Macarthur Minerals Announces Board Changes
September 24 2019 - 8:00AM
Macarthur Minerals Limited (TSX-V: MMS) (OTCQB:
MMSDF) (the “Company” or “Macarthur”) is pleased to
announce the appointment of Daniel Lanskey to the Board of
Directors as an Independent Director, subject to TSX-V approval and
the retirement of Earl Evans.
Mr Lanskey holds a post graduate Business
Degree from Griffith University in Entrepreneurship and Venture
Development. He has over 15 years’ experience in Senior
Management in the Public Markets and has been a Director and/or
Chairman of ASX, OTCQX and TSXV listed Companies. He has been
involved in numerous start-up Companies across various Industries
including Information Technology, Oil and Gas, Mining and Real
Estate. Working with an extensive capital market network across the
Asia Pacific Region and North America, Mr Lanskey has been involved
in numerous successful capital raisings via Private Placements for
Pre IPO-funds, Initial Public Offerings and Reverse Takeovers of
existing Public Companies.
Cameron McCall, Executive Chairman of
Macarthur Minerals commented:
“Daniel Lanskey is a welcome addition to our
board of directors with his diverse corporate experience in funding
and developing to commercialisation, a number of Canadian and
Australian listed companies in the oil and gas, technology and
medical product sectors. His presence on the board of
directors will be invaluable as Macarthur transitions from explorer
to developer with the aspirations to becoming a long-term magnetite
exporter to major world markets.”
“On behalf of the Board, I would like to thank
Earl Evans for his unwavering support as Non-Executive Director of
Macarthur and his continued strong commitment to the long-term
development of the Company’s Lake Giles Iron Project. Mr
Evans will continue as a consultant to the company and will assist
Macarthur in achieving its goal of dual listing on ASX.”
ABOUT MACARTHUR MINERALS LIMITED (TSX-V:
MMS, OTCQB: MMSDF)
Macarthur is an iron ore development, gold and
lithium exploration company that is focused on bringing to
production its Western Australia iron ore projects. The Lake Giles
Iron Ore Project includes the 80 million tonne Ularring hematite
resource (approved for development) and the 710 million tonne
Moonshine magnetite resource. Macarthur has prominent (~1,281
square kilometer tenement area) gold, lithium and nickel
exploration interests in Pilbara region of Western Australia. In
addition, Macarthur has lithium brine Claims in the emerging
Railroad Valley region in Nevada, USA.
On behalf of the Board of Directors,MACARTHUR MINERALS
LIMITED
“Cameron McCall”Cameron McCall, Executive Chairman
Company ContactJoe Phillips,
CEO and DirectorEmail:
jphillips@macarthurminerals.com
Telephone: +61 448899247Website:
www.macarthurminerals.com
THIS NEWS RELEASE IS NOT FOR
DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Caution Regarding Forward Looking
StatementsCertain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. The forward-looking statements in this press
release reflect the current expectations, assumptions or beliefs of
the Company based upon information currently available to the
Company. With respect to forward-looking statements contained in
this press release, assumptions have been made regarding, among
other things, the timely receipt of required approvals, the
reliability of information, including historical mineral resource
or mineral reserve estimates, prepared and/or published by third
parties that are referenced in this press release or was otherwise
relied upon by the Company in preparing this press release.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and no
assurance can be given that these expectations will prove to be
correct as actual results or developments may differ materially
from those projected in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include fluctuations in exchange rates
and certain commodity prices, uncertainties related to mineral
title in the project, unforeseen technology changes that results in
a reduction in iron ore demand or substitution by other metals or
materials, the discovery of new large low cost deposits of iron
ore, uncertainty in successfully returning the project into full
operation, and the general level of global economic activity.
Readers are cautioned not to place undue reliance on
forward-looking statements due to the inherent uncertainty thereof.
Such statements relate to future events and expectations and, as
such, involve known and unknown risks and uncertainties. The
forward-looking statements contained in this press release are made
as of the date of this press release and except as may otherwise be
required pursuant to applicable laws, the Company does not assume
any obligation to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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