Route 109 Appoints Irwin as Director
Rhea-AI Summary
Route 109 Resources (OTCQB: MRIRF, TSXV: RTE) appointed Chris Irwin to its board of directors. Irwin is a securities and corporate/commercial lawyer and managing partner of Irwin Lowy LLP.
With his addition, the board now has three independent directors, restoring TSX Venture Exchange Policy 3.1 compliance and enabling the resumption of trading, while the company continues searching for a new CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Appointment of Chris Irwin adds experienced securities and corporate lawyer to board
- Board now fully independent with three directors meeting Exchange and securities law definitions
- Restored compliance with TSX Venture Exchange Policy 3.1 director requirements
- Common shares to resume trading on TSX Venture Exchange under symbol RTE
Negative
- No CEO currently in place following resignation of Robert Pryde
- Non-compliance with CEO requirement under TSX Venture Exchange Policy 3.1 until role is filled
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Route 109 Resources Inc. (TSXV: RTE) (OTCQB: MRIRF) (FSE: 8M0) ("Route109" or the "Company") is pleased to announce the appointment of Chris Irwin to the Company's board of directors.
Chris Irwin practices securities and corporate/commercial law and has been the managing partner of Irwin Lowy LLP since January 2010; prior thereto he was the President of Irwin Professional Corporation from August 2006 to December 2009; and prior thereto he was an associate at Wildeboer Dellelce LLP from January 2004 to July 2006. Mr. Irwin advises a number of public companies, board of directors and independent committees on a variety of issues. Mr. Irwin is a director and/or officer of a number of public companies.
With the addition of Mr. Irwin to the Company's board of directors, the Company is again compliant with the requirements under TSX Venture Exchange (the "Exchange") Policy 3.1, that a listed issuer have at least three directors, two of whom are independent. Following Mr. Irwin's appointment, the Company's board of directors is now comprised of Mr. Irwin, Wanda Cutler and Verlee Webb, all three of whom are "independent" within the meaning under Exchange Policies and applicable securities laws and are members of the audit committee .The Company's common shares will resume trading on the Exchange, under the symbol "RTE", at market open shortly.
The Company has not yet appointed a new CEO to replace Robert Pryde following his resignation, and is deficient of the requirement that each issuer is required to have a CEO under Exchange Policy 3.1. The Board of Directors is continuing its a search for a new CEO and intends to fill the position shortly. The Company will provide updates on any material developments in accordance with applicable securities laws.
About Route 109 Resources Inc.
Route 109 Resources Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. Route109 is currently fully focused on its
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
Route109 common shares trade under the symbol "RTE" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
For further information, please contact:
Route 109 Resources Inc.
Wanda Cutler, Director
Tel: +1 416-303-6460
Email: wanda@cutlermccarthy.com
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303533