1169071 B.C. Ltd. Announces Appointment of New Directors

1169071 B.C. Ltd.

1169071 B.C. Ltd. Announces Appointment of New Directors

Friday, December 7, 2018 11:05 PM

VANCOUVER, BC / ACCESSWIRE / December 7, 2018 / 1169071 B.C. Ltd. ("071BC" or the "Company") is pleased to announce the appointments of new directors to the Company.

As of December 6, 2018, the following directors were appointed to the board:

Mr. Jonathan Held – Mr. Held is a Chartered Professional Accountant, Chartered Accountant, with CFO level experience with both private and public companies. Mr. Held has worked with a number of start-up and mid-tier companies in a number of sectors including biotech, technology, real estate and resources, both domestic and international. Mr. Held has been involved in numerous successful public market transactions including Initial Public Offerings, Reverse Takeovers and financings. Mr. Held holds a Bachelor of Mathematics and Masters of Accounting from the University of Waterloo. Mr. Held also serves as director and CFO of Signature Resources Ltd. (TSXV) since December 2012 and director of Goldstream Minerals Inc. (TSXV) since December 2015.

Mr. Michael Galloro – Mr. Galloro is an accomplished financial executive with over 20 years of experience. He gained public markets experience engaged as a Vice President of Finance for a TSXV listed company operating in the payment processing industry. He then pursued a consulting career focused primarily on the small and mid-cap space working closely with emerging private and publicly listed companies operating globally assisting with financings, M&A, corporate structuring and go public transactions, both in Canada and the US. Michael earned his Chartered Professional Accountant, Chartered Accountant (CPA, CA) designation while working in the financial institutions practice for KPMG LLP and has his Honours Bachelor of Accounting (BAcc) Degree from Brock University.

Mr. Shahnewaz Shahidi – Mr. Shahidi is a Chartered Professional Accountant, Chartered Accountant with over ten years of public accounting experience in audit, review and tax engagements in a variety of industries. Mr. Shahidi holds a Bachelor of Mathematics from the University of Waterloo.

Mr. Jonathan Held has also been appointed as Chief Executive Officer and Chief Financial Officer of 071BC. In conjunction with the aforementioned appointments, J. Scott Munro and Ron Ozols have resigned as directors and officers of the Company.

For further information please contact:

Jonathan Held, Director
E-mail: [email protected]

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of 071BC. Forward-looking information is based on certain key expectations and assumptions made by the management of 071BC. Although 071BC believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because 071BC can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. 071BC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE: 1169071 B.C. Ltd.