Vancouver, British Columbia–(Newsfile Corp. – August 26, 2022) – Canadian Nexus Team Ventures Corp. (CSE: TEAM) (“TEAM” or the “Company”), today launched a process of evaluating potential strategic alternatives (the “Strategic Review”) with a view to enhancing shareholder value.
The Board of Directors of the Company will lead the strategic review which may involve a potential sale of some or all of its portfolio assets, a merger or other business combination with another party, the formation of a separate company to hold its mining assets or other initiatives.
The Company also wishes to announce that it has accepted the resignation of Mr. Martin Pow as Chief Operating Officer.
“Within our current portfolio of diversified assets, the Company seeks to rationalize its holdings by identifying non-core, low-growth assets that will reduce the cost of carrying, compliance, administration and management. I would like to thank Mr. Pow for his services and wish him nothing but the best in his future endeavours,” commented Arni Johannson, Chief Executive Officer.
The company wishes to announce the appointment of John Seaman as a director.
Mr. Seaman was Chief Financial Officer of Premier Gold Mines from August 2006 to June 2012 and Chief Financial Officer of Wolfden Resources Inc. from October 2002 to May 2007. He also served on the Premier Board as a director major. John has served as a director and/or officer of various small capitalization public companies and is currently President and CEO of a large private security company.
About Canadian Nexus Team Ventures Corp.
Canadian Nexus Team Ventures Corp. (CSE: TEAM) is an investment issuer that actively invests in a diversified portfolio of early to mid-stage companies and projects. Canadian Nexus draws on its extensive network of operators and global thought leaders to offer investors a unique portfolio of multiple opportunities.
Arni Johannson, CEO
This press release contains certain forward-looking statements and information (collectively, “forward-looking statements“) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, included herein, including, without limitation, statements regarding timing, future plans and future income, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as ” pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “planned”, “estimates”, “plans”, “intends” , “anticipates”, “believes”, “potential” or variations of these words, including negative variations of these, and phrases that refer to certain actions, events or results that may, might, might or will occur or be taken or achieved.The statements pro Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other factors include, among other things, statements about the anticipated business plans and timing of future operations of the Company and its wholly-owned subsidiaries, including the Company’s ability to obtain sufficient financing to fund its business activities and plans, delays in obtaining regulatory approvals (including from the Canadian Stock Exchange), changes in laws, regulations and policies affecting the Company’s operations and operating history limited by the Company.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this presentation or incorporated by reference herein, except as otherwise required by law.
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release..
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