FRIEDENS, Pa., Feb. 21, 2022 /CNW/ - Corsa Coal Corp.
(TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company"), announced
that, effective today, Robert (Bob) J.
Schneid has stepped down as President and Chief Executive
Officer, and resigned as a director of the Company, to pursue other
interests. Mr. Schneid's departure is not the result of any dispute
or disagreement with the Company, including any matters relating to
the Company's accounting practices or financial reporting.
During the formal process of identifying a permanent Chief
Executive Officer, Kevin M.
Harrigan, the Company's Chief Financial Officer has been
appointed Interim President and Chief Executive Officer of the
Company and Daniel M. Bonacci, the
Company's Vice President Finance & Treasurer, has been
appointed Interim Chief Financial Officer.
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 statements and other information included in this press
release constitute "forward-looking information" or
"forward-looking statements" (collectively, "forward-looking
statements") under applicable securities laws (such statements are
usually accompanied by words such as "anticipate", "expect",
"believe", "may", "will", "should", "estimate", "intend" or other
similar words). All statements in this press release, other than
those relating to historical information or current conditions, are
forward-looking statements, including, but not limited to
statements regarding a formal search process to identify a
permanent Chief Executive Officer.
Forward–looking statements in this press release are based on
certain key expectations and assumptions made by Corsa. Although
Corsa believes that the expectations and assumptions on which such
forward–looking statements are based are reasonable, undue reliance
should not be placed on the forward–looking statements because
Corsa can give no assurance that they will prove to be correct.
Corsa disclaims any intention or obligation to update or revise
any forward-looking statements in this press release as a result of
new information or future events, except as may be required under
applicable securities laws.
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.
