VANCOUVER, March 30, 2017 /CNW/ - Rapier Gold Inc.
(TSX-V: RPR) (the "Company") announces the election of a new
board of directors following its annual general meeting (the
"Meeting") held earlier today. The new board, comprised of
Darren Blasutti, Paul Parisotto, David
Lotan and Lorie Waisberg (the
"Board"), consists entirely of directors nominated by
Delbrook Capital Advisors Inc., which holds approximately 17% of
the Company's outstanding common shares. For further information in
respect of the results of voting at the Meeting, please refer to
the Company's Report of Voting Results, which can be accessed at
www.sedar.com.
Immediately following the Meeting, the Board held its first
meeting of directors, at which, among other items, David Lotan was appointed as interim Chief
Executive Officer of the Company, replacing Roger Walsh.
In the near term, the Board intends to conduct a detailed review
of the Company to determine what changes, if any, would be
desirable in light of such review and existing circumstances.
The Board looks forward to working constructively with all of the
Company's shareholders to drive value creation going forward.
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.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. 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 the securities
laws of any state of the United
States and may not be offered or sold within the United States or to, or for the account or
the benefit of, any person in the United
States unless registered under the U.S. Securities Act and
applicable state securities laws or pursuant to an exemption from
such registration requirements.
Cautionary Note Regarding Forward Looking
Statements: Certain disclosure in this release
constitutes forward-looking statements. In making the
forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's
current beliefs as well as assumptions made by and information
currently available to the Company, including that the Company is
able to procure personnel, equipment and supplies required for its
exploration activities in sufficient quantities and on a timely
basis and that actual results of exploration activities are
consistent with management's expectations. Although the
Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Such risk factors
include, among others, that actual results of the Company's
exploration activities will be different than those expected by
management and that the Company will be unable to obtain financing,
or will experience delays in obtaining any required government
approvals or be unable to procure required equipment and supplies
in sufficient quantities and on a timely basis. Readers
are cautioned not to place undue reliance on forward-looking
statements. The Company does not intend, and expressly disclaims
any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE Rapier Gold Inc.