Caravan Energy Announces Appointment of Reagan Glazier as CEO and Director
Caravan Energy Announces Appointment of Reagan Glazier as CEO and Director
The Company notes that as a result of Mr. Glazier's appointment as Chief Executive Officer and Director, the Acquisition, if and when it completes, will be a related party transaction within the meaning of meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Acquisition will be exempt from the valuation requirement of MI 61- 101 by virtue of the exemption contained in section 5.5(b) as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101, in that the fair market value of the consideration to be issued pursuant to the Acquisition will not exceed 25% percent of the Company's market capitalization.Vancouver, British Columbia--(Newsfile Corp. - September 29, 2023) - Caravan Energy Corporation (CSE: CNRG) ("Caravan" or the "Company") is pleased to announce that it has appointed Reagan Glazier as Chief Executive Officer and a Director of the Company, effective immediately.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年9月29日)-Caravan Energy Corporation(CSE：CNRG)(“商隊“或”公司)很高興地宣佈，公司已任命裡根·格雷澤為公司首席執行官兼董事總裁，立即生效。
Mr. Glazier has extensive experience in mineral exploration and serves on the boards of a number of publicly listed mineral exploration companies. As Exploration Manager for Surge Copper Corp., he oversaw major drilling campaigns and other copper-gold exploration activities in northern British Columbia. Mr. Glazier is a director of Freegold Ventures Limited, a publicly listed Alaska gold explorer. Mr. Glazier is also a director of Canadian explorer Starr Peak Mining Ltd. Mr. Glazier obtained a Bachelor of Science with a major in Geology from the University of Calgary.
Glazier先生在礦產勘探方面擁有豐富的經驗，並在多家上市礦產勘探公司的董事會任職。作為Surge銅業公司的勘探經理，他監督了不列顛哥倫比亞省北部的主要鑽探活動和其他銅金勘探活動。格雷澤是阿拉斯加上市金礦勘探商Freegold Ventures Limited的董事用戶。格雷澤先生也是加拿大勘探者斯塔爾峰礦業有限公司的董事獲得者。格雷澤先生獲得卡爾加裡大學地質學專業理學學士學位。
The Company notes that Mr. Glazier is the vendor of the rare earth TREO properties located near Prince George, British Columbia, comprised of a total of 5 mineral claims, totaling 6,449 hectares, for which the Company has agreed to pay consideration consisting of $50,000 in cash, 100,000 common shares (each, a "Consideration Share"), and the grant of a 2% net smelter return ("NSR") royalty (subject to the Company's right to buy-back 50% of the NSR royalty for $1,000,000) (the "Acquisition"). Completion of the Acquisition is subject to customary closing conditions.
本公司注意到，Glazier先生是位於不列顛哥倫比亞省喬治王子附近的稀土TREO資產的賣家，該資產包括總共6,449公頃的5個礦物主張，公司已同意支付代價，包括50,000美元現金、100,000股普通股(每股1,000,000股)。對價股份)，並給予冶煉廠2%的淨收益(NSR“)特許權使用費(公司有權以1,000,000美元回購50%的NSR特許權使用費)(”採辦“)。收購的完成取決於慣常的成交條件。
The Company notes that as a result of Mr. Glazier's appointment as Chief Executive Officer and Director, the Acquisition, if and when it completes, will be a related party transaction within the meaning of meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Acquisition will be exempt from the valuation requirement of MI 61- 101 by virtue of the exemption contained in section 5.5(b) as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101, in that the fair market value of the consideration to be issued pursuant to the Acquisition will not exceed 25% percent of the Company's market capitalization.
本公司注意到，由於格雷澤先生被任命為首席執行官和董事，收購一旦完成，將是多邊檔案61-101所指的關聯方交易-特殊交易中少數股權持有人的保護(“米其林61-101由於第5.5(B)節所載豁免，本公司普通股並非於指定市場上市，故收購事項將獲豁免遵守MI 61-101的估值規定，而根據MI 61-101第5.7(A)節所載的豁免，收購事項將獲豁免遵守MI 61-101的小股東批准規定，即根據收購事項將發行的代價的公平市值不超過本公司市值的25%。
Charn Deol has resigned from his roles as President and Chief Executive Officer but will remain on the board of directors of the Company. Mr. Deol is thanked for his valuable service as President and Chief Executive Officer, and the Company looks forward to Mr. Deol's continued contributions as a Board member.
Charn Deol已辭去總裁和首席執行官的職務，但仍將留在公司董事會。感謝Deol先生在擔任總裁和首席執行官期間的寶貴服務，本公司期待Deol先生作為董事會成員繼續作出貢獻。
About Caravan Energy
關於大篷車能源
The Company is a mineral exploration company based in Vancouver, BC and holds an option over the EBB Nickel-Cobalt Property located in British Columbia, Canada.
該公司是一家總部位於不列顛哥倫比亞省溫哥華的礦產勘探公司，持有位於加拿大不列顛哥倫比亞省的Ebb鎳鈷礦的期權。
Contact information
聯繫資訊
For more information please contact:
如需更多資訊，請聯繫：
Charn Deol - Director
E-mail: charnee@gmail.com
查德-董事
電子郵件：charnee@gmail.com
Forward Looking Statements
前瞻性陳述
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward looking information in this news release include statements relating to the Acquisition, and the timing thereof. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
根據加拿大證券法，本文中包含的某些資訊構成“前瞻性資訊”。本新聞稿中的前瞻性資訊包括與收購有關的陳述以及收購的時間。一般而言，前瞻性資訊可以通過使用前瞻性術語來識別，如“將”、“將是”或此類詞語和短語的變體，或某些行動、事件或結果將“將”發生的陳述。前瞻性表述基於管理層截至作出此類表述之日的意見和估計，它們來自此類前瞻性表述或前瞻性資訊中明示或暗示的內容，受已知和未知風險、不確定因素和其他可能導致實際結果大相徑庭的因素的影響，包括獲得所有必要的監管批准。儘管公司管理層試圖確定可能導致實際結果與前瞻性陳述或前瞻性資訊中包含的結果大不相同的重要因素，但可能還有其他因素導致結果與預期、估計或預期的不同。不能保證這些陳述將被證明是準確的，因為實際結果和未來事件可能與這些陳述中預期的大不相同。因此，讀者不應過分依賴前瞻性陳述和前瞻性資訊。除非適用的證券法要求，否則公司不會更新任何通過引用納入本文的前瞻性陳述或前瞻性資訊。
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
加拿大證券交易所(CSE)沒有審查、批准或不批准本新聞稿的內容。
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