VANCOUVER, British Columbia, Jan. 28, 2019 (GLOBE NEWSWIRE) -- Terra Nova Resources Inc. (“TNR” or “the Company”) (CSE: TENO) is pleased to announce the appointment of Michael Resendes, to the board of directors of the Company effective immediately.
Michael Resendes is an accountant with over 20 years of experience, primarily in the automotive industry as a controller and assistant manager. Mr. Resendes holds a designation as a Certified Professional Accountant with CPABC. Mr. Resendes is the Western Regional Assistant Controller for the Dilawri Group of Companies, and a director on Sonora Gold & Silver Corp.
In connection with Mr. Resendes’ appointment, the Company granted Michael Resendes, Mark Lawson, and Nico Civelli a total of 1,700,000 stock options. The stock options are exercisable at a price of $0.08 per share, subject to certain vesting requirements and expire five years from the date of grant.
About Terra Nova Resources Inc.
Terra Nova Resources Inc. is an oil and gas company that has a 51.49% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, including a 1.47% gross overriding royalty interest on the PELs, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia.
For more information please contact:
Mark Lawson
CEO & Director
Terra Nova Resources Inc.
T: +1 647 256 1986
Email: mark@clermontcap.ca
Forward Looking Information
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Terra Nova uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Terra Nova in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Terra Nova’s expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Terra Nova’s actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things, the Company closing its investment in acquisitions, and such risks and uncertainties described in the Company’s Filing Statement dated December 13, 2016 which can be accessed at www.sedar.com. The "forward-looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
This press release is not an offer of securities for sale in the United States. The securities described in this press release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation, or sale would be unlawful.
THE CSE HAS NEITHER APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.