Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Railtown Capital Corp. (TSXV: RLT.P) ("Railtown" or the "Company") is pleased to announce changes to its Board of Directors.
Chris Taylor, CEO of Railtown said, "Today we are pleased to announce the addition of two mining industry veterans to the Board of Railtown. Adam Schatzker brings extensive mining equity analysis experience to the Company, and was notable as one of the first analysts to cover my former company Great Bear Resources, with significant depth and understanding. Jeff Sundar brings extensive corporate development skills to Railtown, which is exemplified by his past role introducing Great Bear to the Discovery Group of companies ten years ago. Former shareholders of Great Bear have seen the significant benefits these gentlemen have helped accrue, and we at Railtown look forward to their contribution as members of our Board, as we chart a new path for the Company."
Adam Schatzker has had an almost 30-year career focused primarily on mining. For more than 20 years he was focused on sell-side equity research and investment banking, with seven of those years at RBC Capital Markets as a Director in Equity Research covering base metals, mining royalties, uranium and fertilizers. In his equity research roles, Adam provided valuation and investment recommendations on more than 40 companies along with commodity price forecasts. Adam also spent more than three years in corporate development for mining companies including serving as Executive Vice President, Strategy and Business Development at Uranium One, the fourth largest uranium producer. Adam has also spent time working for a mining private equity fund identifying, evaluating and executing on potential investment opportunities. Adam is currently VP Corporate Development at Canada Nickel Company Inc.
Jeff Sundar has 25 years of experience in capital markets and the mineral exploration sector. Jeff has been active in the corporate development, marketing and financing of companies listed on the TSX Venture Exchange (the "TSXV"). He has held numerous management roles such as President/CEO, VP and Director. Jeff was a Director of Northern Empire Resources, which was acquired by Coeur Mining Inc. for $117 million for the Sterling Gold project in October 2018. He was also a Director and VP of Underworld Resources which discovered the 1.6 million oz White Gold deposit that was acquired by Kinross Gold Corp. for $138 million in June 2010.
Jeff is also the co-founder of the STAND Foundation, which has raised nearly $1 million to fund pre-employment skills training for vulnerable youth in Greater Vancouver.
Timothy Gamble and Graeme Barker, both of whom are founders and significant shareholders of Railtown, have resigned from the Board in order to facilitate the appointment of Messrs. Schatzker and Sundar. The Company would like to thank Tim and Graeme for their consistent support and ongoing contribution to Railtown's development.
The Board has authorized the grant of an aggregate of 600,000 stock options to Messrs. Schatzker, Sundar and Taylor in accordance with the terms of the Company's stock option plan. The options are exercisable at a price of $0.53 per share and have a ten-year term.
About Railtown
Railtown is publicly listed on the TSXV under the symbol RLT.P. Railtown was formed as a Capital Pool Company in accordance with policies of the TSXV in order to identify and evaluate businesses and assets for acquisition and financing.
For further information, please contact:
Railtown Capital Corp.:
Cameron White, Corporate Secretary
Phone: 604-765-2601
Email: railtowncapital@gmail.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties, including with respect to the future prospects of the Company in 2024. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, among other things, market prices, the ability of the Company to successfully identify and complete a Qualifying Transaction, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
