TRU Appoints Seasoned Capital Markets Executive Manish Z. Kshatriya to Board of Directors
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TRU Appoints Seasoned Capital Markets Executive Manish Z. Kshatriya
to Board of Directors
Toronto, Ontario – February 9, 2023 – TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF) (“TRU” or
the “Company”) is pleased to announce the appointment of Manish Z. Kshatriya, CPA, CA, CPA (CO), ICD.D to
its Board of Directors (the “Board”) as Chairman of the Board and Audit Committee , subject to regulatory
approval.
Mr. Kshatriya is currently the Managing Director of a Toronto based Business Advisory firm providing executive
management, governance and compliance oversight, and capital markets advisory services to small and mid -
market private and publicly listed companies. He has over 20 years of progressive experience in corporate finance,
governance, accounting, taxation, and auditing obtained in public accounting practice and industry. Mr.
Kshatriya’s extensive capital markets experience includes: the formation and development of mineral resource
exploration companies from i nception to initial public offerings; the formation and offerings of flow -through
limited partnerships; raising capital; merger and acquisition activity; serving on private and public company
boards; and, proxy contests.
Most recently, and prior to his role as Managing Director, Mr. Kshatriya served as Director, President, Chief
Executive Officer and Chief Financial Officer of a United States based mineral resources company that was listed
both in the US and in Canada. Prior to that role, Mr. Kshatriya worked for a Toronto based, Canadian listed mining
merchant bank where he served as Chief Financial Officer.
Mr. Kshatriya earned his Bachelor of Commerce degree, with Honours in Accounting and Finance, from York
University in Toronto. He is a graduate of the director’s education program at the Institute of Corporate Directors
at the Rotman School of Management, University of Toronto and is an institute certified director (ICD.D). He is
a Chartered Professional Accountant (Ch artered Accountant) and a member of the Institute of Chartered
Professional Accountants of Ontario. He is also a Certified Public Accountant in the United States and a graduate
from the Colorado State Board of Accountancy.
Joel Freudman, Co-Founder and CEO of TRU commented, “We are pleased to have Manish join the Company as
Chairman. He brings a significant amount of mineral exploration and capital markets experience to TRU and is
eager to harness his expertise to bolster TRU’s market presence.”
The Company also announces that, subject to regulatory approval, it has granted 200,000 incentive stock options
(“Options”) to Mr. Kshatriya in accordance with the Company’s stock option plan. These Options have an exercise
price of $0.065 each and a 3-year term. Of these Options, 50,000 vested immediately and the remaining 150,000
vest 12 months after the grant date.
To facilitate Mr. Kshatriya joining the Board, Mr. Colin Sutherland has resigned to reduce his overall business
commitments.
Mr. Freudman added, “We sincerely thank Colin for his insights and guidance during his tenure as a director. We
wish him the best in his future endeavors."
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About TRU Precious Metals Corp.
TRU (TSXV:TRU; OTCQB:TRUIF) is on a mission to build long-term shareholder value, through prudent natural
resource property development and transactions. TRU is exploring for gold and copper in the highly prospective
Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed
Altius Minerals. Golden Rose is a regional-scale 239.5 km2 land package, including a recently-discovered 20 km
district-scale structure, and an additional 45 km of strike length along the deposit -bearing Cape Ray - Valentine
Lake Shear Zone, directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray
Gold Project. In addition, TRU has an option to acquire up to an aggregate 65% ownership interest in two claim
packages covering 33.25 km2 including a 12 km strike length along the Shear Zone within Golden Rose.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital
markets advisory services and proprietary financing. Resurgent works wi th promising public and pre -public
micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its
portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ or follow Resurgent on
LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
To connect with TRU via social media, below are links:
https://twitter.com/corp_tru
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for its past financial support through
the Junior Exploration Assistance Program.
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that ter m is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward -looking statements, including those relating to regulatory approvals
and the impact of ad ditions to the TRU leadership team. These statements are based on numerous assumptions
believed by management to be reasonable in the circumstances and are subject to a number of risks and
uncertainties, including without limitation: challenges executing o n corporate strategy and business plans;
regulatory approval processes; and those other risks described in the Company’s continuous disclosure documents.
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Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors
and others should carefully consider the foregoing factors and should not place undue reliance on such forward -
looking statements. The Company does not undertake to update any forward-looking statements herein except as
required by applicable securities laws.