MONTREAL, Nov. 11, 2020 /CNW/ - Tarku Resources
Ltd (TSXV: TKU) (the "Company" or "Tarku") announces that the
board of directors has approved the grant of 3,200,000 stock
options ("Options") pursuant to the Company's Stock Option Plan.
The options, which were granted to directors, officers and
consultants of the Company, are exercisable at a price of
$0.17 per share. If not exercised,
the Options will expire on November 11,
2025, subject to earlier expiration in accordance with the
Stock Option Plan and the applicable policies of the TSX Venture
Exchange.
Changes to the Board
The Board of Directors of Tarku also announces the appointment
of Mr. David Watkinson, P.Eng. as
Independent Director to the Board of Directors, effective
immediately. Concurrent with Mr. Watkinson's appointment, the Board
of Directors has accepted the resignation of Mr. Tim Termuende, who has served the Company as a
founding board member for over nine years. The Board wishes to
thank Mr. Termuende for his service to the Company and its
shareholders and wish him well in his future endeavours.
Mr. Watkinson brings over 35 years of professional engineering
experience in underground and open pit mine development, including
mine permitting, engineering, feasibility, construction, and
operations to Tarku. In addition, Mr. Watkinson has extensive
experience in project management, having taken projects from grass
roots start-up to successful operating status. Mr. Watkinson has
been responsible for management of large capital projects and
operations in Canada, the United States and the Philippines. He has progressively held
senior positions with Placer Dome Inc., Kinross Gold Corporation,
Thyssen Mining Construction and Vulcan Materials Company. Mr.
Watkinson holds a B.Sc. in Applied Science, Mining Engineering,
from Queen's University in Kingston,
Ontario (1985) and is a Registered Professional Engineer in
the Province of Ontario. He is
President and CEO of Emgold Mining Corporation.
Julien Davy, president & CEO
of Tarku, stated: "On behalf of the board, I would like to
warmly welcome David to the Tarku Board of Directors. His strong
experiences in the development of exploration projects will be
extremely valuable to Tarku looking at our Tombstone property in
Arizona. We look forward to
working with him as we see renewed interest in exploration for
gold, silver and base metals."
About Tarku Resources Ltd. (TSXV : TKU)
Tarku is an exploration company focused on making new
discoveries in favourable mining jurisdictions. In Quebec, Tarku owns 100% on the "Three
A's" exploration projects, (Apollo, Admiral and Atlas
Projects), in the Matagami
greenstone belt, which has been interpreted by management as the
eastern extension of the Detour Belt, and which has seen recent
exploration successes by Midland Exploration Inc., Wallbridge
Mining Company Ltd., Probe Metals Inc. In Arizona, Tarku owns the option to acquire 75%
on 20km2 in the Silver Mining District of Tombstone.
Website: www.tarkuresources.com
LinkedIn:
https://www.linkedin.com/company/11151575/
Facebook: https://www.facebook.com/tarkuresources/
Twitter:
https://twitter.com/TarkuResources
Neither 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.
This press release may contain forward-looking statements
that are subject to known and unknown risks and uncertainties that
could cause actual results and activities to vary materially from
targeted results and planning. Such risks and uncertainties include
those described in Tarku's periodic reports including the annual
report or in the filings made by Tarku from time to time with
securities regulatory authorities.
SOURCE Tarku Resources Ltd.