Royal Road Minerals Announces Appointment of New Chief Financial Officer and Resignation of Director and Chief Financial Officer
TORONTO, ON / CRWEPRESSRELEASE / September 8, 2015 /Royal Road Minerals Limited (CVE:RYR) (“Royal Road Minerals” or the “Company”), a gold and copper focused mineral exploration and development company, is pleased to announce that Rebecca Hudson, CPA, CA has been appointed as Chief Financial Officer of the Company, which will take effect on September 8, 2015. In this role as Chief Financial Officer, Ms. Hudson will succeed Sol Thacker who has resigned from this position and also as a director of the Company.
Ms. Hudson is a Chartered Professional Accountant (CPA, CA) (2000) and an experienced Chief Financial Officer in the mineral exploration sector with over 17 years of experience in finance, accounting and reporting roles at various levels of senior management. In addition to her role with the Company, she will continue to serve as Chief Financial Officer of Wabi Exploration Inc., Hornby Bay Mineral Exploration Ltd. and Claim Post Resources Inc., positions she has held since May 2011, October 2010 and January 2011, respectively. Previously, Ms. Hudson has held a number of other senior finance positions and, since 2007, Ms. Hudson has served as CFO and consulted for a number of both privately-held and publicly-listed junior resource companies with projects in North and South America. Ms. Hudson got her start in the mining industry as a Manager of International Exploration Accounting with Falconbridge, and later as Manager of Financial Reporting at Xstrata. She has also worked as an auditor at Grant Thornton LLP in Toronto and at PricewaterhouseCoopers LLP in the Dominican Republic. Ms. Hudson is fluent in English and Spanish, and holds a Bachelor’s Degree and a Masters of Accounting from the University of Waterloo.
Dr. Tim Coughlin, President and Chief Executive Officer of the Company, stated “I am very pleased to welcome Rebecca to the Royal Road Minerals team and look forward to working with her as we take the Company through its next phase of development. Rebecca’s successful track record of overseeing the finance function for a number of companies in the mining industry is expected to be a great asset and her fluency in Spanish will assist the Company as it pursues exciting new opportunities in Colombia. Dr. Coughlin also stated, “Sol has been a great asset to the Company, he was fundamental in coordinating financial aspects of the Turkish operations and our joint ventures there. I would like to thank him for his service and contributions to the Company and wish him well in his future endeavours.”
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 news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur and include statements regarding the Option Agreement. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the hiring and retention of directors and officers, exploration and development of mineral properties, mine site planning and development, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company’s most recent annual information form under the heading “Risk Factors”, which has been filed electronically by means of the Canadian Securities Administrators’ website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information please contact:
Investor Relations Manager
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
SOURCE:Royal Road Minerals Limited