Labrador Resources Inc. Announces Resignation of CEO and Director, Additional Board Appointment and Option Grant
Calgary, February 3, 2025 - Labrador Resources Inc. (TSXV: LTX) ("Labrador" or the "Company") announces the resignation of Mr. Kaan Camlioglu from the positions of Chief Executive Officer and Director, effective February 1, 2025. The Board of Directors thanks Mr. Camlioglu for his leadership and contributions to the Company and wishes him well in his new endeavor. During his tenure, Mr. Camlioglu played a key role in overseeing strategic initiatives and governance matters which included the Company's successful restructuring.
The Company is pleased to announce the appointment of Mr. Kenneth DeWyn to fill the vacancy. Mr. DeWyn is an independent business consultant and has significant experience with both publicly traded and private company governance issues, having served as a Director and/or Officer of many private and public companies over the past 30 years.
Mr. DeWyn is currently a member of the Board of Lithium Chile Inc. and PetroFrontier Corp., both Calgary based companies listed on the TSX Venture Exchange.
The Company also announces the grant of 125,000 options to each of Messrs. Aihoshi and DeWyn in accordance with the Company's existing stock option plan. One half of the options will be granted to each of Messrs. Aihoshi and DeWyn, both recent additions to the Company's Board of Directors. The options are exercisable at a price of $0.05 per common share and expire five (5) years from the date of grant.
For further information, please contact:
Jeff Howe
Interim CFO
Phone: (416) 884-4693
Email: jeff@thehowes.ca
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 news release.
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Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Labrador. All statements included herein other than statements of historical fact are forward-looking information. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, Labrador does not assume any obligation to update or revise them to reflect new events or circumstances.
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