Vancouver, British Columbia–(Newsfile Corp. – February 6, 2020) – Lodge Resources Inc. (CSE: LDG) (“Lodge” or the “Company”) is pleased to announce that Mr. Kelvin Lee of Vancouver B.C., has been appointed Vice-President of the Company. Mr. Lee has over 15 years of extensive financial management experience with publicly traded companies. He most recently was the Chief Financial Officer for a TSX-V listed gold producer with $400 million in revenue over the past nine years. He held prior controller positions in the mining industry with various publicly traded companies including Prodigy Gold Inc. that was acquired for $340 million. Mr. Lee is a CPA, CGA and holds a Diploma in Accounting (Hons) and a Bachelor in Business Administration (Hons) from the British Columbia Institute of Technology.
The Company has signed a consulting agreement with Skanderbeg Capital Advisors Inc. of Vancouver to provide capital market advisory services, including introductions to prospective investors and merger and acquisition transactions and advising on capital structuring and other financial aspects of financings or strategic transactions.
The Company has granted stock options to certain of its officers and consultants for 1,150,000 common shares, exercisable at $0.485 per share for 5 years.
About the Company:
The Company is a mineral exploration company currently focused on the acquisition, exploration and development of the Comstock Property, located in the Nicola Mining District, British Columbia.
The Company continues to work on the proposed Lower 48 acquisition as set out in the Company’s news release of November 28, 2019 and expects to sign the definitive documentation shortly, with closing targeted to be in the next two months.
For further information, please contact Howard Milne, CEO of Lodge, at (604) 377-8994, email .
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Forward-looking Statements: Certain statements in this press release are “forward-looking statements” which reflect the Company’s current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “estimates”, “predicts” or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at and in the Company’s filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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