Lion One Appoints Ian Chang as Chief Development Officer for Advancement of the Tuvatu Gold Project in Fiji, Grants Options
April 12 2017 - 9:02AM
Lion One Metals Limited (TSX-V:LIO) (ASX:LLO)
(OTCQX:LOMLF)
(the “Company”) is
pleased to announce the appointment of Mr. Ian I Chang, M.A.Sc,
P.Eng., as Chief Development Officer. Mr. Chang has over 30 years
of experience in executive roles, project and engineering
management ranging from smaller high-grade underground gold mines
to large-scale projects, and will lead the advance of Lion One’s
fully permitted high-grade underground Tuvatu Gold Project located
near Nadi on the island of Viti Levu in the Republic of Fiji.
From 2011 until 2016 Mr. Chang was
Vice-President, Project Development for Pretium Resources Inc.,
where he managed the feasibility study and subsequent development
of Brucejack, Pretium’s $1 billion, 2,700 tonne per day (tpd), high
grade underground gold project. Mr. Chang’s corporate
responsibility encompassed all capital project development at
Pretium including engineering, procurement, and construction of all
roads, powerlines, site infrastructure, work camps, processing
facilities, and related permitting.
Mr. Chang was previously Project Director and
Head of Project Management for Fluor Canada Limited, with
responsibility for the management of EPCM for mining and metal
projects, including the EPCM contract for Vale's $3 billion Long
Harbour nickel-copper-cobalt refinery in Newfoundland. Over the
course of his career he has held management, engineering and
commissioning roles on a number of projects that have progressed
through feasibility to successful operation. His roles have
included: project manager for the engineering and procurement
portion of the US$650 million mine expansion of Minera El Abra in
Chile; pre-feasibility study manager for a 2,000 tpd mine at
Meadowbank in Nunavut; project manager for the design of the 3,300
tpd Musselwhite gold mill; project engineer on the engineering,
construction and commissioning of the copper and zinc autoclave
system of Hudson Bay's Flin Flon operations; mechanical engineer
involved in the design for the column flotation cells at the
Campbell Red Lake mine and for the design of the 450 tpd
gold-silver concentrator at the Mineral Hill mine in Montana. Mr.
Chang holds Bachelor and Master of Applied Science degrees in
mechanical engineering from the University of British Columbia and
is a registered professional engineer.
Lion One CEO Walter Berukoff commented “On
behalf of the Lion One Metals team, we would like to welcome Mr.
Ian Chang to the company’s senior management and Fiji operations
team. Ian’s EPCM and project development skillset will be
invaluable to Lion One, and will be a cornerstone of our technical
team as we transition through development at Tuvatu.”
The Company also announces it has granted
incentive stock options to various directors officers, and
employees of the Company, for the purchase of 1,200,000 common
shares of the Company. The Options each have an exercise price of
$1.00, are exercisable for a period five years, and vest over a
three year period from the date of grant. The grant of Options is
subject to acceptance by the TSX Venture Exchange.
About Lion
OneLion One Metals Limited is focused on the development
of its fully permitted high grade underground Tuvatu Gold Project
located near Nadi on the island of Viti Levu in the Republic of
Fiji. For more information on Lion One including diagrams, maps,
photos, and technical reports please visit the Company’s website at
www.liononemetals.com or the SEDAR website at www.sedar.com.
On behalf of Lion One Metals
Limited“Walter H. Berukoff”Chief Executive
Officer
Neither the TSX Venture Exchange nor its
Regulation Service Provider accepts responsibility for the adequacy
or accuracy of this release.
This press release may contain "forward-looking
information" within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical
fact, included herein are forward looking information. Generally,
forward-looking information may be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "proposed", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and
phrases, or by the use of words or phrases which state that certain
actions, events or results may, could, would, or might occur or be
achieved. This forward-looking information reflects Lion One Metals
Limited’s current beliefs and is based on information currently
available to Lion One Metals Limited and on assumptions Lion One
Metals Limited believes are reasonable. These assumptions include,
but are not limited to, the actual results of exploration projects
being equivalent to or better than estimated results in technical
reports, assessment reports, and other geological reports or prior
exploration results. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Lion One Metals Limited or its subsidiaries to be
materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may
include, but are not limited to: the early stage development of
Lion One Metals Limited, general business, economic, competitive,
political and social uncertainties; the actual results of current
research and development or operational activities; competition;
uncertainty as to patent applications and intellectual property
rights; product liability and lack of insurance; delay or failure
to receive board or regulatory approvals; changes in legislation,
including environmental legislation, affecting mining, timing and
availability of external financing on acceptable terms; not
realizing on the potential benefits of technology; conclusions of
economic evaluations; and lack of qualified, skilled labor or loss
of key individuals. Although Lion One Metals Limited has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. Accordingly, readers
should not place undue reliance on forward-looking information.
Lion One Metals Limited does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
For further information please contact
Stephen Mann, Managing Director (Perth, Australia) Tel: 604-973-3007
Hamish Greig, Vice President (North Vancouver, BC) Tel: 604-973-3008
Joe Gray, Investor Relations (North Vancouver, BC) Tel: 604-973-3004
Toll Free IR Line (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
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