VANCOUVER, BC, Jan. 7, 2021 /CNW/ - Orca Gold Inc.
(TSXV: ORG) ("Orca" or the "Company") is pleased to announce
the appointment of Brad White to the
Board of Directors of the Company, effective immediately.
Mr. White is based in Toronto
and has over twenty years of experience as a portfolio manager with
a focus on alternative investments, including hedge funds, private
equity and venture capital. He is currently a principal at Blue
Deer Capital, an exempt market dealer and is a co-founder and the
Chairman Emeritus of EdgeHill Partners, a +$650 million alternative
asset manager started in 2010. Prior to forming EdgeHill, Mr. White
was a co-founder of Salida Capital, where over an eight-year period
as portfolio manager his funds recorded 30% compounded returns
annually. He is also a Director of Synaptive Medical, a
private medical technology company. Prior to fund management,
Mr. White worked as a research analyst at Morgan Stanley, TD
Securities and BMO Nesbitt Burns, compiling over twenty-seven years
of experience in capital markets. Over the last two decades, Mr.
White has been an avid investor in the metals and mining industry.
He is also the founder and benefactor of the Embley Park
Foundation, a private philanthropic organization. He holds a
B.Comm. from Memorial University and a
CFA designation.
Richard Clark, CEO and Director
of Orca Gold, said: "Management is very pleased with the addition
of Mr. White to the Board of Directors. With all the positive
developments in Sudan, the Company
is moving the Block 14 Gold Project towards construction. Brad's
extensive experience in capital markets will be a great asset to
Orca in the financial planning to achieve the Company's goals for
Block 14."
The Company has also granted 300,000 incentive stock options to
Mr. White. The options are exercisable, subject to vesting
provisions, over a period of three years at a price of $0.82 per share.
On behalf of the Board of Directors,
"Richard P. Clark"
Richard P. Clark| CEO &
Director | Orca Gold Inc. | 604.689.7842
About Orca Gold Inc.
Orca Gold Inc. (TSX-V: ORG) is a Canadian resource
company focused on exploration and development opportunities in
Africa. Led by a board of
directors made up of industry experts and a management team with a
track record of discovering and building significant mines
globally, Orca is developing one of the leading gold projects in
Africa. The Company is currently
focused on its 70%-owned Block 14 Gold Project in the Republic of
the Sudan on which a Feasibility
Study was completed in November 2018
and a revised Study filed in September
2020.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains forward-looking information
and forward-looking statements within the meaning of applicable
Canadian securities laws, including statements regarding Orca's
(the "Company", the "Corporation", "we" or "our") plans and
expectations relating to the Block 14 project ("Block 14") in
northern Sudan and the Revised
Feasibility Study ("RFS") currently being conducted by the
Corporation. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Statements concerning mineral resource estimates may
also be deemed to constitute "forward-looking statements" to the
extent that they involve estimates of the mineralization that will
be encountered if the property is developed. The assumptions, risk
and uncertainties outlined below are non-exhaustive. Should one or
more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results, performance
or achievements of the Corporation, or industry results, may vary
materially from those described in this presentation.
Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, identified by words or phrases such as "expects",
"anticipates", "believes", "plans", "projects", "estimates",
"assumes", "intends", "strategy", "goals", "objectives",
"potential", "possible" or variations thereof or stating that
certain actions, events, conditions or results "may", "could",
"would", "should", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements.
Neither the 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.
SOURCE Orca Gold Inc.
