Blue Thunder Mining Inc. Changing Name to Orbec Gold Mines Inc., Moving Headquarters to Brossard, Quebec
Blue Thunder Mining announces a name change to Orbec Gold Mines, effective after the Annual General Meeting on June 6, 2024, pending approval. The ticker remains 'BLUE' for simplicity. The company will also relocate its headquarters to Brossard, Quebec, sharing office space with IAMGOLD. CEO Dorian L. (Dusty) Nicol highlights that these changes reflect the company's focus on becoming a Quebec-centric gold exploration firm, with benefits like enhanced technical collaboration. The technical information has been approved by Nicol, a Qualified Person under National Instrument 43-101.
- Name change to Orbec Gold Mines aligns with the company's Quebec-focused strategy.
- Maintaining the ticker 'BLUE' ensures trading simplicity and continuity.
- Headquarters relocation to Brossard, Quebec, fosters collaboration with IAMGOLD, a significant shareholder.
- Enhanced technical collaboration due to shared office space with IAMGOLD.
- CEO Dorian L. Nicol's endorsement adds credibility to the strategic changes.
- Name and headquarters changes may incur significant one-time relocation and rebranding costs.
- Dependence on IAMGOLD for technical collaboration might expose the company to risks related to IAMGOLD's operational and financial stability.
- Potential disruption during the transition period could affect operations and investor confidence.
Montreal, Quebec--(Newsfile Corp. - June 4, 2024) - Blue Thunder Mining Inc. (TSXV: BLUE) ("Blue Thunder" or the "Company") announces that as of its Annual General Meeting to be held on June 6, 2024, and subject to approval at that meeting, the Company will change its name to Orbec Gold Mines Inc. ("Orbec"). The ticker will remain "BLUE" for simplicity and ease of trading as well as for legacy reasons. In addition, the Company is relocating its headquarters to 2000 rue de l'Éclipse, Suite 500, Brossard, Quebec, which is IAMGOLD's Quebec office.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "Our new name and the office relocation reflect our continuing evolution toward becoming a Quebec-focused gold company. Sharing office space with IAMGOLD, a significant shareholder of our company, will facilitate the technical collaboration and communication that we view as invaluable as we advance exploration of our Muus Gold Project in the Chibougamau-Chapais District and possibly the acquisition and development of other gold projects in Quebec."
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person ("QP") for the purpose of National Instrument 43-101.
About Orbec
Orbec is a gold company that owns
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.com, or contact Mr. Dorian L. (Dusty) Nicol, info@bluethundermining.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211603
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