11:27:34 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Atco Mining Inc
Symbol ATCM
Shares Issued 25,500,001
Close 2022-11-17 C$ 0.165
Market Cap C$ 4,207,500
Recent Sedar Documents

Atco Mining appoints Brisco as director

2022-11-17 12:35 ET - News Release

Mr. Alex Klenman reports

ATCO MINING APPOINTS DAWSON BRISCO TO BOARD OF DIRECTORS

Atco Mining Inc. has appointed Dawson Brisco to its board of directors. Mr. Brisco's qualifications and skill set expand the board's expertise in mergers and acquisitions, as well as finance, in the natural resources sector.

About Mr. Brisco

Mr. Brisco is currently the president and chief executive officer of Morien Resources Corp., a Canadian-based mining development company that earns royalty-related income from two mining assets in Nova Scotia. Morien has successfully differentiated itself in the royalty sector by focusing on bulk commodities and unique capital allocation strategies for a company its size, such as dividends and share buy backs. Mr. Brisco is a professional geologist with over 15 years of business development and mining industry experience in a variety of roles in the bulk commodity and energy sectors. Mr. Brisco started his career in geology, having managed an exploration alliance with Xstrata Coal in Asia from 2005 to 2010, as well as various business and corporate development rolls since then. In addition to his role with Morien, Mr. Brisco is an independent director of the Mining Association of Nova Scotia. He holds an honours bachelor of science degree in geology from Saint Mary's University in Halifax, Nova Scotia.

"I am extremely excited to welcome Dawson Brisco to the board of directors," says Alex Klenman, chief executive officer of Atco. "Dawson brings a wealth of experience, knowledge and, most importantly, experience in creating substantial value for his shareholders as he's been able to do with Morien. We look forward to welcoming him to the Atco team."

"It's an honour to be appointed to the board of Atco in what promises to be a transformative growth period for the company," says Mr. Brisco. "In a relatively short time frame, Atco has successfully acquired a highly prospective portfolio. I look forward to working with the board and management team to advance these opportunities into a strong value proposition for Atco's shareholders."

Stock options

The company is also pleased to announce that it has granted one million stock options to purchase common shares of the company to certain directors, officers and consultants of the company. The options vest on the date of issuance and are exercisable for a period of three years from the date of issuance at an exercise price of 20 cents per option share.

Current program

Atco is currently compiling all available geological and geophysical data that are available for all three projects to derive a better understanding as well as to determine best exploration methods to advance each project. The company will examine the historical diamond drill hole LR-98-01 at the Newfoundland Department of Industry, Energy and Technology core storage facility in Pasadena, Nfld. The company will also be applying for work permits required to advance their projects, including geophysical surveys and diamond drilling.

About Atco Mining Inc.

Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS deposits in Saskatchewan, as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company's website.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.