Toronto, Ontario – TheNewswire – November 1, 2021 – NewOrigin Gold Corp. (TSXV:NEWO) (OTC:TROIF) (“NewOrigin” or the “Company”) is pleased to announce the appointment of David Farquharson to the role of President of the Company.
“On behalf of NewOrigin’s Board of Directors, we are very excited to have Mr. Farquharson joining the team to assist with the realization of the Company’s exploration strategy, and to provide a high-level of access to capital and sustainability during the Company’s growth " said Elijah Tyshynski, Lead Director of NewOrigin, "David has many years of experience working with junior companies, and brings a deep network of contacts and resources from within the industry. In addition, his work in sectors outside of the gold industry will add a valuable perspective and approach to developing and running a company focused on exploration and shareholder value. We believe that the combination of these skillsets, combined with our strong technical team, has put the Company in a position for success going forward."
Mr. Farquharson has been involved in the investment business for over 20 years. He began in research, focusing his attention on junior oil and gas companies, recognizing undervalued, high growth companies. In 2002, David moved into investment banking, raising capital for micro cap companies in the energy business. In 2006, he became a partner and owner of D and D Securities Inc. For the past 16 years he has been raising capital for mining, oil and gas, and alternative energy companies, with a focus on venture and early stage companies.
Pursuant to NewOrigin’s stock option plan, 800,000 stock options have been issued to directors, officers and employees at an exercise price of $0.12, exercisable for five (5) years, with service-based vesting provisions:
About NewOrigin Gold Corp.
NewOrigin Gold Corp. (formerly Tri Origin Exploration Ltd.) is a well-funded, Canadian gold exploration company focused on drill discovery on its North Abitibi and Sky Lake gold projects in the Canadian Shield. NewOrigin’s management and board have extensive experience in the delineation and development of gold deposits. Company shareholders include O3 Mining Inc. and Osisko Mining Inc. NewOrigin Gold trades on the TSX Venture Exchange under the ticker “NEWO”.
For Further Information Contact:
Elijah Tyshynski , Lead Director
Phone: (905) 727-1779 or visit www.neworigingold.com
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.
Cautionary Statement regarding Forward Looking Statements:
Neither 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. This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the intention to complete the foregoing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company’s ability to obtain all approvals required in connection with the foregoing, the Company’s ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company’s business failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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