Rupert Resources Announces Board Changes
June 15 2020 - 04:55AM
Business Wire
Rupert Resources Ltd (“Rupert” or “the Corporation”) announces
changes to its Board to take place with immediate effect. Michael
Ouellette, Chief Executive Officer of a US based family office and
George Ogilvie: P.Eng., President and Chief Executive Officer of
Rubicon Minerals Corporation will join the Board as Non-Executive
Directors. Robert Suttie, a Non-Executive Director since November
2017 is to retire from the Board.
Chairman of Rupert Resources, Gunnar Nilsson said "Michael and
George bring extensive financial, technical and operational
experience to Rupert as we look to build on the new discoveries at
Area 1 and advance the Pahtavaara Project. I would also take this
opportunity to thank Rob Suttie for his valued contribution to the
Company since 2017.”
Michael Ouellette currently serves as Chief Executive Officer
for a US-based family office and has over two decades of executive
leadership in the family office industry. Throughout most of his
career, he has worked with closely-held companies, private and
public investments, and on board governance including several
appointments as a Director or an advisor for private and non-profit
organizations. He has a degree in Business Management from the
University of Maine and also holds a Masters Degree in Public
Policy with a specialization in Financial Management from the
Muskie School of Public Policy at USM. Mr. Ouellette will chair the
Audit Committee of the Corporation.
George Ogilvie is a mining industry executive with more than 30
years of management, operating, and technical experience in the
mining industry. Previously, Mr. Ogilvie was the CEO of Kirkland
Lake Gold Inc., where he and his team improved operations at the
Macassa Mine and elevated the company’s profile with the
acquisition of St. Andrew Goldfields. Prior to this, Mr. Ogilvie
was the CEO of Rambler Metals and Mining PLC (“Rambler”), where he
and his team guided the evolution of the company from grassroots
exploration to a profitable junior producer. Mr. Ogilvie began his
mining career in 1989 with AngloGold in South Africa working in the
ultra-deep, high-grade, gold mines in the Witwatersand Basin. In
1997, he was the Mine Superintendent at the Ruttan Mine in Northern
Manitoba for HudBay Minerals Inc. (formerly Hudson Bay Mining and
Smelting Co. Ltd.). In 2004, Mr. Ogilvie joined Dynatec Corporation
as their Area Manager for the Sudbury Basin and later worked at the
McCreedy West Mine as Mine Manager. In 2007, he joined Rambler as
Chief Operating Officer, later becoming President and CEO. Mr.
Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum
Engineering from Strathclyde University in Glasgow, Scotland, holds
his Mine Managers Certificate (South Africa) and is a registered
Professional Engineer in Ontario, Canada
About Rupert
Rupert is a Canadian based gold exploration and development
company that is listed on the TSX Venture Exchange under the symbol
“RUP”. The Company owns the Pahtavaara gold mine, mill, and
exploration permits and concessions located in the Central Lapland
Greenstone Belt in Northern Finland (“Pahtavaara”). Pahtavaara
previously produced over 420koz of gold and 474koz remains in an
Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5
g/t Au cut-off grade, see the technical report entitled “NI 43-101
Technical Report: Pahtavaara Project, Finland” with an effective
date of April 16, 2018, prepared by Brian Wolfe, Principal
Consultant, International Resource Solutions Pty Ltd., an
independent qualified person under National Instrument 43-101 –
Standards of Disclosure for Mineral Projects). The Company also
holds a 100% interest in two properties in Central Finland -
Hirsikangas and Osikonmaki; the Gold Centre property, which
consists of mineral claims located in the Balmer Township, Red
Lake, Ontario; and the Surf Inlet Property in British Columbia.
Web: http://rupertresources.com/
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 Note Regarding Forward Looking Statements
This press release contains statements which, other than
statements of historical fact constitute “forward-looking
statements” within the meaning of applicable securities laws,
including statements with respect to: results of exploration
activities, mineral resources. The words “may”, “would”, “could”,
“will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,
“expect” and similar expressions, as they relate to the Company,
are intended to identify such forward-looking statements. Investors
are cautioned that forward-looking statements are based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently
subject to a variety of risks and uncertainties and other known and
unknown factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the general risks of the mining industry, as
well as those risk factors discussed or referred to in the
Company's annual Management's Discussion and Analysis for the year
ended February 29, 2020 available at www.sedar.com. Should one or more of these risks
or uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate as actual results and
future events could differ materially from those anticipated in
such statements. The Company does not intend, and does not assume
any obligation, to update these forward-looking statements except
as otherwise required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200615005305/en/
For further information:
James Withall Chief Executive Officer
jwithall@rupertresources.com
Thomas Credland Head of Corporate Development
tcredland@rupertresources.com
Rupert Resources Ltd 82 Richmond Street East, Suite
203, Toronto, Ontario M5C 1P1 Tel: +1 416-304-9004
Rupert Resources (TSX:RUP)
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