Straightup Announces Appointment of Dr. Robert Valliant To Advisory Board
November 16, 2020
The Company is pleased to announce that it has appointed Dr. Robert Valliant to its advisory board (the "Advisory Board"). Dr. Valliant's appointment to the Advisory Board is in connection with the recent acquisition by Straightup of a digital database of exploration data (the "Digital Database") from Tri Origin Exploration Ltd. ("Tri Origin") on the RLX North and RLX South properties (the "RLX Properties"), as announced by Straightup on November 10, 2020. Pursuant to the Digital Database acquisition agreement, Dr. Valliant agreed to assist and advise Straightup solely on the management and assembly of the Digital Database and on work programs proposed for the RLX Properties.
Dr. Valliant is currently the President and CEO of Tri Origin . He has a Ph.D. in Economic Geology and more than 40 years' experience in mineral exploration and mining. During his career he has been intimately involved with the discovery of gold deposits in Canada, Australia and the United States, and participated in their development into profitable, operating mines. Dr. Valliant cofounded and listed Tri Origin on the Toronto Stock Exchange (the "TSX") and founded and listed TriAusMin Ltd, Tri Origin's former subsidiary, on the ASX and TSX. Prior to Tri Origin, Dr. Valliant was Vice President Exploration for LAC Minerals Ltd., one of Canada's top gold producers prior to its takeover by Barrick Gold Corp.
"Dr. Valliant's extensive experience and previous background with the RLX Properties will greatly assist with the rapid development of exploration programs to be carried out on the RLX Properties," stated Matthew Coltura, the Company's Chief Executive Officer and President. "We are pleased to welcome someone of his caliber to add to the strength of our team, and we look forward to working with Dr. Valliant to increase the quality of our exploration efforts."
Pursuant to the Company's stock option plan, it has also granted an aggregate of 100,000 incentive stock options to an Advisory Board member. The stock options will vest immediately and each be exercisable to purchase one common share in the capital of the Company on or before November 16, 2025, at a price of $0.20 per common share.
About Straightup Resources
Straightup is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit. In addition to exploration of its Red Lake Division properties, Straightup intends to conduct exploration on the Hi-Mars Property. The Hi-Mars Property consists of 11 contiguous mineral titles covering an area of 1,788 hectares located approximately 17 kilometres northeast of the City of Powell River in southwest British Columbia, Canada, within the Vancouver Mining Division.
On Behalf of the Board of Directors
Chief Executive Officer, President and Director
For further information, please contact:
Chief Executive Officer, President and Director
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, the exercise of incentive stock options, the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's option to acquire the Hi-Mars property, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities and other risks and uncertainties disclosed in the Company's latest Management's Discussion and Analysis and filed with certain securities commissions in Canada, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.