VANCOUVER, BC, May 2, 2023
/CNW/ - Western Atlas Resources Inc.
("Western Atlas" or the "Company") (TSXV: WA), is pleased to announce the appointment of
Stephen Wilkinson, M.Sc. (Geology),
B.Sc. (Geology), MBA, as Director of the Company.
About Mr. Wilkinson
Mr. Wilkinson brings to Western Atlas multidecades of
experience, having acted as president of numerous resource
companies and investment funds. His prior experience includes
President and CEO of ValGold Resources Ltd., President and CEO of
Blue Star Gold Corp., a founding director of Colombia Gold Corp.
and an independent director of Bolivar Gold Corp., President,
CEO and a director of Northern Orion Explorations Ltd. and a mining
analyst for RBC Dominion Securities Inc., responsible for small
capitalization and gold and base metal companies. Mr. Wilkinson
holds his MBA from Clarkson University,
Potsdam, New York, his M.Sc. (Geology) from Carleton University and his B.Sc. (Geology) from
the University of Western Ontario. In
addition, Mr. Wilkinson sits on the Dean of Science advisory board
at Western University in London, Ontario.
"We are very pleased to welcome Mr. Wilkinson to our board of
directors. His professional experience and successful track
record will provide valuable support for the growth of Western
Atlas and we look forward to working with him." commented
Fabio Capponi, Chief Executive Officer of Western Atlas.
In connection with Mr. Wilkinson's appointment, the Company
granted 500,000 incentive stock options and 300,000 restricted
share units. These stock options will be exercisable at
$0.05 per share, for a term of two
years. The terms of the stock options will be in accordance with
the Company's Stock Option Plan subject to regulatory approval. The
terms of the restricted share units will be in accordance with the
Company's Long-Term Performance Incentive Plan.
Concurrently Susan Rubin has
stepped down as a Director of the company.
About Western Atlas
The Company's common share are listed on the TSX Venture
Exchange under the symbol
WA. Western Atlas is focused
on the acquisition and development of scalable precious
metals projects in premier mining jurisdictions. Western Atlas's
wholly owned subsidiary, 5530 Nunavut Inc., holds its interests in
the Meadowbank project located in Nunavut, Canada.
Reader Advisory
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.
SOURCE Western Atlas Resources