Western Troy Announces Lifting of its Trading Halt and Organization Changes
2019年10月24日 - 8:00AM
Western Troy Capital Resources (TSX Venture: WRY)
(“
Western Troy”) announces that the TSX Venture
Exchange will lift the trading halt on Western Troy’s stock on
October 24, 2019. Trading in the stock will also move to the
NEX exchange.
The lifting of the trading halt follows the
termination of the Letter of Intent (“LOI”) dated February 20,
2019, between Western Troy and Cultivation Technologies, Inc.
(“CTI”), as previously disclosed in Western Troy’s
press release dated February 26, 2019. CTI has paid half of
the break fee (US$15,000) to Western Troy and CTI has promised to
pay the balance (another US$15,000) at an undetermined future
date.
In order to better advance Western Troy, a
number of organizational changes will take place.
Western Troy’s CEO, Rex Loesby, will step down as CEO and Chairman
of the Board of Directors, but will remain as a Director.
Current director, Stephen Dunn, has been appointed CEO as
well as interim CFO, and has been elected Chairman of the Board.
Melvyn Williams has stepped down from his positions as CFO
and Director.
James Fairbairn has been appointed to the Board
of Directors. Jim has over 20 years’ experience with publicly
traded companies. He holds a B.A. from the University of
Western Ontario, is a Chartered Accountant, having obtained his CA
designation in 1987, and is an Institute Certified Director.
Jim’s valued experience touches on corporate governance and
financial reporting with respect to junior mineral exploration
companies, and he is a director of several junior mining
companies.
Western Troy’s Annual General Meeting of
Shareholders is anticipated to occur in January of 2020.
Going forward, Western Troy will be evaluating a number of
opportunities to bring value to its shareholders.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Contact Information:
Western Troy Capital ResourcesStephen Dunn,
CEOTel: 416-822-3343Email: Steve@crownminingcorp.com Website:
www.westerntroycapital.com
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