Tinone Strengthens Its Board and Executive Teams (TORC: TSX-V)
TINONE STRENGTHENS ITS BOARD AND
EXECUTIVE TEAMS
(TORC: TSX-V)
VANCOUVER, BC
,
Feb. 15, 2022
/CNW/ -
TinOne Resources Inc.
(TSXV: TORC) ("
TinOne
" or
the "
Company
") is pleased to announce the appointment of
Chris Donaldson
and
Ota Hally
to the
Company's Board of Directors. Mr. Donaldson will act as Executive Chairman. The Company also
announces that
Grant Tanaka
has been appointed as the Company's Chief Financial Officer. All
appointments are effective immediately.
"We are thrilled to welcome Chris, Ota and Grant to the TinOne team,"
commented
Michael
Konnert
, Director.
"Their collective expertise and leadership will play a vital role as TinOne turns
its focus from a successful capital raise and TSX Venture Exchange listing to the exploration of its
Great Pyramid and
Aberfoyle
tin projects and its
Panama
gold project. 2022 is going to be a pivotal
year for TinOne as we prepare for aggressive exploration programs at these highly prospective
projects in
Tasmania, Australia
, where favourable conditions allow for year-round drilling."
Chris Donaldson
Mr. Donaldson is an experienced executive with a 25-year track record raising funds and building
new investment channels for public and private companies.
Chris is currently the Chief Executive Officer and Director of Outback Goldfields Corp. and CEO
(Interim) and Director of Vizsla Copper Corp. Previously, Chris held the dual role of Director,
Corporate Development with Western Copper and Gold and Director, Corporate Development and
Community with Casino Mining Corporation.
Ota Hally
Mr. Hally is a Chartered Professional Accountant and a Chartered Financial Analyst with broad
experience in executive-level financial management positions across multiple industries.
Ota is currently Chief Financial Officer and Director of Outback Goldfields Corp. Preciously, Ota
held senior executive roles with Equinox Gold, Leagold Mining, Yamana Gold, Endeavour Mining and
Pan American Silver.
Grant Tanaka
Mr. Tanaka brings over 15 years of financial leadership experience in the mining industry.
Before joining TinOne, Grant was the Director, Finance Operations with Ma'aden Gold & Base
Metals. Prior to this, Grant held senior financial positions at Teck Resources Limited, New Gold,
Copper Mountain Mining Corporation and Bisha Mining Share Company, an operating subsidiary of
Nevsun Resources. Grant holds a Bachelor of Business Administration, specializing in
Entrepreneurial Leadership, and is a Canadian Chartered Professional Accountant (CPA).
The Company would like to thank former CFO,
Dave Cross
and Director,
David Brett
, who have
resigned from their positions, for their support throughout the amalgamation with Lamaska Capital
Corp. The Company wishes them well in their future endeavors.
About TinOne
TinOne is a TSX Venture listed Canadian public company with a high-quality portfolio of tin and gold
projects in the Tier 1 mining jurisdictions of
Tasmania
and
New South Wales, Australia
. The
Company is focussed on advancing its highly prospective portfolio through aggressive exploration
programs.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward
Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and "forward
looking information" under
applicable Canadian securities laws. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and
similar words or expressions, identify forward
looking statements or information. These forward
looking statements or information relate to, among other things: the development of the Company's
projects, including drilling programs and mobilization of drill rigs; future mineral exploration,
development and production; and completion of a maiden drilling program.
Forward
looking statements and forward
looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential
for TinOne and its business, and future exploration plans are based on management's reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management's
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect. Assumptions have been made regarding, among other things, the price
of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of
exploration and development; the estimated costs of development of exploration projects; TinOne's
ability to operate in a safe and effective manner and its ability to obtain financing on reasonable
terms.
These statements reflect TinOne's respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered
reasonable by management, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward
looking
statements or forward-looking information and TinOne has made assumptions and estimates
based on or related to many of these factors. Such factors include, without limitation: the
Company's dependence on early stage mineral projects; metal price volatility; risks associated with
the conduct of the Company's mining activities in
Australia
; regulatory, consent or permitting
delays; risks relating to reliance on the Company's management team and outside contractors;
risks regarding mineral resources and reserves; the Company's inability to obtain insurance to
cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding
the failure to generate sufficient cash flow from operations; risks relating to project financing and
equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of
reserves and resources, metallurgical recoveries and capital and operating costs of such projects;
contests over title to properties, particularly title to undeveloped properties; laws and regulations
governing the environment, health and safety; the ability of the communities in which the Company
operates to manage and cope with the implications of COVID-19; the economic and financial
implications of COVID-19 to the Company; operating or technical difficulties in connection with
mining or development activities; employee relations, labour unrest or unavailability; the
Company's interactions with surrounding communities and artisanal miners; the Company's ability
to successfully integrate acquired assets; the speculative nature of exploration and development,
including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts
of interest among certain directors and officers; lack of liquidity for shareholders of the Company;
litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management
discussion and analysis. Readers are cautioned against attributing undue certainty to forward
looking statements or forward-looking information. Although TinOne has attempted to identify
important factors that could cause actual results to differ materially, there may be other factors that
cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not
assume any obligation, to update these forward
looking statements or forward-looking information
to reflect changes in assumptions or changes in circumstances or any other events affecting such
statements or information, other than as required by applicable law.
SOURCE
TinOne Resources Inc.
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For further information:
For more information and to sign-up to the mailing list, please contact:
Michael Konnert, Director & Interim CEO, Tel: (604) 364-2215, Email: [email protected]
CO: TinOne Resources Inc.
CNW 07:30e 15-FEB-22