VANCOUVER, British Columbia, April 25, 2018 (GLOBE NEWSWIRE) -- Triangle Industries Ltd. (the “Company”) (NEX:TLD.H) announces the resignation of Geoffrey Edwards as a director, Chief Financial Officer and Corporate Secretary of the Company, effective today. Mr. Edwards has served the Company as a director since 1995, and the Company sincerely thanks him for his many years of service.
The directors have appointed Mr. Lucas Birdsall as a director, Chief Financial Officer and Corporate Secretary of the Company, also effective today. Mr. Birdsall serves as a director and officer of several public companies, including Phamalogix Investments Corp., where he serves as President, CEO and director, Cameo Resources Corp., where he serves as a director, and Express Capital Corp., where he serves as a director. Mr. Birdsall is a graduate of the Beedie School of Business at Simon Fraser University. The Company looks forward to his contributions.
The Company also announces the payment of a bonus to its directors, who have served without compensation since 2010. The aggregate amount of $60,000 will be paid as a bonus to the directors for their services since that time. Neil Halldorson, Michael Reimann, Keith Scott and Mr. Edwards will each receive $15,000. Of that amount, each director will apply $12,500 to the exercise of outstanding options to purchase 100,000 shares, at $0.125 per share.
ON BEHALF OF THE BOARD OF DIRECTORS
Neil Halldorson
C.E.O. and Director
For further information, please contact:
Mr. Neil Halldorson
Telephone: (604) 562 2582
Neither the TSX Venture Exchange or 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 news release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.