Metal Energy Appoints Kevin Canario to CFO
Metal Energy Appoints Kevin Canario to CFO
TORONTO
,
Dec. 20, 2021
/CNW/ - Metal Energy Corp. ("
Metal Energy
" or the "
Company
")
(TSXV: MERG) is pleased to announce that
Kevin Canario
has been appointed the Company's Chief
Financial Officer. Most recently, he was Corporate Controller of Battle North Gold Corporation
where he was instrumental in the eventual sale of the Bateman Gold project. Prior to this, Mr.
Canario was the CFO of INV Metals Inc. and worked at PricewaterhouseCoopers LLP for 5 years
within the mining assurance practice managing audits for a variety of publicly listed clients ranging
from small exploration to large multi-asset operations. Mr. Canario holds a CPA, CA and Honours
Bachelor of Commerce from
McMaster University
,
Canada
.
Metal Energy and the Ore Group would also like to announce the retirement of
Jeff Potwarka
, the
Company's outgoing CFO. The entire Ore Group team thanks Mr. Potwarka for his dedication and
many years of service to the team and Company's shareholders and wishes him the best in his
future endeavours.
The Company also announces that in accordance with its stock option plan, it has granted a total of
450,000 incentive options to officers, directors, and consultants of the Company, at an option price
of
$0.20
per share, exercisable for a period of five years from the date of issue.
About Metal Energy Corp.
Metal Energy is a well-funded Nickel and battery metal exploration company with two projects,
Manibridge and Strange, in the politically stable jurisdictions of
Manitoba
and
Ontario, Canada
,
respectively. Both projects are subject to earn-in agreements where the Company can acquire 100%
exploration rights to approximately 16,200 hectares.
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 statements
Except for the statements of historical fact, this news release contains "forward-looking
information" within the meaning of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news release. "Forward-looking
information" in this news release includes information about the Company's expectations regarding
future operations and other forward-looking information. Factors that could cause actual results to
differ materially from those described in such forward-looking information include, but are not
limited to, the application of the proceeds of the Offering as anticipated by management and the
inability to obtain the necessary TSX Venture Exchange approval to complete the Offering. The
forward-looking information in this news release reflects the current expectations, assumptions
and/or beliefs of the Company based on information currently available to the Company. In
connection with the forward-looking information contained in this news release, the Company has
made assumptions about the Company's ability to close the Offering, that the Company's financial
condition and development plans do not change as a result of unforeseen events, and that the
Company will receive all required regulatory approvals, TSX Venture Exchange approval, for the
Offering.
Although the Company believes that the assumptions inherent in the forward-looking information
are reasonable, forward-looking information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information due to the inherent uncertainty
therein. The Company does not assume any obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those reflected in the forward-looking
statements, unless and until required by applicable securities laws. Additional information
identifying risks and uncertainties is contained in the Company's filings with the Canadian
securities regulators, which filings are available at
www.sedar.com
SOURCE
Metal Energy
View original content:
http://www.newswire.ca/en/releases/archive/December2021/20/c3760.html
%SEDAR: 00051725E
For further information:
James Sykes, Chief Executive Officer, [email protected],
306-221-8717, www.metalenergy.ca
CO: Metal Energy
CNW 16:00e 20-DEC-21