Colonial Coal Announces the Appointment of David Fawcett as an Advisory Member to Its Board of Directors
August 14 2019 - 4:00PM
Colonial Coal International Corp. (TSX-V: CAD) (the
“
Company” or “
Colonial
Coal”). David Austin, Colonial Coal’s Chairman, is
pleased to announce that David Fawcett has kindly agreed to be
appointed as an advisory member to the Company’s Board of
Directors.
Mr. Fawcett is a mining engineer with over 40
years of experience in the coal industry, primarily in the western
Canadian coal industry. He holds a Bachelor of Science
Engineering Degree from the University of Alberta and is a
registered Professional Engineer.
During his career Mr. Fawcett has had a broad
range of responsibilities from early stage geology and exploration,
through feasibility and regulatory processes, to operations,
management and executive positions for major, intermediate and
start-up companies.
During the first half of his career, Mr. Fawcett
held positions with established mining and development companies
such as Consolidation Coal Company, BC Hydro, Dentherm Resources
(Denison Mines) and Smoky River Coal. Through the second half
of his career, Mr. Fawcett was more entrepreneurial with
participation in start-up and development companies such as Pine
Valley Coal, Western Canadian Coal, NEMI Northern Energy &
Mining, Hillsborough Resources, Jameson Resources and Allegiance
Coal.
Mr. Fawcett has been the recipient of several
coal industry awards including the Canadian Institute of Mining
Coal Award in 2011, the British Columbia Association of Mineral
Exploration E.A. Scholz Award in 2012 and the Coal Association of
Canada’s Award of Distinction in 2015.
Mr. Austin stated: “We are extremely excited to
have David join our Advisory Board. I am very proud to have
worked with David on many projects over the years and I know that
David will provide Colonial Coal with very sound and practical
advice as the Company considers its various business development
options going forward. We are very excited by what the future
holds for our company and its shareholders and having David work
with us is a great asset indeed.”
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 news release.
About Colonial Coal International
Corp.
Colonial Coal is a publicly traded coal
corporation in British Columbia that focuses primarily on coking
coal projects. The northeast Coal Block of British Columbia,
within which our Corporation’s projects are located, hosts a number
of proven deposits and has been the subject of M&A activities
by Anglo-American and others. Additional information can be
found on the Company's website www.ccoal.ca or by viewing the
Company's filings at www.sedar.com.
Forward-Looking Information
Information set forth in this news release may
involve forward-looking statements. Forward-looking statements are
statements that relate to future, not past, events. In this
context, forward-looking statements often address a company's
expected future business and financial performance, and often
contain words such as "anticipate", "believe", "plan", "estimate",
"expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other
similar expressions. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: risks associated with marketing and sale of
securities; the need for additional financing; reliance on key
personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and except as
required by law, the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned
against attributing undue certainty to forward-looking
statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN
THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF
THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE
ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
For further information please contact:
Colonial Coal International Corp. Shane Austin 604.568.4962
saustin@ccoal.ca www.ccoal.ca
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