Rover Metals announces Director Compensation
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Rover Metals announces Director Compensation
Vancouver, British Columbia – (July 30, 2020) – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(“Rover Metals” or the “Company”) announces stock options grants to certain members of its Board of Directors
and a common shares for services agreement with one of its Directors. Certain Directors of the Company will
receive 900,000 incentive stock option s, with a four year life, fully vested, and an exercise price of $0.075 per
option share. The incentive stock options have been granted from the Company’s allocated 10% rolling share option
plan approved by the shareholders of the Company at its last annual general meeting.
The Company has also appl ied to the Toronto Venture Exchange (the “TSXV”) to seek approval of a common
shares for services agreement with Louis Covello, for $2,500 per month in Director services for a one -year term
(the “Covello Agreement”). The Covello Agreement is subject to app roval by the TSXV, including the per share
value of the common shares. If approved, the Company intends to make settlement of Covello Agreement on a
quarterly basis. Any future common shares issued pursuant to the Covello Agreement will be subject to the required
regulatory hold period. This is an initial press release. The Company plans to issue a further press release once it
has completed the pending conditions and provide the information prescribed by applicable policies of the TSXV
related to the Covello Agreement.
Judson Culter, CEO at Rover Metals, states “ Lou Covello, P.Geo, is a resident of Yellowknife, NT, and an
independent consulting geologist to the exploration industry. His professional experience spans more than four
decades, and includes serving as President and a Director for Aurora Geosciences and its' predecessor, Covello,
Bryan and Associates. He has worked as a professional geologist throughout Canada, and extensively in the
Northwest Territories. He is a member and past Pre sident of the NWT and Nunavut Chamber of Mines as well a
member of the NWT and Nunavut Association of Professional Engineers and Geoscientists, the Canadian Institute
of Mining, Metallurgy and Petroleum and the Geological Association of Canada.
Mr. Covello was involved in the last major drilling exploration program at the Cabin Lake gold project. He is a
key member of our technical team, and strategically based in Yellowknife, which is more important than ever given
travel restrictions in place as a result of COVID-19. The Company is focussed on advancing the Cabin Lake gold
project, and Lou’s involvement over the next year will be needed in order to make the program a success.”
About Rover Metals
Rover Metals is a precious metals exploration company specialized in North American precious metal resources,
that is currently advancing the gold potential of its existing projects.
You can follow Rover Metals on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
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for daily company updates and industry news.
https://www.rovermetals.com/
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ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Judson Culter
Email: [email protected]
Phone: (604) 449-5347
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward -looking
statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results,
performance or achievements, or developments in the industry to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward -looking statements. Forward -looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
"expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions,
or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such
statements will prove to be accurate. Actual results and future events could differ materially from those anticipated
in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to
update these forward -looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS
THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT
DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT
AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OF THIS RELEASE.