NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
- François Cartier brings additional commercial and strategic experience to the Rogue Board
- A new ad hoc Board Committee will support Management, to try and unlock value from the Silicon Ridge project
TORONTO, ON / ACCESSWIRE / August 19, 2020 / Rogue Resources Inc. (TSX-V:RRS) ("Rogue" or the "Company") is pleased to announce that François Cartier has been appointed to the Rogue Board of Directors pending exchange approval. Mr. Cartier is a trained engineer with extensive financial and commercial experience, particularly in Quebec, including with La Caisse de dépôt et placement du Québec and Hydro Québec. He began his career as a consultant in Montréal with Capgemini and after business school spent 5 years in Toronto with Direct Energy's M&A group, (working for part of that period alongside Sean Samson, Rogue's President & CEO). Mr. Cartier is fully bilingual in French and English and is a member of L'Ordre des ingénieurs du Québec.
The Company is also pleased to announce the formation of a new ad hoc committee of the Board to focus on Québec and in particular, to develop and implement a go-forward strategy for Rogue's 100%-owned Silicon Ridge Project located approximately 42 km north of Baie St. Paul, Québec.
"I am excited for François to join our Board, his expertise and experience nicely compliments our current group," said Sean Samson, President and CEO of Rogue Resources, "it has been a challenging past couple years for us in Québec and I hope that with some more focused attention we can advance our interests and try to unlock some value for the Company from our asset and investments in the province. We continue to believe that Silicon Ridge is quite valuable to the province, as a low cost producer, an example of low impact development that creates good jobs and it could play a key role in Québec's low-carbon future."
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and quality deposits that can withstand all stages of the commodity price cycle. The Company includes Rogue Stone selling quarried limestone for landscape applications from two operating quarries in Ontario; Rogue Quartz focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec; and Rogue Timmins with the nickel resource at Langmuir and the gold potential at Radio Hill.
For more information visit www.rogueresources.ca or contact:
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "intends", "target", "estimates", "projects", "continue", "potential" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved.
Certain disclosures in this release constitute forward-looking statements, including timing of completion of exploration work. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
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SOURCE: Rogue Resources Inc