Morien Announces Appointment of Mary Ritchie to its Board of Directors
Morien Announces Appointment of Mary Ritchie to its Board of Directors
HALIFAX, Nova Scotia, May 06, 2020 -- Morien Resources Corp. (TSX-V:MOX) ("Morien" or the " Company"), announced
today the appointment of Ms. Mary Ritchie to the Company’s Board of Directors (the “Board”).
Mary Ritchie is the President and Chief Executive Officer of Richford Holdings Ltd., an accounting and investment advisory
services firm based in Edmonton, Alberta. Ms. Ritchie has over 30 years of experience in both the public, private and not-for-
profit sectors and is a Fellow of CPA Alberta. She is a member of the board of directors and audit committees of Alaris
Royalty Corp. (TSX), EnWave Corporation (TSXV) and IPL Plastics Inc. (TSX). She has been a past director on a number of
boards, including the Canada Pension Plan Investment Board, Industrial Alliance Insurance, Financial Services Inc. (TSX), iA
Financial Corporation Inc. (TSX) and a past member of the RBC Global Asset Management’s independent oversight
committee.
Ms. Ritchie has agreed to join the Board in advance of the Company’s Annual and Special Meeting of Shareholders,
scheduled for May 20, 2020, where she was originally slated for election.
About Morien
Morien is a Canada based, mining development company that holds royalty interests in two tidewater accessed projects.
Before going on care and maintenance, the Donkin Coal Mine commenced production in 2017, and the Black Point Aggregate
Project, permitted in 2016, is progressing toward a development decision and is paying advanced minimum royalties to
Morien. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company.
The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size,
number or scale of assets and industry recognition. The Company has 52,419,114 issued and outstanding common shares
and a fully diluted position of 55,149,114. Further information is available at www.MorienRes.com.
Forward-Looking Statements
Some of the statements in this news release may constitute “forward-looking information” as defined under applicable
securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and
opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be
affected by a number of factors, many of which are beyond its control, and that future events and results may vary
substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in
forward-looking statements include risks and uncertainties described in Morien’s annual information form filed with the
Canadian Securities regulators on SEDAR (www.sedar.com) on April 26, 2016. Morien cautions that its royalty revenue will be
based on production by third party property owners and operators who will be responsible for determining the manner and
timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to
risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial
markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of
exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate;
unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration
results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes;
and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral
exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based
on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s
working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company
has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien
expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release,
whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar
values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news
release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news
release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about
management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information
should not be used for purposes other than for which it is disclosed in this news release.
Neither the 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.
For more information, please contact:
Dawson Brisco, President & CEO
Phone: (902) 403-3149
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com
TSX-V: MOX