Raindrop Ventures Inc. Announces Key Executive Management Changes and Grant of Stock Options
Raindrop Ventures Inc. Announces Key
Executive Management Changes and Grant of
Stock Options
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2021) -
Raindrop Ventures Inc. (CSE:
RAYN) (FSE: RV0)
("
Raindrop
" or the "
Company
") is pleased to announce the appointment of
Alexander Kunz as President and Chief Executive Officer of the Company, replacing Saf Dhillon who will
continue as Corporate Secretary.
Both Mr. Kunz and Mr. Dhillon remain members of the Company's
board of directors. The Company is also pleased to announce that G. Peter Parsley has been appointed
Vice President - Exploration.
Mr. Kunz is a founding member of and has worked over six years for Daniel Kunz & Associates, LLC., a
consulting firm specializing in natural resource development.
From 2013 through 2018, Mr. Kunz was
Director, Vice President and Chief Financial Officer for Gold Torrent, Inc., an OTC-listed development
company whose Alaskan assets were sold to a project lender in 2018.
Mr. Kunz previously practiced law
in Boise, Idaho and worked in Washington D.C. for the U.S. Dept of the Treasury.
He served as
associate legal counsel to Kenai Resources Ltd, a gold exploration company with properties in Brazil,
Oregon, Idaho and Venezuela and worked on exploration and development projects in Alaska, Bolivia,
Peru and Mexico. Mr. Kunz has a Bachelor of Science degree in Biology from Seattle University, a
Master of Science degree in management, and a Juris Doctorate from Creighton University.
Mr. Parsley is a professional geologist with over 32 years of experience in the mineral exploration
business as both an exploration geologist and a mining executive.
Mr. Parsley has been an associate at
Daniel Kunz & Associates, LLC since 2015 and prior to that served as Vice President - Exploration for
Thunder Mountain Gold. In the mid 2000s Mr. Parsley served as Chief Executive Officer of TSXV-listed
Triumph Gold Corporation and led the company through evaluation, drilling and initial economic
assessment of the Guarichie Gold deposit in Venezuela and conducted gold and silver project
evaluations throughout South America. In the 1990s, Mr. Parsley led a USMX, Inc. team that conducted
about US$6 million of exploration work in the Thunder Mountain District in Idaho and was responsible for
property evaluations in the western U.S. and the Illinois Creek Gold Project in Alaska.
Prior to working for
USMX, Inc., Mr. Parsley worked for Tenneco Minerals as Chief Geologist responsible for regional
exploration programs and mine development in the Goldstrike District in southwestern Utah and
conducted regional reconnaissance programs in Nevada. Mr. Parsley holds Bachelor of Science and
Master of Science degrees in Geology from the University of Idaho.
Raindrop also announces that, pursuant to its Stock Option Plan, it has granted stock options to certain
directors, management and consultants to purchase an aggregate of 600,000 common shares of the
Company at an exercise price of $0.20 per share for a period of 5 years from the grant date. The options
will vest 1/3 immediately as of the date of grant; 1/3 six months after the date of the grant; and 1/3 twelve
months after the date of the grant. This stock option grant is subject to acceptance by Canadian
Securities Exchange.
G. Peter Parsley, P.Geo. Idaho, is the "Qualified Person" under National Instrument 43-101 -
Standards
of Disclosure for Mineral Projects
who has reviewed and approved the technical content of this news
release.
About Clover Mtn
Clover Mtn is located on BLM land 60 miles southeast of Boise, Idaho and consists of 43 unpatented
claims totaling 350 hectares.
The Company believes Clover Mtn lies within the "Jarbidge Trend" which
includes projects such as Integra Resources' Delamar, Florida Mountain and War Eagle gold-silver
properties in Idaho and the Jerritt Canyon Gold, LLC's gold mine in Nevada, where over 8 million ounces
of gold were produced since 1981.
Clover Mtn has previously returned highlight rock chip samples of
1.99 g/t gold, 19.95 g/t silver, 1.25% copper and 1.54% zinc and soils gold values ranging from 0.02 g/t
to 0.78 g/t and silver values ranging from 0.02 g/t to 1.19 g/t.
About Anchor
Anchor is a Carlin-type, sedimentary rock-hosted gold target associated with the Devil's Gate -
Chainman/Diamond Peak formation contact at intersection points with west-northwest striking fault
zones. The property consists of 54 unpatented federal lode claims at the southern end of the Battle
Mountain - Eureka gold trend, 11 kilometres northwest of the 4-million-ounce Ruby Hill gold deposit and
is centered on a 600 by 500 m gold-arsenic-antimony rock and soil geochemical anomaly in in Upper
Plate Ordovician Vinini Formation siliclastic sedimentary rocks. Historic exploration returned highlight
gold grab samples of 1.83 g/t along with 11,000 ppm arsenic and 1,030 ppm antimony.
Historic drilling
generally averaged less than 0.01 gpt with several narrow zones with values from 0.5 to nearly 1.0 gpt.
About Raindrop Ventures Inc.
Raindrop is a newly formed company that began trading on the CSE on February 3, 2020 and is led by a
noted leader in mining and mineral exploration with the express purpose of acquiring and exploring
mineral properties in the new resource commodity cycle. Raindrop acquired and is exploring the Clover
Mountain Property and recently acquired a package of 6 properties from Liberty Gold that will allow a
focus on the Anchor project.
Raindrop has a well-planned capital structure with 23,777,700 shares issued and outstanding and a
significant team and insider ownership. For more information please visit
www.raindropventures.ca
.
ON BEHALF OF THE BOARD OF DIRECTORS
Alexander Kunz
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Alexander Kunz
President, Chief Executive Officer and Director
Raindrop Ventures Inc.
1507 - 1030 West Georgia Street
Vancouver, BC, V6E 2Y3
Telephone: (604) 428-6128
Facsimile: (604) 428-6430
email:
Saf Dhillon
Corporate Secretary and Director
Raindrop Ventures Inc.
email:
Telephone: 604-484-3031
Cell phone: 604-834-1365
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively,
"forward-looking statements") within the meaning of applicable securities legislation. All statements,
other than statements of historical fact, are forward-looking statements and are based on the
assumptions, expectations, estimates and projections as of the date of this news release.
Forward-
looking statements are subject to a variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those expressed or implied by forward-looking
statements contained herein. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements.
Raindrop disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable securities laws.
Readers should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/73288