FRIEDENS, Pa., Nov. 18,
2022 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX:
CRSXF) ("Corsa" or the "Company"), a premium quality metallurgical
coal producer, today announced that, effective today, Ronald G. Stovash has been named Chair of the
Board of Directors of the Company. Mr. Stovash succeeds
Robert (Bo) Sturdivant, who is
retiring as a director of the Company effective December 31, 2022.
"Bo has served as a director and Chair since 2017 and the Board
wishes to thank him for his valuable contributions to Corsa. I look
forward to my new role as Chair and to working with management with
a view to improving both our near-term operations and long-term
results," said Mr. Stovash.
Mr. Stovash has served as a director of Corsa since
2013, a member of the Health, Safety, and Environment
Committee since 2013, a member of the Governance, Nominating, and
Compensation Committee since 2013 and Committee Chair since 2014,
and member of the Audit Committee since 2016. Additional details
regarding Mr. Stovash's expertise and background can be found in
the Company's management information circular dated May 6, 2022, a copy of which can be found at
www.corsacoal.com or under the Company's profile on SEDAR at
www.sedar.com.
The Board does not expect that a successor for Mr. Sturdivant
will be appointed prior to the next annual general meeting of
shareholders of Corsa.
Information about Corsa
Corsa is a coal mining company focused on the production and
sales of metallurgical coal, an essential ingredient in the
production of steel. Our core business is producing and selling
metallurgical coal to domestic and international steel and coke
producers in the Atlantic and Pacific basin markets.
Forward-Looking
Statements
Certain information set forth in this press release contains
"forward-looking statements" and "forward-looking information"
(collectively, "forward-looking statements") under applicable
securities laws. Except for statements of historical fact, certain
information contained herein including, but not limited to,
statements relating to the improvement of the Company's near-term
operations and long-term results, and the appointment of a
successor to Mr. Sturdivant prior to the next annual general
meeting of shareholders of Corsa constitute forward-looking
statements which include management's assessment of future plans
and operations and are based on current internal expectations,
assumptions and beliefs, which may prove to be incorrect. Some of
the forward-looking statements may be identified by words such as
"will", "estimates", "expects" "anticipates", "believes",
"projects", "plans", "capacity", "hope", "forecast", "anticipate",
"could" and similar expressions. These statements are not
guarantees of future performance and undue reliance should not be
placed on them. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties. These risks and
uncertainties include, but are not limited to: changes in market
conditions, governmental or regulatory developments as a result of
the COVID-19 pandemic or otherwise, the operating status and
capabilities of our customers and competitors; various events which
could disrupt operations and/or the transportation of coal
products, including labor stoppages, the outbreak of disease and
severe weather conditions; and management's ability to anticipate
and manage the foregoing factors and risks. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The reader is
cautioned not to place undue reliance on forward-looking
statements. Corsa does not undertake to update any of the
forward-looking statements contained in this press release unless
required by law.
The TSX Venture Exchange has in no way passed on the
merits of 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.
SOURCE Corsa Coal Corp.