Prospect Ridge Announces Resignation of President and Director
Rhea-AI Summary
Prospect Ridge Resources (CSE:PRR)(OTCQB:PRRSF) announced the immediate resignation of Yan Ducharme, P.Geo from his positions as President and Director to pursue other business interests. Dr. Len Brownlie, the current Chief Executive Officer, will take over as President effective immediately.
Chairman Mike Iverson acknowledged Ducharme's three-year service to the company, particularly highlighting his organizational skills and attention to detail in creating a comprehensive database that will support future exploration activities at the Holy Grail and Knauss Creek projects during the upcoming exploration season.
Positive
- CEO Dr. Len Brownlie taking additional leadership role as President ensures continuity in management
- Comprehensive exploration database established for Holy Grail and Knauss Creek projects
Negative
- Loss of experienced President and Director could impact company leadership
- Timing of resignation immediately before exploration season could affect project execution
News Market Reaction
On the day this news was published, PRRSF gained 3.78%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / March 27, 2025 / Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE:PRR)(OTCQB:PRRSF)(FRA:OED) announces that Mr. Yan Ducharme, P.Geo has stepped down as President and Director of Prospect Ridge effective immediately in order to pursue other business interests.
Len Brownlie, Ph.D., Chief Executive Officer, will assume the position of President effective immediately.
Mike Iverson, Chairman of the Board states: "On behalf of the entire Company we would like to genuinely thank Yan for his service to the Company over the last three years. His organizational skills and attention to detail has benefited the Company and provided a very comprehensive database that will allow us to advance our exploration at the Holy Grail and Knauss Creek projects in the upcoming exploration season. We wish Yan the very best in his future endeavors."
Contact Information
Prospect Ridge Resources Corp.
Mike Iverson - Chairman, Director
Email: mike.iverson@prospectridgeresources.com
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold and critical metals exploration. Prospect Ridge's management and technical team collectively have over 100 years of experience in mineral exploration and believes the Knauss Creek and the Holy Grail properties have the potential to extend the boundaries of the Golden Triangle into this vastly under-explored region.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information ("FLI") that may constitute forward-looking information within the meaning of applicable Canadian securities laws. FLI relates to future events or future performance and reflect the current expectations or beliefs of the Company's management. Anything that is not historical fact is FLI. Generally, FLI can be, without limitation, identified by the use of forward-looking wording such as "plans", "intends", "believes", "expects", "anticipates" or "estimates", and statements or phrases that certain actions, events or results "may", "might", "could", "should" or "would" occur, and similar expressions. FLI is not historical fact, is made as of the date of this news release and includes, without limitation, statements and discussions of future plans, intentions, expectations, estimates and forecasts, and statements as to management's intentions and expectations with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects. FLI involves numerous risks and uncertainties, and are based on assumptions, and actual results might differ materially from results suggested in any FLI. These risks and uncertainties include, among other things, the availability of financing to continue exploration activities, the availability and cost of qualified exploration personnel and service providers, and that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated. In making any FLI in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated. Although management has endeavored to evaluate and use reasonable assumptions and to identify important factors that could cause actual results to differ materially from those contained in FLI, these assumptions may prove incorrect and there may be other factors that cause results not to be as intended, expected, anticipated or estimated. There can be no assurance that FLI will prove to be accurate, and actual results and future events could differ materially from those expressed in FLI. Accordingly, readers should not place undue reliance on FLI, and are further cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any FLI expressed or incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE: Prospect Ridge Resources Corp
View the original press release on ACCESS Newswire
FAQ
Who is replacing Yan Ducharme as President of Prospect Ridge Resources (PRRSF)?
What projects will Prospect Ridge Resources (PRRSF) explore in the upcoming season?
How long did Yan Ducharme serve at Prospect Ridge Resources (PRRSF)?
What key contributions did Yan Ducharme make to Prospect Ridge Resources (PRRSF)?
