Toronto, Ontario--(Newsfile Corp. - December 9, 2020) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road Minerals" or the "Company"), a gold and copper focused mineral exploration and development company, is pleased to announce the appointment of Marcus Stone to the Board of Directors and the award of stock options under its stock option plan.
Marcus is located in Jersey where the Company is domiciled. Marcus is the founding partner of Lexstone Lawyers and a Jersey qualified lawyer with more than 25 years' of experience in corporate finance. His practice area includes mining, oil and gas. Marcus is a member of the disciplinary panel of the Jersey Law Society, a registered person under the Financial Services (Jersey) Law 1988 and a former board member of The International Stock Exchange. Marcus also serves as a non-executive director on the board of various private investment and asset management businesses.
"It gives me great pleasure to welcome Marcus to the team," said Tim Coughlin, Royal Road's President and Chief Executive Officer. He stated further: "Marcus will bring invaluable legal and corporate governance experience to the Company ensuring that we remain in step, compliant and responsive to regulatory requirements in the countries in-which we operate."
The Company also announces that it has granted employee incentive stock options to purchase an aggregate of 10,000,000 ordinary shares of the Company pursuant to the Company's stock option plan. The options are exercisable until December 9, 2025 at a price of $0.40 per share and shall vest as to 30% of the options, 90 days from the grant date; as to a further 30% of the options, 180 days from the grant date; and as to the remainder of the options, 360 days from the grant date.
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.
This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements regarding the use of proceeds from the private placement transactions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company's most recent annual information form under the heading "Risk Factors", which has been filed electronically by means of the Canadian Securities Administrators' website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
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