Forsys Announces Changes to Management
TORONTO, Nov. 15, 2018 (GLOBE NEWSWIRE) — Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) wishes to advise that it has appointed Mark Frewin as Interim Chief Executive Officer (“CEO”) and Miles Nagamatsu as Chief Financial Officer (“CFO”), following the resignation of former CEO, Marcel Hilmer and former CFO, Dale Hanna.
Mr. Frewin is currently a director of Forsys and previously held the office of Vice President, Legal Affairs of the Company. Mr. Nagamatsu is a Chartered Professional Accountant, Chartered Accountant with 30 years’ experience and is a former CFO of the Company, holding that position from 2004 through 2008.
The Company would like to thank Mr. Hilmer for his valuable contribution over many years and wishes him well in his future endeavours as he pursues other opportunities. Forsys also thanks Mr. Hanna for his efforts and contributions during his tenure with the Company.
About Forsys Metals Corp.
Forsys Metals Corp. is an emerging uranium producer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa, a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant Resource and Reserves at Valencia and Namibplaas are available on the Company website. Shares outstanding: 156.9m
For additional information please contact:
Jorge Estepa, Corporate Secretary
Telephone: (416) 818-4035
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys Annual Information Form available on the Company’s profile on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management’s estimates or opinions change. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.