VANCOUVER, BC, Dec. 28,
2022 /CNW/ - Gold Line Resources Ltd. (TSXV:
GLDL) (OTCQB: TLLZF) ("Gold Line" or the "Company") is pleased
to announce the results of its annual general meeting of
shareholders held on December 23,
2022. The Company elected five directors to its board,
re-electing Toby Pierce and
Adam Cegielski and three new
directors, namely, Greg McCunn,
Benjamin Gelber and Robert Leckie.
Mr Greg McCunn is a senior mining
executive with broad experience as a board member of publicly
traded companies listed on both the TSX and NYSE. He has
thirty years of experience in the mining industry including over
thirteen years in CFO and CEO roles. In the past he has held
management positions in finance, operations, corporate development
and research and development. He has raised over $600 million in equity/debt from the Canadian and
US capital markets and completed over $1
billion in merger and acquisition transactions for various
junior mining companies in both precious and base metals.
Mr. Benjamin Gelber, VP Exploration is a professional
geologist with over 17 years industry experience specializing in
orogenic gold systems, garnering a deep understanding of geological
and structural controls on mineralization in orogenic systems at
all scales, including developing and managing large and complex
district to camp scale exploration programs. He was previously with
Barrick Gold Corporation as Exploration Manager, Guyana. Prior to Barrick, Benjamin held the
positions of Generative Exploration Manager, and Group Geology
Manager with Asanko Gold Inc., now named Galiano Gold Inc.
Mr. Robert Leckie is currently a
Vice President of Dundee Corporation and CEO of Agrimarine
Holdings. He has 15+ years of experience in the capital markets and
has previously been a Vice President at Dundee Resources where he
was responsible for identifying, developing, and overseeing
investment opportunities. He was also a Co-Managing Director of
Dundee Acquisition, the first special purpose acquisition
corporation ("SPAC") created in Canada, a Founding board member Nova Royalty
Corp, and a board member of Reunion Gold, Magna Terra Minerals, and
Cathedra Bitcoin. Mr. Leckie is a co-founder and
director of Somerset Energy Partners, Valkyrie Oil Trucking Corp.,
and South Viking Energy Corp.
The Company would like to thank Dr. Eric
Jensen and Mr. Joel Shacker
for their contributions.
The shareholders approved all other matters as proposed,
including the appointment of Davidson & Company LLP, Chartered
Professional Accountants as auditors of the Company, approval of
the Company's stock option plan, and the approval of the repricing
of Insider stock options.
ABOUT GOLD LINE RESOURCES
LTD.
Gold Line Resources is focused on acquiring mineral properties
with exceptional exploration potential in the most prolific
gold-producing regions of Sweden
and Finland. Gold Line is working
in two of the world's top mining jurisdictions and emerging
exploration frontiers due to their strong mineral endowment, stable
tenure, straightforward permitting, favourable tax regime and
supportive geopolitical landscape.
Gold Line currently holds a prospective portfolio of gold
exploration projects in Sweden and
Finland. In Sweden projects are located in the Gold Line
Mineral Belt and Skellefteå Belt of north-central Sweden, and the Mjøsa-Vänern Belt in southwest
Sweden. In Finland Gold Line holds the entire
underexplored Oijärvi Greenstone Belt located in northern
Finland.
ON BEHALF OF THE BOARD OF DIRECTORS OF GOLD LINE
RESOURCES
"Adam Cegielski"
Adam Cegielski
CEO & Director
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Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains statements that constitute
"forward-looking statements." Such forward looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Gold Line's actual results, performance or
achievements, or developments to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include
statements that are not historical facts. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause 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 and risks include, among others: that
exploration and development activities will not be completed as
planned; that the results of exploration and development activities
will not be as anticipated. Gold Line may require additional
financing from time to time in order to continue its operations
which may not be available when needed or on acceptable terms and
conditions; compliance with extensive government regulation;
domestic and foreign laws and regulations could adversely affect
Gold Line's business and results of operations; the stock markets
have experienced volatility that often has been unrelated to the
performance of companies and these fluctuations may adversely
affect the price of Gold Line's securities, regardless of its
operating performance; and the impact of COVID-19. The
forward-looking statements contained in this news release represent
the expectations of Gold Line as of the date of this news release
and, accordingly, are 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.
Gold Line undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
SOURCE Gold Line Resources Ltd.
