TORONTO, Dec. 20, 2021 /CNW/ - Metal Energy Corp.
("Metal Energy" or the "Company") (TSXV: MERG) is
pleased to announce that Kevin
Canario has been appointed the Company's Chief Financial
Officer. Most recently, he was Corporate Controller of Battle North
Gold Corporation where he was instrumental in the eventual
sale of the Bateman Gold project. Prior to this, Mr. Canario was
the CFO of INV Metals Inc. and worked at PricewaterhouseCoopers LLP
for 5 years within the mining assurance practice managing audits
for a variety of publicly listed clients ranging from small
exploration to large multi-asset operations. Mr. Canario holds a
CPA, CA and Honours Bachelor of Commerce from McMaster University, Canada.
Metal Energy and the Ore Group would also like to announce the
retirement of Jeff Potwarka, the
Company's outgoing CFO. The entire Ore Group team thanks Mr.
Potwarka for his dedication and many years of service to the team
and Company's shareholders and wishes him the best in his future
endeavours.
The Company also announces that in accordance with its stock
option plan, it has granted a total of 450,000 incentive options to
officers, directors, and consultants of the Company, at an option
price of $0.20 per share, exercisable
for a period of five years from the date of issue.
About Metal Energy Corp.
Metal Energy is a well-funded
Nickel and battery metal exploration company with two projects,
Manibridge and Strange, in the politically stable jurisdictions of
Manitoba and Ontario, Canada, respectively. Both projects
are subject to earn-in agreements where the Company can acquire
100% exploration rights to approximately 16,200
hectares.
Neither 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.
Forward-looking statements
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. "Forward-looking information" in this news release
includes information about the Company's expectations regarding
future operations and other forward-looking information. Factors
that could cause actual results to differ materially from those
described in such forward-looking information include, but are not
limited to, the application of the proceeds of the Offering as
anticipated by management and the inability to obtain the necessary
TSX Venture Exchange approval to complete the Offering. The
forward-looking information in this news release reflects the
current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to close the Offering, that the Company's financial
condition and development plans do not change as a result of
unforeseen events, and that the Company will receive all required
regulatory approvals, TSX Venture Exchange approval, for the
Offering.
Although the Company believes that the assumptions inherent
in the forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein. The Company does not
assume any obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
reflected in the forward-looking statements, unless and until
required by applicable securities laws. Additional information
identifying risks and uncertainties is contained in the Company's
filings with the Canadian securities regulators, which filings are
available at www.sedar.com
SOURCE Metal Energy
