Vancouver, British Columbia – Providence Gold Mines Inc. (the “Company”) announces that at the Annual General Meeting of shareholders (the “Meeting”) held on October 23, 2017, Messrs. Robert Eadie, Ronald Allan Coombes, Gary Arca and John Kowalchuk were appointed directors of the Company. The shareholders reappointed Wolrige Mahon LLP, Chartered Accountants as the Company’s auditors, approved the Company’s 10% rolling stock option and the amendment of the Company’s articles to allow for the direct registration system of the Company’s securities.
Subsequent to the Meeting, the board of Directors appointed Mr. Robert Eadie as Chairman, Mr. Ronald Allan Coombes as President and Chief Executive Officer, and Mr. Gary Arca as Chief Financial Officer and Corporate Secretary of the Company.
ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.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 INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Financing; future work to be carried on the Property; use of funds; and the business and operations of Red Hut after the proposed transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in the Financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Red Hut disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.