Vancouver, British Columbia – September 6, 2018 – Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”) is pleased to announce, effective today, the appointment of Mr. Patrick O’Flaherty as a Director and Chief Financial Officer of the Company.
Mr. O’Flaherty is a Chartered Accountant and a CFA Charterholder, with over 15 years of experience in financial services, including public accounting and wealth management. Previously, he has worked for a “Big Four” accounting firm and two “Big Five” banking institutions. He also has operational management experience from one of the largest telecommunications companies in Canada. Mr. O’Flaherty holds a degree in Economics from Union College in Schenectady, New York.
The appointment follows the resignation of Kenneth Phillippe as Director and Chief Financial Officer. The Company would like to thank Mr. Phillippe for his service and wishes him well with all his future endeavours.
The Company also announces today the granting of stock options under its Stock Options Plan to purchase an aggregate of 1,500,000 common shares of the Company at an exercise price of $0.28 per share for a five year term, expiring on September 6, 2023. The stock options were granted to consultants, officers and directors of the Company, and are subject to any necessary regulatory approvals.
CAMEO COBALT CORP.
“ Akash Patel”
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This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the cobalt industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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