Spey Resources Corp. Announces Board and Management Changes
SPEY RESOURCES CORP.
900-580 Hornby Street
Vancouver, British Columbia, V6C 3B6
CSE: SPEY
For Immediate Release NR-03-2019
SPEY RESOURCES CORP. ANNOUNCES
BOARD AND MANAGEMENT CHANGES
(January 10, 2019, Vancouver, B.C., Canada) – Spey Resources Corp, (“Spey” or the “Company”) (CSE:
SPEY) is pleased to announce the appointment of Mr. David Thornley-Hall as President and Director of the
Company.
David is a senior executive with 25 years of diversified experience in the mineral exploration, mining and finance
industries. Previously David spent 8 years with Western Potash Corp., most recently as Executive Vice President
and Corporate Secretary. He was a leading member of the Commercial Team at Western Potash Corp.,
responsible for securing over $110 Milli on in strategic equity investment in two separate transactions, initially
with a Chinese State Owned Enterprise and subsequently with a Chinese Private Equity firm. Before entering the
mining industry, David worked in the Canadian dollar bond market beginning as a broker on Bay Street and rising
to the position of Managing Director of the Canadian business at Exco Shorcan in London England.
Marshall Farris, CEO stated, “I would like to welcome David as President of Spey Resources. We are in an
exciting phase as we build out the management team of the Company. David brings extensive industry
experience and significant contacts that will help to well position the Company with its focus on the current
Standfast Wigwam project in addition to assessing external growth opportunities accretive to the business.”
The Company has granted 240,000 incentive stock options to Mr. Thornley-Hall. The options are exercisable for a
period of five years at an exercise price of $0.10 per common share. The incentive options were granted in
accordance with the Company’s stock option plan.
To accommodate David’s addition to the Board, the Company has accepted the resignation of Ms. Tracy Mabone
from her position as a D irector. She will remain in the role of CFO of the Company. Marshall Fa rris stated
“Tracy’s substantial help and support to the board from inception have contributed to the successful creation and
listing of Spey on the CSE and we thank her for these contributions”.
On behalf of the Board of Directors of SPEY RESOURCES CORP.
“Marshall Farris”
Marshall Farris, Chief Executive Officer and Director
For additional information on the Company or its Project, please visit the Company’s website:
www.speyresources.ca or email: [email protected]
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) nor any
other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
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This news release may contain forward-looking information within the meaning of applicable securities laws
(“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,”
“estimates,” ‘projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,”
“could” or “should” occur. Information inferred from the interpretation of drilling results may also be deemed to
be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a
project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those reflected in the forward-looking
statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to
raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will
not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents,
equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage
resulting from Spey’s operations and other risks and uncertainties. Any forward-looking statement speaks only as
of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward-looking statement, whether as a result of new information, future events
or results or otherwise.