Magnetic North Announces Ha Tran as Chief Financial Officer; Issues Grant of Stock Options
August 25 2020 - 10:07PM
Magnetic North Acquisition Corp. (TSXV: MNC)
(“
Magnetic North” or the
“
Company”), is pleased to announce Ha Tran as
Chief Financial Officer.
Ms. Tran has over eighteen years of experience in corporate
financial reporting, audit and financial management in various
industries including mining, manufacturing, technology and
construction. Prior to joining Magnetic North, she held several
positions at DIRTT Environmental Solutions Ltd., the most recent
being Vice President Finance. She was instrumental with DIRTT's
initial public offering in November 2013. Ms. Tran is a Chartered
Professional Accountant.
Magnetic North is also pleased to announce a grant of stock
options (the “Options”) in accordance with the terms and conditions
of the Company’s Stock Option Plan to certain officers, directors,
various consultants and employees of the Company, to purchase an
aggregate of 500,000 common shares in the capital stock of the
Company. The Options are exercisable for a period of five years
from the date of grant at a price of $0.65 per share.
About Magnetic North Acquisition Corp.
Magnetic North invests and manages businesses on
behalf of its shareholders and believes that capital alone does not
always lead to success. With offices in Calgary and Toronto, our
experienced management team applies its considerable management,
operations and capital markets expertise to ensure its investee
companies are as successful as possible for shareholders. Magnetic
North Common Shares trade on the TSX Venture Exchange under the
stock symbol MNC. For more information about Magnetic North, visit
its website at www.magneticnac.com. Magnetic North’s securities
filings can also be accessed at www.sedar.com.
For further information, please contact:
Graeme
DickInvestor Relations403-561-8989graeme@colwellcapital.com |
Kevin
SpallCo-CEOkevin@magneticnac.com |
Andrew
OsisCo-CEOandrew@magneticnac.com |
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 news release.
CAUTIONARY STATEMENT REGARDING
FORWARD LOOKING INFORMATION
This news release contains “forward-looking
information” within the meaning of Canadian securities legislation.
Forward-looking information generally refers to information about
an issuer’s business, capital, or operations that is prospective in
nature, and includes future-oriented financial information about
the issuer’s prospective financial performance or financial
position.
The forward-looking information in this news
release includes the business and operations of the Company after
the completion of the Transaction.
The Company has made certain material
assumptions, including but not limited to: prevailing market
conditions; general business, economic, competitive, political and
social uncertainties; and the ability of the Company to execute and
achieve its business objectives after the closing of the
Transaction, to develop the forward-looking information in this
news release. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Actual results may vary from the forward-looking
information in this news release due to certain material risk
factors. These risk factors include, but are not limited to:
adverse market conditions; reliance on key and qualified personnel;
and regulatory and other risks associated with the industries in
which the Company's portfolio companies operate, in general. The
Company cautions that the foregoing list of material risk factors
and assumptions is not exhaustive.
The Company assumes no obligation to update or
revise the forward-looking information in this news release, unless
it is required to do so under Canadian securities legislation.
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