Tarku announces the Grant of Stock Options and Board appointment

 
 

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.

 

 

 

 Cision View original content: https://www.newswire.ca/en/releases/archive/November2020/11/c9406.html  

 
 

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Rick Rule, mine site.

Rick Rule: Gold's Next Move, Hated Sectors I Love, Top 3 ASX Mining Stocks

Rick Rule, proprietor at Rule Investment Media, shares his latest thoughts on the resource space, including the sectors where he sees the most hate — and the most opportunity.

Click here to download recordings from the Rule Symposium.

Keep reading...Show less
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less

Latest Press Releases

Related News

×