TORONTO, Feb. 26, 2020 /CNW/ - Warrior Gold Inc. (TSX-V
- WAR) ("Warrior Gold" or the "Company") announces the
appointment of Steve Burleton, MBA,
CFA, ICD.d. as a director of the Company and the resignation of
Malcolm Burke effective February 27, 2020. Malcolm Burke will continue in an active role as
an advisor to the Company.
Steve Burleton is an experienced
mining executive with significant experience in capital raising,
corporate development and strategy. He most recently was
the President and CEO of GT Gold where he raised close to
$25 million in equity and brought in
Newmont Corporation as a strategic investor to support the newly
discovered Saddle North project. Prior to GT Gold, Steve was
Vice President, Business Development at Richmont Mines Inc. which
was acquired by Alamos Gold Inc. for US$770
million in 2017. While with Richmont, Steve was responsible
for financing initiatives and worked closely with Richmont's
executive team in determining the Company's strategic direction.
Prior to entering the mining industry, Steve spent over 18 years in
the Canadian investment banking industry, including positions of
Managing Director of Investment Banking at Wellington West Capital
Markets Inc. and at Scotia Capital Inc. advising and executing debt
and equity financing for companies in the mining, fertilizer and
industrial products sectors. Steve is a CFA charterholder,
has an MBA from York University and
holds an ICD.d designation from the Rotman School of
Management.
Danièle Spethmann, President and CEO of Warrior Gold stated, "We
are delighted to have Steve join the Warrior Gold team. His
experience in mining and capital markets will be of great value to
the Company as we advance our Goodfish-Kirana Project. We
would like to thank Malcolm Burke
for his many years of contribution to the Board. His
insightfulness and efforts significantly contributed to the merger
that created Warrior Gold and we look forward to his continued
involvement and support as an advisor."
"I am very pleased to be joining the Warrior Gold Board. Warrior
Gold's Goodfish-Kirana Property in the Kirkland Lake camp of Northern Ontario is a highly prospective and
promising brownfields exploration project in a world-famous and
prolific gold mining district. I look forward to working with the
Warrior Gold team as they advance the project to discovery," added
Steve Burleton on his
appointment.
About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange-listed Company that owns
the Goodfish-Kirana Property located five km from the Town of Kirkland Lake, Ontario. The Property
is located in the historic Kirkland Lake
Gold Camp which is situated in the prolific Abitibi
Greenstone Belt, recognized as one of the world's highest grade
greenstone belts with over 200 million ounces of gold produced to
date.
The Goodfish-Kirana Property is 11.5 km long by roughly 3 km
wide (34 km2) and contains three major structural
trends: the east-west trending Kirana Deformation Zone; the
northeast-trending Goodfish Deformation Zone; and the Victoria
Creek Deformation Zone on the recently acquired Sutton claims on the northeast side of the
property. The Property contains numerous historical gold showings,
as well as 18 historical pits and shafts.
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.
Forward-Looking Statements: This press
release contains forward-looking statements. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"may", "will", "would", "potential", "proposed" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. The forward-looking statements are based on certain
key expectations and assumptions made by the Company. Although
Warrior Gold believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because Warrior Gold can give no assurance that they
will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks. In addition to other risks that may affect the
forward-looking statements in this press release are those set out
in the Company's Management Discussion and Analysis of the
financial condition and results of operations for the year ended
March 31, 2019, and the second
quarter ended September 30, 2019,
which are available at www.sedar.com. The forward-looking
statements contained in this press release are made as of the date
hereof and Warrior Gold undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so
required by applicable securities laws.
This press release does not constitute an offer, invitation
or recommendation to subscribe for or purchase any securities and
neither this press release nor anything contained in it shall form
the basis of any contract or commitment. In particular, this press
release does not constitute an offer to sell, or a solicitation of
an offer to buy, securities in the United
States, or in any other jurisdiction in which such an offer
would be illegal.
SOURCE Warrior Gold Inc.
