VANCOUVER, April 24, 2019 /CNW/ - Defense Metals Corp.
("Defense Metals" or the "Company") (TSX-V: DEFN/
DFMTF: OTCQB / 35D: FSE) is pleased to announce Mr.
Craig Taylor and Mr. Ryan Cheung will be resuming the roles as Chief
Executive Officer and Chief Financial Officer.
Defense Metals Corp would like to announce that Mr. Richard Grayston is retiring after 40 years in
public markets and we want to thank him for his valuable knowledge
and wish him all the best in his retirement. Mr. Ryan Cheung, owner of MCPA services, will be
resuming the role as Chief Financial Officer and director. Defense
Metals Corp would also like to announce that Mr. Craig Taylor will be resuming the role as Chief
Executive Officer and Mr. Maximilian
Sali will remain on the board as a director.
About Craig Taylor
Mr. Taylor is currently a director of Defense Metals Corp. Mr.
Taylor was a director of Saber Capital Corp., a former capital pool
company, which completed its qualifying transaction and was renamed
Emblem Corp. In addition, he was a director of Advantage Lithium
Corp., a TSX-V listed junior exploration company, from March 2007 until August
2016. From April 2012 until
April 2016, he was a director of
Clear Mountain Resources Corp., a TSX-V listed junior resource
exploration company (now named Patriot One Technologies Inc.).
Also, from February 2006 until
July 2010 Mr. Taylor was the CEO,
CFO, president and a director of Angus Resources Inc., a former
capital pool company listed on the TSX-V which in 2010 completed
its qualifying transaction and was renamed Batero Gold Corp. Mr.
Taylor has also served as director and officer of several other
public companies engaged in mineral exploration and
development.
About Ryan Cheung
Ryan Cheung, CPA, CA, has been
providing accounting, management, securities regulatory compliance
services to private and public-listed companies. Mr. Cheung also
serves as an officer and/or director of a number of public-listed
companies. Mr. Cheung holds a Bachelor of Commerce degree from the
University of Victoria and is a member
of the Chartered Professional Accountants of British Columbia.
About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on
the acquisition, exploration and development of minerals, metals
and elements commonly used in the protection of our nation and
other nations abroad. Defense Metals Corp. trades under "DEFN" on
the TSX Venture Exchange. The Company owns (i) a 100% interest in
prospective uranium claims in the Athabasca Basin, Saskatchewan totalling approximately 9,362.65
hectares; (ii) has an option to acquire 100% of the Wicheeda Rare
Earth Element Project located in Prince
George, British Columbia; and (iii) has an option to acquire
100% of the Lac Burge gold property located approximately 215 km
northeast of Val d'Or, Quebec.
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 news release.
Forward Looking Information
This news release includes certain statements that constitute
"forward-looking information" within the meaning of applicable
securities law, including without limitation, the Company's plans
for its properties/projects, bulk sample testing and results,
metallurgical testing, other statements relating to the technical,
financial and business prospects of the Company, and other
matters.
Forward-looking statements address future events and conditions
and are necessarily based upon a number of estimates and
assumptions. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved), and variations of such words, and
similar expressions are not statements of historical fact and may
be forward-looking statements. Forward-looking statement are
necessarily based upon a number of factors that, if untrue, could
cause the actual results, performances or achievements of the
Company to be materially different from future results,
performances or achievements express or implied by such statements.
Such statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which the Company will operate in the future,
including the price of metals, anticipated costs and the ability to
achieve goals, that general business and economic conditions will
not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms, and that
third party contractors, equipment and supplies and governmental
and other approvals required to conduct the Company's planned
exploration activities will be available on reasonable terms and in
a timely manner. While such estimates and assumptions are
considered reasonable by the management of the Company, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and
uncertainties, which could cause actual events, level of activity,
performance or results to differ materially from those reflected in
the forward-looking statements, including, without limitation: (i)
risks related to gold, copper, uranium, rare earth elements, and
other commodity price fluctuations; (ii) risks and uncertainties
relating to the interpretation of exploration results; (iii) risks
related to the inherent uncertainty of exploration and cost
estimates and the potential for unexpected costs and expenses; (iv)
that resource exploration and development is a speculative
business; (v) that the Company may lose or abandon its property
interests or may fail to receive necessary licences and
permits; (vi) that environmental laws and regulations may
become more onerous; (vii) that the Company may not be able
to raise additional funds when necessary; (viii) the possibility
that future exploration, development or mining results will not be
consistent with the Company's expectations; (ix) exploration and
development risks, including risks related to accidents, equipment
breakdowns, labour disputes or other unanticipated difficulties
with or interruptions in exploration and development; *
competition; (xi) the potential for delays in exploration or
development activities or the completion of geologic reports or
studies; (xii) the uncertainty of profitability based upon the
Company's history of losses; (xiii) risks related to environmental
regulation and liability; (xiv) risks associated with failure to
maintain community acceptance, agreements and permissions
(generally referred to as "social licence"), including local First
Nations; (xv) risks relating to obtaining and maintaining all
necessary government permits, approvals and authorizations relating
to the continued exploration and development of the Company's
projects; (xvi) risks related to the outcome of legal actions;
(xvii) political and regulatory risks associated with mining and
exploration; (xix) risks related to current global financial
conditions; and (xx) other risks and uncertainties related to the
Company's prospects, properties and business strategy. These risks,
as well as others, could cause actual results and events to vary
significantly.
Factors that could cause actual results to differ materially
from those in forward looking statements include, but are not
limited to, continued availability of capital and financing and
general economic, market or business conditions, the loss of key
directors, employees, advisors or consultants, adverse weather
conditions, increase in costs, equipment failures, litigation,
failure of counterparties to perform their contractual obligations
and fees charged by service providers. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements. The forward-looking statements included in this
news release are made as of the date hereof and 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, except as expressly required by
applicable securities legislation.
SOURCE Defense Metals Corp.