Troubadour Resources Appoints Chris Huggins as CEO and Navin Varshney as Chairman of the Board

Rhea-AI Summary

Troubadour Resources (TSXV: TR, OTCQB: TROUF) has appointed Chris Huggins as CEO and Navin Varshney as Chairman of the Board, effective immediately. Huggins, with 25 years in mining, technology, and capital equipment, will maintain his board position. He has previously worked with Homestake and managed global Caterpillar accounts at Finning. Currently, he is CEO of Collective Metals. Varshney brings four decades in capital markets and mineral exploration, having raised over $30 million in ventures. He recently facilitated a $26 million asset sale at Usha Resources. Blake Morgan, the interim CEO, remains on the board and supports the appointments.

Positive

• Chris Huggins appointed as CEO, bringing 25 years of expertise in mining, technology, and capital equipment.
• Huggins has significant experience with notable projects and companies such as Homestake and Caterpillar.
• Navin Varshney appointed as Chairman, bringing four decades of experience in capital markets and mineral exploration.
• Varshney has raised over $30 million in venture capital for mining and technology sectors.
• $26 million asset sale facilitated by Varshney at Usha Resources.
• Blake Morgan supports the appointments and remains on the Board of Directors.

Negative

• Blake Morgan steps down as interim CEO, which may indicate instability or transition challenges.
• Potential shareholder concerns about leadership changes and their impact on company strategy and performance.

Vancouver, British Columbia--(Newsfile Corp. - May 31, 2024) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTCQB: TROUF) (the "Company") is pleased to announce changes to its leadership team, with the appointment of Mr. Chris Huggins as Chief Executive Officer (CEO) and Mr. Navin Varshney as Chairman of the Board of Directors of the Company, effective immediately. Mr. Huggins, who has served as a director of the Company, will continue to hold his board position while stepping into the role of CEO.

Mr. Huggins brings over 25 years of expertise in the mining, technology, and capital equipment industries. Holding a B.Sc. Honours in Geology, he began his career as a regional exploration geologist with Homestake, working on notable projects around Eskay Creek, Snip Mine, Stewart, and Dease Lake Camps. Over the past decade, he has delivered innovative capital equipment and financial solutions for surface and underground mining operations in the Northwest Territories and Yukon. Mr. Huggins has also managed global and national Caterpillar accounts at Finning. Currently, he is the CEO of Collective Metals Inc. (CSE: COMT).

Mr. Varshney has had a four-decade career in the capital markets and mineral exploration and development sector where he has acted as President, CEO, and CFO of multiple TSX-listed issuers and served on many public company boards. He brings significant experience specializing in developing, structuring and financing venture capital companies, specifically in the mining and technology sectors, with over $30 million raised in the past decade in his public and private ventures. Mr. Varshney's extensive experience in analyzing and speculating in the metals, mining, and technology sectors has greatly benefited the organizations he has been associated with including most recently, Usha Resources, where they negotiated a sale of an asset for US$26 million.

Blake Morgan has resigned from his role as Interim CEO but will remain on the Board of Directors. He expressed his confidence in the new appointments, stating, "We are excited to have Chris Huggins and Navin Varshney in their new appointments. Chris's extensive experience in geology and capital markets, combined with Navin's impressive track record in the metals and mining sector, will be invaluable as we continue to grow and develop our property assets and shareholder value for Troubadour Resources."

Blake Morgan further commented, "Chris's leadership in operational roles and Navin's strategic insights in capital markets and company formation will provide the strong foundation Troubadour Resources needs to achieve its ambitious goals."

About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR and the OTCPK Exchange under the symbol TROUF.

TROUBADOUR RESOURCES INC.

For more information, please contact

Blake Morgan
(236)-878-4938
blake@acvc.vc

Or

Chris Huggins
(604)-968-4844
chris@greenwood.capital

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding Mr. Huggins' and Mr. Varshney's expected contributions to the Company; the Company's plans to continue to grow and develop its properties; and the Company growing its shareholder value. There is risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward- looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211343

FAQ

Who is the new CEO of Troubadour Resources?

Chris Huggins has been appointed as the new CEO of Troubadour Resources.

When did Troubadour Resources appoint a new CEO and Chairman?

Troubadour Resources appointed a new CEO and Chairman on May 31, 2024.

What is the stock symbol for Troubadour Resources?

The stock symbol for Troubadour Resources is TROUF.

What experience does Chris Huggins bring to Troubadour Resources?

Chris Huggins brings 25 years of expertise in mining, technology, and capital equipment, with notable roles at Homestake and managing Caterpillar accounts at Finning.

What experience does Navin Varshney bring as Chairman of Troubadour Resources?

Navin Varshney brings four decades of experience in capital markets and mineral exploration, having raised over $30 million and facilitated a $26 million asset sale.

What was Blake Morgan's role before the leadership changes at Troubadour Resources?

Blake Morgan was the interim CEO before stepping down and remaining on the Board of Directors.