TSXV: NOVR
OTCQB: NOVRF
VANCOUVER, BC, May 16, 2023
/CNW/ - Nova Royalty Corp. ("Nova" or the
"Company") announces today that Alex
Tsukernik, Chief Executive Officer ("CEO"), has left
the organization effective immediately. As a result, the Company's
Chief Financial Officer ("CFO") Hashim Ahmed has been appointed Interim CEO, and
Bill Tsang has been appointed
Interim CFO.
Brett Heath, Chairman of Nova,
commented, "On behalf of the Board of Directors and management, I
would like to thank Alex for his services and contributions to Nova
for the last half decade and wish him all the best in his future
endeavours."
Further to the previous news release dated May 10, 2023, the Company expects its first
quarter 2023 financial results will be released on May 18, 2023. The Company will not hold its
previously scheduled corporate update conference call.
About Nova
Nova is a royalty company focused on providing investors with
exposure to the key building blocks of clean energy – copper and
nickel. Nova has assembled a portfolio of royalties on a
significant proportion of the next generation of major copper
projects located in 1st-tier jurisdictions, providing investors
exposure to some of the most critical resource assets for the clean
energy transition. These projects are being advanced by the world's
premier mining companies, which include First Quantum, Lundin,
Hudbay, Anglo American and Glencore,
among others. The Company is headquartered in Vancouver, British Columbia and is listed on
the TSX Venture Exchange under the trading symbol "NOVR" and on the
US OTCQB under the trading symbol "NOVRF".
ON BEHALF OF NOVA ROYALTY CORP.,
(signed) "Hashim Ahmed"
Interim Chief Executive Officer
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 Note Regarding
Forward-Looking Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, "forward looking
statements"). The forward-looking statements herein are made as of
the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking statements
include, but are not limited to, statements regarding the search
for a permanent CEO and the timing thereof, and the return of Mr.
Hashim Ahmed to the position of CFO
and the timing thereof. Forward-looking statements are subject to
various known and unknown risks and uncertainties, many of which
are beyond the ability of Nova to control or predict, that may
cause Nova's actual results, performance or achievements to be
materially different from those expressed or implied thereby, and
are developed based on assumptions about such risks, uncertainties
and other factors set out herein, including, but not limited to,
the risk factors set out under the heading "Risk Factors" in the
Company's annual information form dated March 23, 2023 and other filings available for
review on the Company's profile at www.sedar.com.
Such forward-looking information represents management's best
judgment based on information currently available. Except as
required by applicable securities laws, the Company undertakes no
obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors,
should change. No forward-looking statement can be guaranteed and
actual future results may vary materially. Accordingly, readers are
advised not to place undue reliance on forward-looking
statements.
SOURCE Nova Royalty Corp.