Vancouver, British Columbia--(Newsfile Corp. - August 28, 2020) - SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q)
or the "Company"
) is pleased to announce the appointment of Mr. Brian Skanderbeg as a special advisor to the Board of Directors effective immediately.
Mr. Ross McElroy, Chair of the Board, commented, "Brian's significant technical experience, especially in the Saskatchewan Gold Districts, will be an extremely valuable asset to the Board and management team as we advance our gold projects and pursue other mergers and acquisitions in Saskatchewan. Brian's commitment to SKRR is a strong endorsement of the management team and the potential that exists with our significant land position in Saskatchewan."
Brian Skanderbeg, Special Advisor to the Board
Mr. Skanderbeg is currently founding CEO of GFG Resources Inc., an Abitibi gold belt focused company and was most recently President and CEO of Claude Resources Inc. since November 2014 - which was acquired by Silver Standard Resources Inc. for $337 million. He previously worked for Goldcorp, Inco Ltd. and Helio Resource Corp., holding positions in both exploration and operations. Mr. Skanderbeg is also a director of Wesdome Mines Gold Ltd. He holds a B.Sc. from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in the exploration and evaluation of gold systems, operational management, cost and asset optimization and strategic analysis.
In conjunction with the appointment of Mr. Skanderbeg, the Company granted him 250,000 stock options to purchase common shares of the Company which are exercisable for a period of five years at a price of $0.37per common share.
About SKRR Exploration Inc.:
SKRR is a Canadian-based precious metal explorer with properties in Saskatchewan - one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious metal deposits. The Trans-Hudson Orogen - although extremely well known in geological terms has been significantly under-explored in Saskatchewan. SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.
ON BEHALF OF THE BOARD
President & CEO
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.
Cautionary Statement Regarding Forward Looking Information
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the advancement of the Company's gold projects and pursuing other mergers and acquisitions in Saskatchewan, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, equipment failures, failure to maintain all necessary government permits, approvals and authorizations, decrease in the price of gold and other metals, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.