July 29, 2019, Vancouver, British Columbia – As Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company”) prepares for the start of diamond drilling by mid-week at its Burgundy Ridge discovery in Northwest B.C.’s Eskay Camp, the Company is pleased to announce that Mr. David Ellett has joined CLM’s Board of Directors.
Mr. Ellett is an American-born Canadian who enjoyed a 16-season career as a defenceman with five different teams in the National Hockey League – Winnipeg, Toronto, New Jersey, Boston and St. Louis.
During his NHL career, Mr. Ellett co-founded a wealth management company geared toward professional athletes. He later founded other business ventures, including owning and managing an automotive dealership and a Central Hockey League (CHL) franchise team, while also working within the mineral exploration and mining industry.
Mr. Ellett has been a licensed Mortgage Loan Originator with American Pacific Mortgage since June 2016.
Richard Savage, President and CEO of Crystal Lake, commented: “We’re thrilled to have David join our team. He’s a real go-getter. His interest and skills in many facets of the business/investment world, and his long-standing and illustrious career in the NHL, make him a perfect candidate to be a director of our Company as we establish ourselves as an exploration leader in one of the world’s premier mining camps. Since early on in his hockey career, David found ways for not only himself but his teammates and friends to build their paths to financial freedom outside of their professional sports careers.”
CLM Issues Shares For Debt Re: 2013-2015 Debenture Loan Agreements
Subject to the approval of the TSX Venture Exchange, Crystal Lake will be issuing an aggregate of 1,615,734 common shares at a deemed price of 32 cents per to certain creditors of the Company pursuant to debenture loan agreements entered into in 2013 and 2015 and accrued interest totaling approximately $517,000. All securities are subject to a four-month hold period.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay Camp in the heart of Northwest B.C.’s prolific Golden Triangle.
This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that 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 the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Neither 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.
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