inc. ("Red Cloud") to
provide market stabilization and liquidity services to the Company in compliance with the policies and
guidelines of the TSX Venture Exchange ("TSX-V") and other applicable legislations. Red Cloud will
trade shares of the Company on the TSX-V for the purposes of maintaining a reasonable market and
improving the liquidity of Kodiak's common shares. The Company has agreed to pay Red Cloud $5,000
per month. The agreement between Red Cloud and the Company may be terminated by either party with
written notice of 30 days.
The Company and Red Cloud act at arm's length, but Red Cloud may provide
investment banking or other services to Kodiak and Red Cloud and/or its clients may have an interest,
directly or indirectly, in the securities of Kodiak.
The agreement is principally for the purposes of
maintaining market stability and liquidity for the Company's common shares and is not a formal market
making agreement.
There are no performance factors contained in the agreement between Red Cloud
and the Company and Red Cloud will not receive any shares or options from the Company as
compensation for services it will render."
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, Corporate Development
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA.
The
Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough
in south-central British Columbia, Canada, where the Company made a discovery of high-grade
mineralization within a wide mineralized envelope in 2020.
Kodiak also holds the Mohave copper-
molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak's
porphyry projects have both been historically drilled and present known mineral discoveries with the
potential to hold large-scale deposits.
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with
Great Bear Resources.
Kodiak is also part of Discovery Group led by John Robins, one of the most
successful mining entrepreneurs in Canada.
Neither 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.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward-looking
statements within the meaning of applicable securities laws.
The use of any of the words "anticipate",
"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",
"potential" and similar expressions are intended to identify forward-looking statements.
In particular,
this press release contains forward-looking statements concerning the Company's exploration plans.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company cannot give any assurance that they will prove correct.
Since
forward-looking statements address future events and conditions, they involve inherent assumptions,
risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of assumptions, factors and risks.
These assumptions and risks include, but are not limited
to, assumptions and risks associated with conditions in the equity financing markets, and
assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward-looking
statements in this press release in order to provide readers with a more comprehensive perspective
on the Company's future operations.
The Company's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what benefits the Company will derive from
them.
These forward-looking statements are made as of the date of this press release, and, other than
as required by applicable securities laws, the Company disclaims any intent or obligation to update
publicly any forward-looking statements, whether as a result of new information, future events or results
or otherwise.
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https://www.newsfilecorp.com/release/98827