Lucky Appoints New Board Member and Grants Incentive Stock Options
Lucky Minerals Inc (OTC PINK:LKMNF) has appointed Mr. Roy McDowall as an independent board member, enhancing its leadership team at a critical exploration phase. McDowall brings over 25 years of capital markets experience, previously serving at Macquarie Capital Markets Canada. The company has also granted stock options for 7,755,000 shares at Cdn $0.10 each, expiring October 1, 2026. Additionally, Lucky will issue 1,500,000 shares valued at Cdn $150,000 for services, pending regulatory approval. The Fortuna Project is a significant focus, covering 550 km² in southern Ecuador.
- Appointment of Roy McDowall, bringing extensive capital markets experience.
- Stock options granted may align interests of management and shareholders.
- Stock options and share issuance may cause shareholder dilution.
VANCOUVER, BC / ACCESSWIRE / October 1, 2021 / Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) "Lucky" or the "Company") is pleased to announce the appointment of a new independent board member, Mr. Roy McDowall.
Mr. McDowall is a capital markets professional with over 25 years of experience with Canadian based boutique and bank owned investment firms, and most recently served as Managing Director, Head of Equity Sales for Macquarie Capital Markets Canada. He also held similar positions with Credit Suisse, CIBC World Markets, Orion Securities and National Bank Financial. Mr. McDowall is currently Head of Investor Relations and Communications at Turquoise Hill Resources Ltd., a Montreal‐based mining company focused on operating and further developing the Oyu Tolgoi copper‐gold mine in Mongolia.
Francois Perron, President and CEO stated: "We are extremely pleased to be adding Roy's expertise to our team at this very important stage of exploration."
The Company also announces that subject to regulatory approval, it has granted stock options to acquire an aggregate of 7,755,000 common shares to directors, officers, employees and consultants of the Company. The stock options, which are subject to the terms and conditions of the Company's stock option plan, are exercisable until October 1, 2026 to acquire common shares at a price of Cdn
In addition, subject to regulatory approval and pursuant to TSX Venture Policy 4.3, the Company has entered into shares for services agreements with respect to the debt restructuring pursuant to which it will issue an aggregate of 1,500,000 common shares for services valued in total at Cdn
About Lucky
Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a
The Company's Fortuna Project is comprised of twelve contiguous, 550 km2 (55,000 Hectares, or 136,000 Acres) exploration concessions. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.
Covid-19 Safety Protocols
Lucky has strict rules in place for all workers arriving to and from field sites. All personnel are tested upon arriving and leaving and are tested every two weeks. All personnel are housed in separate and private accommodations and are isolated from the community.
ON BEHALF OF THE BOARD
"François Perron"
President and Chief Executive Officer
Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting François Perron, President and CEO, by email at investors@luckyminerals.com or by telephone at (866) 924 6484.
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 Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties related to exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulators.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update or revise publicly any of the included forward-looking statements unless required by Canadian securities law.
SOURCE: Lucky Minerals Inc.
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FAQ
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