Morien Announces Appointment of Mary Ritchie to its Board of Directors
May 06 2020 - 10:00AM
Morien Resources Corp.
(
TSX-V:MOX) ("
Morien" or the
"
Company"), announced today the appointment of Ms.
Mary Ritchie to the Company’s Board of Directors (the
“Board”).
Mary Ritchie is the President and Chief
Executive Officer of Richford Holdings Ltd., an accounting and
investment advisory services firm based in Edmonton, Alberta.
Ms. Ritchie has over 30 years of experience in both the
public, private and not-for-profit sectors and is a Fellow of CPA
Alberta. She is a member of the board of directors and audit
committees of Alaris Royalty Corp. (TSX), EnWave Corporation (TSXV)
and IPL Plastics Inc. (TSX). She has been a past director on a
number of boards, including the Canada Pension Plan Investment
Board, Industrial Alliance Insurance, Financial Services Inc.
(TSX), iA Financial Corporation Inc. (TSX) and a past member of the
RBC Global Asset Management’s independent oversight committee.
Ms. Ritchie has agreed to join the Board in
advance of the Company’s Annual and Special Meeting of
Shareholders, scheduled for May 20, 2020, where she was originally
slated for election.
About Morien
Morien is a Canada based, mining development
company that holds royalty interests in two tidewater accessed
projects. Before going on care and maintenance, the Donkin Coal
Mine commenced production in 2017, and the Black Point Aggregate
Project, permitted in 2016, is progressing toward a development
decision and is paying advanced minimum royalties to Morien.
Morien’s management team exercises ruthless discipline in managing
both the assets and liabilities of the Company. The Company’s
management and its Board of Directors consider shareholder returns
to be paramount over corporate size, number or scale of assets and
industry recognition. The Company has 52,419,114 issued and
outstanding common shares and a fully diluted position of
55,149,114. Further information is available at
www.MorienRes.com.
Forward-Looking Statements
Some of the statements in this news release may
constitute “forward-looking information” as defined under
applicable securities laws. These statements reflect Morien’s
current expectations of future revenues and business prospects and
opportunities and are based on information currently available to
Morien. Morien cautions that actual performance will be affected by
a number of factors, many of which are beyond its control, and that
future events and results may vary substantially from what Morien
currently foresees. Factors that could cause actual results to
differ materially from those in forward-looking statements include
risks and uncertainties described in Morien’s annual information
form filed with the Canadian Securities regulators on SEDAR
(www.sedar.com) on April 26, 2016. Morien cautions that its royalty
revenue will be based on production by third party property owners
and operators who will be responsible for determining the manner
and timing for the properties forming part of Morien’s royalty
portfolio. These third party owners and operators are also subject
to risk factors that could cause actual results to differ
materially from those predicted herein including: volatility in
financial markets or general economic conditions; capital
requirements and the need for additional financing; fluctuations in
the rates of exchange for the currencies of Canada and the United
States; prices for commodities including coal and aggregate;
unanticipated changes in production, mineral reserves and mineral
resources, metallurgical recoveries and/or exploration results;
changes in regulations and unpredictable political or economic
developments; loss of key personnel; labour disputes; and
ineffective title to mineral claims or property. There are other
business risks and hazards associated with mineral exploration,
development and mining. Although Morien believes that the
forward-looking information contained herein is based on reasonable
assumptions (including assumptions relating to economic, market and
political conditions, the Company’s working capital requirements
and the accuracy of information supplied by the operators of the
properties in which the Company has a royalty interest), readers
cannot be assured that actual results will be consistent with such
statements. Morien expressly disclaims any intention or obligation
to update or revise any forward-looking information in this news
release, whether as a result of new information, events or
otherwise, except in accordance with applicable securities laws.
All dollar values discussed herein are in Canadian dollars. Any
financial outlook or future-oriented financial information in this
news release, as defined by applicable securities laws, has been
approved by management of Morien as of the date of this news
release. Such financial outlook or future-oriented financial
information is provided for the purpose of providing information
about management’s current expectations and plans relating to the
future. Readers are cautioned that such outlook or information
should not be used for purposes other than for which it is
disclosed in this news release.
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.
For more information, please contact:
Dawson Brisco, President & CEOPhone: (902) 403-3149
dbrisco@MorienRes.comorJohn P.A. Budreski, Executive ChairmanPhone:
(416) 930-0914
www.MorienRes.comTSX-V: MOX
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