President and Chief Executive Officer
Project One Resources, (PJO: CSE) is pleased to announce the formation of an advisory board. The Board will initially consist of Mr. Antoine Karam and Mr. John Devlin.
Mr. Antoine Karam, is an investor and entrepreneur with over ten years’ experience in Board Membership and Advisory roles for publicly listed Cyber Security companies. Mr. Karam possesses a wealth of executive and leadership experience including a prior position as CEO of Itway MENA where his loyal global network and strategic vision proved to be of immense value. Mr. Karam’s career began in the 1980’s in Capital Markets with Eli Lilly and Merrill Lynch as a Financial Advisor for Institutional Investors.
Mr. Devlin, BComm, MBS, FCCA is a highly effective and commercially oriented CFO with experience in functional transformation, global structural reorganisation and transactional executions. A key executive team member, Mr Devlin has developed a UK retail business valued in excess of 1.2b British Pounds Sterling. He is a former CFO, VP of Finance and Strategy with QVC UK (the shopping channel).
“As we move towards the change of business associated with the previously disclosed non-binding LOI to purchase two European Cyber Security firms, the formation of an advisory board that will assist with this and future acquisitions is paramount. The success of Mr. Devlin and Mr. Karam speak for themselves and having their talent and connections as part of our team, brings us one step closer to the potential of closing our first acquisition in the Cyber Security space”, states Ron Shenton, CEO
Pursuant to the company’s option plan the Company has granted stock options to its officers and directors to purchase up to 450,000 common shares in the capital of the company at an exercise price of $.50, which will expire September 17, 2025.
About Project One Resources:
Project Ones wholly owned initial project, the Aura Property, is made up of 2,706 hectares of contiguous claims and is located approximately 150 kilometers east of Vancouver, British Columbia. The company recently entered into a non-binding LOI to purchase two European cyber security businesses (see news release dated July 12, 2020).
On behalf of the board,
Ron Shenton, CEO
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Completion of the Transaction is subject to a number of conditions, including but not limited to, CSE acceptance and if applicable, pursuant to CSE Requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. The CSE has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
This news release contains certain “forward-looking statements”. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the proposed Transaction, the completion of the proposed Financing, the approval of the CSE, the transfer of the Property to the Company, the entering into the definitive agreement, the satisfaction of the conditions of the definitive agreement, satisfaction of all payment obligations under the Underlying Agreement and transfer of the Property to the Resulting Issuer. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company’s expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, limited operating history, uncertainty with respect to receiving the necessary approvals and fulfilling the conditions of the definitive agreement, risks associated with the proposed exploration and/or drill programs, risks of operating in Guyana, volatility of the financial markets and the stability of global economic markets, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.