TRU Precious Metals Appoints Experienced Mining CFO
TRU Precious Metals Appoints Experienced Mining CFO
Fredericton, New Brunswick – September 7, 2021 – TRU Precious Metals Corp. (TSXV:TRU;
OTCQB:TRUIF; FSE:706 ) (“TRU” or the “Company”) is pleased to announce the appointment of Ms. Olga
Nikitovic, CPA, CA, as its new Chief Financial Officer, effective September 3, 2021. The appointment remains
subject to regulatory approval by the TSX Venture Exchange.
Ms. Nikitovic is a Chartered Accountant and management consultant with over 28 years of work experience. She
started her career at PricewaterhouseCoopers and worked there for 9 years in both the audit and management
consulting departments. While consulting, Ms. Nikitov ic specialized in re -engineering and cost management.
After leaving PricewaterhouseCoopers, Ms. Nikitovic held senior management positions with two of Canada ’s
largest retailers. Since then, she has held management positions in a number of private and publicly traded mining
companies.
TRU Co-Founder and CEO Joel Freudman commented: “I am pleased to announce another great addition to the
TRU leadership team with the appointment of Olga Nikitovic. Olga’s financial and strategic expertise, and diverse
industry experience, will be an enormous asset to TRU. She brings a wealth of mining industry and capital markets
experience to her new role, which will support the Company as we advance our projects in the Central
Newfoundland Gold Belt, and, in particular, as we prepare to drill our flagship Golden Rose Project this fall.”
Ms. Nikitovic replaces Robert Harrison, who is retiring after serving TRU as its Chief Financial Officer since the
Company’s inception. The Company extends its gratitude and appreciation to Mr. Harrison for his dedication and
contribution, which has been instrumental as the Company developed into a mining issuer.
Mr. Freudman added: “ We will all miss Robert’s commitment and collegiality, having helped the Company
through every stage of its lifecycle to date, and I sincerely wish him all the best in his well-deserved retirement.”
The Company also announces that, subject to regulatory approval, on September 3, 2021, it granted an aggregate
of 1,475,000 incentive stock options (“Options”) to its directors and officers in accordance with the Company’s
stock option plan. All such Options have an exercise price of $0.28 per share and a 5-year term. Of these Options,
an aggregate of 575,000 vested immediatel y, while the remaining 900,000 granted to an officer vest as follows:
(i) 400,000 upon the earlier to occur of (a) 6 months from grant date or (b) completion of a specified corporate
milestone (a “Vesting Event”); (ii) 250,000 upon the earlier to occur of (a) 12 months from grant date or (b) a
Vesting Event; and (iii) 250,000 upon the earlier to occur of (a) 24 months from grant date or (b) a Vesting Event.
About TRU Precious Metals Corp.
TRU has assembled a portfolio of gold exploration properties in the highly prospective Central Newfoundland
Gold Belt. The Company has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase
100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU
also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 early -stage properties
including 2 near New Found Gold Corp.’s high -grade Queensway Project. TRU’s common shares trade on the
TSX Venture Exchange under the symbol “TRU” , on the OTCQB Venture Market under the symbol “TRUIF”,
and on the Frankfurt exchange under the symbol “706”.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital
markets advisory services and pro prietary financing. Resurgent works with 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 LinkedIn profile at https://www.resurgentcapital.ca/.
For further information about TRU, please contact:
Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
Website: www.trupreciousmetals.com
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/
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support of the Twilite
Gold Project through the Junior Exploration Assistance Program. TRU has been approved for funding for a portion
of its 2021 exploration activities at the Twilite Gold Project.
Cautionary Statements Regarding Forward-Looking Information
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.
This press release contains certain forward-looking statements, including those relating to regulatory approval and
the impact of additions 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 uncertain ties,
including without limitation: challenges executing on corporate strategy and business plans; regulatory approval
processes; and those other risks described in the Company’s continuous disclosure documents. 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.