Solstice Gold Corp. (TSXV: SGC) (“
Solstice”, “we”,
“our” or the “
Company”) is pleased to announce
that it has appointed Lisa Doddridge to its board of directors.
Ms. Doddridge was most recently Director,
Investor Relations at First Quantum Minerals where she led the team
to several investor relations awards in 2020 and helped establish
the company as one of the Top 100 in IR in Canada. She has been a
dedicated mining executive focused on corporate communications with
solid capital markets knowledge and extensive experience engaging
with the analyst community and institutional investors globally
over a long track record of success in the last 20 years. She has
been responsible for the formulation and successful execution of
investor relations and communications strategies for several
well-known mining companies including several high-profile
transactions, totaling more than $5 billion and numerous debt and
equity raises of close to $4 billion. Lisa is currently Principal
at Bast Consulting in Toronto, Ontario.
David Adamson, Solstice’s Board Chair stated,
“We are very pleased to have attracted someone of Lisa’s calibre
and experience to our board. Her skill set compliments our
existing, strong technical and capital markets expertise. As part
of her role, Lisa will chair a newly formed ESG Committee which
will oversee how certain areas of our business support communities
and the environment in which we work. The Committee’s goal will be
to ensure the Company provides the transparency expected by
shareholders seeking to align their capital with their values."
Mike Timmins, Solstice’s Chief Executive Officer
stated, “I am pleased to welcome Lisa to our board of directors and
the opportunity for our shareholders to benefit from her
award-winning expertise in investor relations and the broadening of
our reach to potential investors in other markets. This appointment
speaks to the quality of our group, the importance ESG and
diversity play in the Company’s decision making and the excitement
of our exploration projects.”
In connection with Ms. Doddridge’s appointment,
pursuant to Solstice’s stock option plan, the Company issued her
500,000 stock options (“Stock Options”)
exercisable for common shares of the Company (“Common
Shares”) at an exercise price of $0.18 expiring in five
years vesting in one third vesting immediately, one third after one
year and the final one third on the second anniversary. In
addition, the Company has granted an additional 500,000 Stock
Options on the same terms to one employee and one consultant.
All Stock Options were issued pursuant to the
Company’s amended and restated incentive Stock Option plan which
allows for the issuance of up to 10% of the Company’s issued and
outstanding Common Shares. As a result of the foregoing grants, the
Company has a total of 13,760,000 Stock Options issued and
outstanding representing approximately 8.4% of its issued and
outstanding Common Shares.
Ms. Doddridge’s appointment to the board of
directors is subject to the approval of the TSX Venture Exchange
(the “TSXV”).
About Solstice Gold Corp.
Solstice is a gold-focused exploration company
with quality, district-scale projects in established mining regions
of Canada. Our 174 km2 Red Lake land position is located on the
northern extensions of the prolific Red Lake Gold Camp in Ontario.
RLX is approximately 45km from the Red Lake Mine Complex owned by
Evolution Mining. The Company is funded for phase one drilling in
Red Lake. Our newly formed 225km2 Atikokan Gold Project is
approximately 23km from the Hammond Reef Gold Project owned by
Agnico Eagle Mines Limited and is fully funded for a robust field
program in 2022. Our district scale Qaiqtuq Gold Project covers 886
km2 with certain other rights covering an adjacent 683 km2, hosts a
10 km2 gold boulder field and is fully permitted with multiple
drill-ready targets. Qaiqtuq is located in Nunavut, Canada, only 26
km from Rankin Inlet and approximately 7 km from the Meliadine gold
deposits owned by Agnico Eagle Mines Limited. In October 2021, the
Company acquired a royalty and property portfolio of over 80 assets
located in Ontario and Quebec.
Solstice is committed to responsible exploration
and development in the communities in which we work.
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.
On Behalf of Solstice Gold
Corp.
Mike Timmins, Chief Executive Officer
For further information on Solstice Gold Corp.,
please visit our website at www.solsticegold.com or contact:
Phone: (604) 283-7234
info@solsticegold.com
Forward-Looking Statements and
Additional Cautionary Language
This news release contains certain
forward-looking statements (“FLS”) including, but not limited to
alignment of shareholder capital with shareholder values, the terms
of stock options granted and the approval of the TSXV of the
appointment of Ms. Doddridge to the Board. FLS can often be
identified by forward-looking words such as “approximate or (~)”,
“emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”,
“potential”, “scheduled”, “may” and “will” or similar words
suggesting future outcomes or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future
events or performance. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities
laws.
Since forward-looking information address future
events and conditions, by their very nature involve inherent risks
and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
These include, but are not limited to, that there is no guarantee
that continued exploration at Solstice exploration projects, all of
which are at an early stage of exploration, will lead to the
discovery of an economic gold deposit, the future impacts of the
COVID 19 pandemic and government response to such pandemic, the
ability of the Company to continue exploration at its projects
during the pandemic and the risk of future lack of access to the
projects as a result thereof, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, inability to locate source rocks, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the
development of projects, regulatory approvals and other factors.
FLS are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from expected
results. The Company cautions that the foregoing list of factors
that may affect future results is not exhaustive. When relying on
our forward-looking statements to make decisions with respect to
the Company, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
All forward-looking statements are based on the
Company’s current beliefs as well as various assumptions made by
Company management and information currently available to them.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Forward
looking statements reflect the beliefs, opinions and projections on
the date the statements are made and are based upon a number of
assumptions and estimates that, while considered reasonable, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies.
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