TSX Venture Exchange Symbol: NCX
VANCOUVER, BC, Nov. 17, 2020
/CNW/ - Northisle Copper and Gold Inc. (TSXV:
NCX) ("Northisle" or the "Company") is pleased to announce the
appointment of Nicholas Van Dyk as
Vice President, Corporate Development and Investor Relations,
effective immediately.
Nicholas is a public company executive with over 15 years of
experience in corporate development, finance, and investor
relations with a focus on the mining industry. He has advised a
range of public and private companies on strategic corporate
matters, including internal and external growth projects as well as
M&A transactions, equity, and debt financings totalling more
than $35 billion. Nicholas currently
owns a consulting practice, where he advises public and private
companies on corporate development and capital markets issues.
Previously, he was Vice President, Investor Relations and Corporate
Development at Polaris Materials Corporation prior to its
acquisition by a major US construction materials company in 2017.
As a member of the executive leadership team at Polaris, he led the
successful investor relations function and created significant
value for shareholders as a key contributor to corporate strategy,
business development, finance, community relations and other
matters.
Sam Lee, President & CEO of
Northisle commented: "I am thrilled to have Nicholas join the team
at Northisle. His proven track record of value creation, strategic
thinking and effective communications will be critical to the
advancement of Northisle as it moves to accelerate the development
of the North Island Project. His recent experience advocating on
behalf of an extractive operation on Northern Vancouver Island will
be highly valued as we work to create a sustainable copper and gold
developer."
Nicholas Van Dyk added: "I am
very excited to be joining the team at Northisle. I have known Sam
for over 15 years and his enthusiasm for the North Island Project
is infectious. I share his vision for creating a sustainable copper
development company with a large resource, tangible upside and an
attractive location in a region with well developed infrastructure
and a history of mining. I am very impressed with the collective
knowledge and experience of the Northisle Board and team and look
forward to working closely with them to move the project
forward."
Nicholas started his career in the investment banking division
of a Canadian chartered bank and has also worked as an equity
research analyst. He is a CFA charterholder and is a member of the
CFA Institute, the Canadian Investor Relations Institute and the
Institute for Corporate Directors. Nicholas previously earned both
a BBA and a BSc from Wilfrid Laurier
University, where he graduated with distinction. Nicholas
currently contributes his leadership skills to several youth sports
organizations including BC Hockey and the North Shore Baseball
Association.
In connection with the appointment, the Company has approved the
grant of 650,000 stock options. In accordance with the Company's
employee stock option plan, the options will have a 5 year term and
will allow the holder to purchase common shares of the Company at a
price of $0.20, which is the closing
price of the Company's shares on the TSX-V on November 16, 2020, the date prior to the grant of
options.
About Northisle
Northisle Copper and Gold Inc. is a Vancouver based company whose mission is to
become a leading and sustainable mineral resource company for the
future. Northisle owns the North Island Project, which is one
of the most promising copper and gold porphyry deposits in
Canada. The North Island Project
is located near Port Hardy, British
Columbia on a 33,149-hectare block of mineral titles 100%
owned by NorthIsle stretching 50 kilometres northwest from the now
closed Island Copper Mine operated by BHP Billiton. The Project
boasts a large resource base that serves as the basis for the
Preliminary Economic Study issued in 2017.
For more information on Northisle please visit the
Company's website at www.northisle.ca.
On behalf of Northisle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Vice President, Corporate Development and Investor Relations
Tel: (604) 364-5752
Email: info@northisle.ca
www.northisle.ca
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Cautionary Statements regarding Forward-Looking
Information
Certain information in this news release constitutes
forward-looking statements under applicable securities law.
Any statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "intend" and
similar expressions. Forward-looking statements in this news
release include, but are not limited to, statements
relating to anticipated use of proceeds from the
Placement. Forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, Northisle's ability to implement its business
strategies; risks associated with mineral exploration and
production; risks associated with general economic conditions;
adverse industry events; marketing and transportation costs; loss
of markets; volatility of commodity prices; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms;
industry and government regulation; changes in legislation, income
tax and regulatory matters; competition; currency and interest rate
fluctuations; and other risks. Readers are cautioned that the
foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release
represent the expectations of management of Northisle as of the
date of this news release, and, accordingly, are subject to change
after such date. Northisle does not undertake any
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 law.
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.
SOURCE NorthIsle Copper and Gold Inc.