Interra Copper Corp. Welcomes Mr. Gordon Neal as an Independent Director

Rhea-AI Summary

Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Gordon Neal to its Board of Directors as part of its ongoing Phase 1 drilling program on the Thane property in British Columbia. Neal brings over 30 years of capital markets experience and has previously raised over $700 million for various sectors. Additionally, he will join the Audit and Corporate Governance Committees. Neal has been granted 600,000 options exercisable at 22 cents over five years. The Thane property spans 206 km² and is strategically located between two significant copper-gold deposits.

Positive

• Appointment of Gordon Neal, a seasoned capital markets expert with a strong track record.
• Neal's previous experience includes raising over $700 million, which may enhance investor confidence.
• The addition of an independent director strengthens corporate governance.
• Thane property covers a substantial area of 206 km² with identified mineralized zones, indicating potential for resource discovery.

Negative

• Current drilling and exploration activities are still in the early Phase 1 stage, which might imply a longer timeline before significant results are realized.

VANCOUVER, BC / ACCESSWIRE / July 29, 2021 / Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FRA:3MX) ("Interra" or the "Company") which is currently engaged in our Phase 1 drilling program on our 100% owned, 206 sq kilometer, Thane property in North Central B.C. is pleased to announce the appointment of Mr. Gordon Neal to the Board of Directors, effective immediately.

Mr. Neal is currently President of Neal & Company Consultants, having provided more than 30 years of capital markets and corporate governance advisory services to public and private companies. Neal & Company have raised more than $700,000,000 for companies across many sectors including precious metals, oil and gas, forestry and clean tech industries. From August 2017 to March 2021, Gordon was President of New Pacific Metals Corp, with prior positions as VP Corporate Development at Silvercorp Metals, and for 9 years was VP Corporate Development at Mag Silver Corp. in the 1990s, Gordon was also the founder and president of Neal McInerney Investor Relations, which at the time, was the second largest investor relations firm in Canada. During the 1980s, Mr. Neal was Communications Special Assistant to the Prime Minister of Canada and Immigration Special Assistant to the Minister of Employment and Immigration. Mr. Neal holds a Bachelor of Science degree from Dalhousie University, Halifax, Nova Scotia.

Mr Neal will also join the Audit and Corporate Governance Committees, which will then be comprised of 4 independent Directors. Mr. Neal has also been granted 600,000 options exercisable for five years at 22 cents in accordance with the Company's equity incentive plan and are subject to vesting over a period of 18 months.

Chairman T. Greg Hawkins commented; "Having worked with Gordon on a number of other successful projects and companies, we look forward to working with Gordon again."

ON BEHALF OF INTERRA COPPER CORP.
David McMillan
Interim Chief Executive Officer and Director
Telephone: +1-604-588-2110

INVESTOR RELATIONS:
Email: invest@interracopper.com
Telephone: +1-604-588-2110
Website: https://interracopper.com

ABOUT INTERRA COPPER CORP.

Interra is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC continues to source and evaluate assets to further generate shareholder value.

The Thane property covers approximately 206 km² (50,904 acres) and is located in the Quesnel Terrane of north-central British Columbia, midway between the previous operated open pit Kemess Mine and the currently operating open pit Mount Milligan mine, both two copper-gold porphyry deposits. The Thane property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area' on which the Company's exploration is currently focused.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

SOURCE: Interra Copper Corp.

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https://www.accesswire.com/657690/Interra-Copper-Corp-Welcomes-Mr-Gordon-Neal-as-an-Independent-Director

FAQ

Who is Gordon Neal and what is his role at Interra Copper Corp. (IMIMF)?

Gordon Neal has been appointed to the Board of Directors of Interra Copper Corp. He is a seasoned capital markets expert with over 30 years of experience.

What is the Thane property and its significance for Interra Copper Corp. (IMIMF)?

The Thane property spans 206 km² in British Columbia and is strategically located between two major copper-gold deposits, making it highly prospective for exploration.

What experience does Gordon Neal bring to Interra Copper Corp. (IMIMF)?

Neal has raised over $700 million for various sectors and has a strong background in capital markets and corporate governance.

What options were granted to Gordon Neal upon his appointment to Interra Copper Corp. (IMIMF)?

Gordon Neal was granted 600,000 options exercisable at 22 cents for five years, subject to vesting over 18 months.

What are the next steps for Interra Copper Corp. (IMIMF) following this appointment?

Interra Copper will continue its Phase 1 drilling program on the Thane property as it seeks to advance its exploration efforts.