Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "Company") reports it has received and accepted the resignations of its Chairman and Director Rick van Nieuwenhuyse and Curtis Freeman effective Dec 17, 2024. The board of directors have appointed Michael Murphy as interim Chairman and Director.
Daniel Schieber, director of the board, commented: "Rick and Curt have played a founding role in the development of American Copper from the acquisition of our Lordsburg Project through the first phase of exploration. I speak on behalf of the entire board and team in saying we look forward to continuing to work with Rick during this transition and in offering our best wishes to him and Curt."
Mr. Murphy is an accomplished executive with extensive experience in designing and executing strategic initiatives and creating value for shareholders. Mr. Murphy has an established track record of transformational leadership within the metals and mining sector. He is the founder of TSX-listed gold producer Torex Gold Resources Inc., prior to which he spent more than 15 years in the financial services sector in London, UK, with Merrill Lynch, DLJ, and Credit Suisse. He currently serves as CEO of South Pacific Metals Corp.
About the Company
The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking information" under applicable Canadian securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Accordingly, the forward-looking information discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting ACDC. Although ACDC believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on this information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, ACDC disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.
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