TORONTO, March 25, 2021 /PRNewswire/ - Treasury
Metals Inc. (TSX: TML) ("Treasury" or the
"Company") is pleased to announce the appointment of
Orin Baranowsky to the position of
Chief Financial Officer effective April 1,
2021. Mr. Baranowsky replaces Dennis
Gibson who will be retiring at the end of March 2021 and will provide consulting services
to the Company to help ensure a seamless transition.
Mr. Baranowsky brings more than 20 years of finance and capital
markets experience to this role. Most recently, he was Chief
Financial Officer for Blue Thunder Mining Inc., a Canadian-focused
minerals exploration company. Previously, he served as Chief
Financial Officer of Stornoway Diamond Corporation, where he led
the finance, accounting, corporate development, investor relations
and IT functions, and was instrumental in helping raise more than
$1 billion for the construction of
the Renard Diamond Mine in Québec. In addition, he previously
served as Vice President of Investor Relations for CB Gold Inc.,
and spent more than 10 years as an Equities Research Analyst for
BMO Capital Markets. Mr. Baranowsky holds an Honours Bachelor of
Business Administration degree from Wilfrid
Laurier University, is a member of the Chartered
Professional Accountants of Ontario, and is a CFA Charterholder.
"We are very pleased and excited to have Orin join the team at
Treasury at this time as we continue to advance the Goliath Gold
Complex and move into the next phase of our growth," said
Jeremy Wyeth, President and CEO.
"His experience in financing and developing a mine is precisely the
expertise the Company needs as we advance trade-off and engineering
studies and work towards a pre-feasibility study. On behalf of the
board of directors and the entire team I would like to welcome Orin
to Treasury Metals."
The Board of Directors would like to thank Mr. Gibson for his
contribution to the Company over the last ten years and wishes him
well in his future endeavours.
"I would like to thank Dennis for the commitment, leadership and
support he has provided to Treasury. He played a fundamental role
in numerous financings and was instrumental in helping the Company
get to where it is today," said Mr. Wyeth.
The Company has approved the granting of 300,000 stock options
to Mr. Baranowsky. In accordance with the Company's employee stock
option plan, the options will have a 3-year term and will allow the
holder to purchase common shares of the Company at a price of
$0.95.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused company with assets
in Canada. Treasury's Goliath Gold Complex ("GGC"),
which includes the Goliath, Goldlund and Miller projects, is
located in Northwestern Ontario. The GGC projects benefit
substantially from excellent access to the Trans-Canada Highway,
related power and rail infrastructure, and close proximity to
several communities including Dryden, Ontario. The Company also owns several other
projects throughout Canada, including the Lara Polymetallic
Project, Weebigee-Sandy Lake Gold Project JV, and grassroots gold
exploration property Gold Rock.
To view further details about Treasury, please visit the
Company's website at www.treasurymetals.com.
Twitter @TreasuryMetals
Forward-Looking Statements
This release includes
certain statements that may be deemed to be "forward-looking
statements". All statements in this release, other than statements
of historical facts, that address events or developments that
management of the Company expect, are forward-looking statements.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"plans", "projects", "intends", "estimates", "envisages",
"potential", "possible", "strategy", "goals", "objectives", or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions. Actual results or developments may differ materially
from those in forward-looking statements. Treasury disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws.
Since forward-looking information address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited to, exploration and production for
precious metals; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the
uncertainty of resource estimates; health, safety and environmental
risks; worldwide demand for gold and base metals; gold price and
other commodity price and exchange rate fluctuations; environmental
risks; competition; incorrect assessment of the value of
acquisitions; ability to access sufficient capital from internal
and external sources; and changes in legislation, including but not
limited to tax laws, royalties and environmental
regulations.
Actual results, performance or achievement could differ
materially from those expressed in, or implied by, the
forward-looking information and, accordingly, no assurance can be
given that any of the events anticipated by the forward-looking
information will transpire or occur, or if any of them do so, what
benefits may be derived therefrom and accordingly, readers are
cautioned not to place undue reliance on the forward-looking
information.
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SOURCE Treasury Metals Inc.