Eagle Plains Appoints New Chief Financial Officer, Issues Options
Eagle Plains Resources announced the appointment of Robert Doyle as the new Chief Financial Officer (CFO), replacing Glen J. Diduck, who is retiring. Doyle has over 30 years of experience in operations, finance, and mergers & acquisitions, and currently serves as Senior VP at Pacific Opportunity Capital. Diduck, who has been with Eagle Plains for over 25 years, will remain on the Board to provide ongoing financial advice. Additionally, Eagle Plains has granted stock options for 1,230,000 shares at $0.17 each, expiring on June 3, 2029, to key personnel. The appointment and stock options are subject to regulatory approval.
- Appointment of experienced CFO Robert Doyle with over 30 years in finance and successful completion of $200 million in M&A.
- Doyle's dual expertise in operations and financial strategy adds value.
- Diduck's continued presence on the Board ensures ongoing financial oversight.
- Issuance of 1,230,000 stock options could incentivize key personnel and align interests with shareholders.
- The transition of CFO may introduce short-term uncertainty.
- The issuance of stock options could lead to dilution of existing shares.
CRANBROOK, BC / ACCESSWIRE / June 3, 2024 / Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") is pleased to announce the appointment of Robert (Bob) Doyle as Chief Financial Officer, replacing Glen J. Diduck who is retiring effective May 31st. Mr. Doyle is Senior VP at Pacific Opportunity Capital Ltd, a company specializing in providing management and financial consulting services to public and private companies. Mr. Doyle is an officer of other publicly listed companies, has more than 30 years of experience in the strategy of emerging companies, including operations, finance, and the successful completion of over
Mr. Diduck has been with Eagle Plains for over 25 years and has steadfastly guided the company through a number of significant corporate milestones including the merger in 1999 with Miner River Resources Ltd. and the sale of two subsidiary companies: Copper Canyon Resources Ltd. (2011) and Taiga Gold Corp. (2022). More recently, Glen played a key role in the creation and listing of Eagle Royalties Ltd. (CSE:"ER") through a plan of arrangement. Eagle Plains has benefited from Glen's depth of knowledge on public company affairs including tax considerations, corporate governance, financing, securities filings and regulations.
Mr. Diduck will remain on the Board of Directors and continue to provide ongoing oversight, financial advice and support to the Company.
Tim Termuende, P.Geo., Executive Chairman, commented on the recent transition: "on behalf of the board of directors, we would like to welcome Mr. Doyle in his new role and look forward to working with him to further advance Eagle Plains. We would also like to wish Mr. Diduck well in his retirement and convey our sincere thanks to Glen for his decades of service to the company. His depth of knowledge, loyalty, support and guidance in his role as CFO will be missed".
Options Issued
Eagle Plains has granted incentive stock options to directors, employees and key consultants of the Company for the purchase of a total of 1,230,000 shares at an exercise price of $.17 per share, expiring June 03rd 2029, pursuant to the Company's current option plan (subject to shareholder and regulatory approvals).
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
View the original press release on accesswire.com
FAQ
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