Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced that it has appointed Tony Kettinger to its Board of Directors.
The potash project developer said Kettinger has had an extensive career in the agricultural sector and is currently chief operating officer for Golden Agri-Resources, based in Singapore.
"Tony has had a long career in the agricultural sector mainly focussed on Southeast Asia and China and brings a wealth of knowledge on the expanding palm oil business, a significant demand sector for potash products," Millennial Potash chairperson Farhad Abasov said in a statement.
"The addition of Mr Kettinger continues our efforts to form a strong potash-and agricultural focused Board and we are looking forward to Tony's contributions as we transition from exploration to development at our Banio Potash Project in Gabon."
The company noted that Kettinger replaces Graham Harris, who has resigned all corporate director and officer positions with Millennial Potash effective today's date.
As well, Harris and Millennial Potash have entered into an agreement effective today's date whereby Harris, for a term of four years, will provide consulting services on an as needed and on call basis for the sum of C$1,000 per month.
The company added that is granting Kettinger a total of 1,553,000 incentive stock options, exercisable for a period of five years, at an exercise price of $2.88 per share.
[Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.]