Reliant Gold Corp.
TSX VENTURE : REC

Reliant Gold Corp.

June 01, 2016 07:00 ET

Reliant Gold Appoints Experienced Chartered Professional Accountant as CFO and Grants Options

TORONTO, ONTARIO--(Marketwired - June 1, 2016) - Reliant Gold Corp. ("Reliant" or the "Corporation") (TSX VENTURE:REC) is pleased to announce the appointment of highly experienced Chartered Professional Accountant, Peter W. Hogg, B.Comm., CPA, CA, as the Corporation's new Chief Financial Officer ("CFO") effective June 1, 2016, subjective to regulatory approval.

Peter is a Chartered Professional Accountant (CPA, CA) with more than twenty years of professional accounting experience. He received his Bachelor of Commerce degree from the University of Toronto in 1992 and obtained his professional designation as a Chartered Accountant in 1995. After working with a mid-sized, full-service accounting firm in Markham, Ontario for several years, Peter has been practicing as a Chartered Accountant, in private practice, in downtown Toronto since 2000. Peter also has extensive public company financial reporting experience, having served as the CFO of several Canadian publicly-traded companies since 2005.

"We are very pleased and fortunate to have someone of Peter's professional experience and caliber join our senior management team, and we look forward to working with him," said Kabir Ahmed, Chairman, President & CEO of Reliant.

The Corporation also granted incentive stock options to acquire an aggregate of 100,000 common shares of the Corporation at an exercise price of $0.05 per share to an officer of the Corporation pursuant to the Corporation's stock option plan. These options, which vest quarterly over 12 months, expire on June 1, 2021.

ABOUT RELIANT

Reliant is a junior mineral exploration company with an experienced management team engaged in the acquisition, exploration and development of properties for the mining of precious and base metals. Reliant holds (1) a 49% interest in Borden Lake South, comprised of 20 mining claims representing 294 claim units covering approximately 4,704 hectares, located 10 kilometres east of the Town of Chapleau, Ontario and (2) a 100% interest in the East Bay Property, comprised of 56 mineral claims totalling 896 hectares in the McVicar Lake area, located approximately 90 kilometres west of Pickle Lake, Ontario, and 130 kilometres southwest of Goldcorp Inc.'s Musselwhite Gold Mine.

The common shares of Reliant trade on the TSX Venture Exchange under the stock symbol "REC". The Corporation has 22,945,169 common shares issued and outstanding.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Reliant or the industry in which it operates to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of Reliant with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in Reliant's prospectus and in other continuous disclosure documents that are filed by Reliant from time to time with the Ontario, Alberta or British Columbia Securities Commissions which are available at www.sedar.com and to which readers of this press release are referred for additional information concerning Reliant, its prospects and the risks and uncertainties relating to Reliant and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Reliant to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Reliant cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is current only as of the date hereof. Reliant does not undertake or assume any obligation, except as required by law, to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

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.

Contact Information

  • Reliant Gold Corp.
    Kabir Ahmed
    Chairman, President, CEO and Director
    (416) 820-4107
    info@reliantgold.com