Resources Appoints Chris Huggins as CEO and Navin Varshney as Chairman of the Board
Troubadour
Resources Appoints Chris
Huggins as CEO and Navin Varshney as
Chairman of the Board
Vancouver, British Columbia
--
(Newsfile Corp.
-
May 31, 2024)
-
TROUBADOUR
R
ESOURCES INC
.
(TSXV:
TR
) (OTCQB:
TROUF
) (the "Company") is pleased to announce changes to its leadership
team, with the appointment of Mr. Chris Huggins as Chief Executive Officer (CEO) and Mr. Navin
Varshney as Chairman of the Board of Directors of the Company, effective immediately. Mr. Hugg
ins,
who has served as a director of the Company, will continue to hold his board position while stepping
into the role of CEO.
Mr. Huggins brings over 25 years of expertise in the mining, technology, and capital equipment
industries. Holding a B.Sc. Honours in Geology, he began his career as a regional exploration
geologist with Homestake, working on notable projects around Eskay
Creek, Snip Mine, Stewart, and
Dease Lake Camps. Over the past decade, he has delivered innovative capital equipment and
financial solutions for surface and underground mining operations in the Northwest Territories and
Yukon. Mr. Huggins has also managed
global and national Caterpillar accounts at Finning. Currently,
he is the CEO of Collective Metals Inc. (CSE: COMT).
Mr. Varshney has had a four
-
decade career in the capital markets and mineral exploration and
development sector where he has acted as President, CEO, and CFO of multiple TSX
-
listed issuers
and served on many public company boards. He brings significant exp
erience specializing in
developing, structuring and financing venture capital companies, specifically in the mining and
technology sectors, with over $30 million raised in the past decade in his public and private ventures.
Mr. Varshney's extensive experie
nce in analyzing and speculating in the metals, mining, and
technology sectors has greatly benefited the organizations he has been associated with including
most recently, Usha Resources, where they negotiated a sale of an asset for US$26 million.
Blake Morgan has resigned from his role as Interim CEO but will remain on the Board of Directors. He
expressed his confidence in the new appointments, stating, "We are excited to have Chris Huggins
and Navin Varshney in their new appointments. Chris's exte
nsive experience in geology and capital
markets, combined with Navin's impressive track record in the metals and mining sector, will be
invaluable as we continue to grow and develop our property assets and shareholder value for
Troubadour
R
esources."
Blake Morgan further commented, "Chris's leadership in operational roles and Navin's strategic
insights in capital markets and company formation will provide the strong foundation
Troubadour
Resources needs to achieve its ambitious goals."
About
Troubadour
Resources Inc.
Troubadour
Resources Inc. is a North American mineral acquisition and exploration company focused
on the development of quality battery and precious metal properties that are drill
-
ready with high
-
upside and expansion potential. Based in Vancouver, BC,
Troubadour
trades on the TSX Venture
Exchange under the symbol TR and the OTCPK Exchange under the symbol TROUF.
TROUBADOUR
RESOURCES INC.
For more information, please contact
Blake Morgan
(236)
-
878
-
4938
Or
Chris Huggins
(604)
-
968
-
4844
Cautionary Note Regarding Forward
-
Looking Statements
This news release contains forward
-
looking statements that are based on the Company's current
expectations and estimates. Forward
-
looking statements are frequently characterized by words such
as "plan", "expect", "project", "intend", "believe", "anticipate
", "estimate", "suggest", "indicate" and
other similar words or statements that certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding Mr. Huggins' and Mr. Varshney's expected contributions to
the Company;
the Company's plans to continue to grow and develop its properties; and the Company
growing its shareholder value. There is risk that the forward
-
looking statements will not prove to be
accurate, that the management's assumptions may not be correct and th
at actual results may differ
materially from such forward
-
looking statements. Such forward
-
looking statements involve known
and unknown risks, uncertainties and other factors that could cause actual events or results to differ
materially from estimated or
anticipated events or results implied or expressed in such forward
-
looking statements, including those risk factors outlined in the Company's Management Discussion
and Analysis as filed on SEDAR+. Any forward
-
looking statement speaks only as of the date o
n which
it is made and, except as may be required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward
-
looking statement, whether as a result of new information,
future events or results or otherwise. Forward
-
looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements due to the
inherent uncertainty thereof.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE:
Troubadour Resources Inc.