Vancouver, British Columbia – TheNewswire - November 17, 2022 – Atco Mining Inc. (the “Company” or “Atco”) (CSE:ATCM) is pleased to announce that it has appointed Dawson Brisco to its Board of Directors. Mr. Brisco’s qualifications and skillset expand the Board’s expertise in mergers & acquisitions and finance in the natural resources sector.
About Dawson Brisco
Mr. Brisco is currently the President and Chief Executive Officer of Morien Resources Corp. (TSXV:MOX), a Canadian-based, mining development company that earns royalty-related income from two mining assets in Nova Scotia. Morien has successfully differentiated itself in the royalty sector by focusing on bulk commodities and unique capital allocation strategies for a company its size, such as dividends and share buy backs. Mr. Brisco is a Professional Geologist with over 15 years of business development and mining industry experience in a variety of roles in the bulk commodity and energy sectors. Mr. Brisco started his career in geology, having managed an exploration alliance with Xstrata Coal in Asia from 2005 to 2010, as well as various business and corporate development rolls since then. In addition to his role with Morien, Mr. Brisco is an independent Director of the Mining Association of Nova Scotia. He holds an Honours Bachelor of Science degree in Geology from Saint Mary’s University in Halifax, Nova Scotia.
“I am extremely excited to welcome Dawson Brisco to the Board of Directors,” says Alex Klenman, Chief Executive Officer of Atco. “Dawson brings a wealth of experience, knowledge and most importantly, experience in creating substantial value for his shareholders as he’s been able to do with Morien. We look forward to welcoming him to the Atco team.”
“It’s an honour to be appointed to the Board of Atco in what promises to be a transformative growth period for the Company,” says Dawson Brisco. “In a relatively short timeframe, Atco has successfully acquired a highly prospective portfolio. I look forward to working with the Board and Management team to advance these opportunities into a strong value proposition for Atco’s shareholders.”
Stock Options
The Company is also pleased to announce that it has granted 1,000,000 stock options (the “Options”) to purchase common shares of the Company (the “Option Shares”) to certain directors, officers and consultants of the Company. The Options vest on the date of issuance and are exercisable for a period of three years from the date of issuance at an exercise price of $0.20 per Option Share.
Current Program
Atco is currently compiling all available geological and geophysical data that are available for all three projects to derive a better understanding as well as to determine best exploration methods to advance each project. The company will examine the historical diamond drill hole LR-98-01 at the Newfoundland Department of Industry, Energy and Technology core storage facility in Pasadena, Nfld. The company will also be applying for work permits required to advance their projects, including geophysical surveys and diamond drilling.
About Atco Mining (CSE: ATCM):
Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS deposits in Saskatchewan as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company’s website here: www.atcomining.com.
On behalf of the Board of Directors of Atco Mining Inc.
President & CEO, Director
Alex Klenman
For further information contact:
Atco Mining Inc.
Alex Klenman – President & CEO
Email:
Telephone: (604) 681-0084
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. The Canadian Securities has neither approved nor disapproved the contents of this news release.
FORWARD LOOKING STATEMENTS:
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. 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 are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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