Forsys Metals Files Supplement to Information Circular
TORONTO, ONTARIO--(Marketwired - Dec 9, 2015) - Forsys Metals Corp. (TSX:FSY)(FRANKFURT:F2T)(NAMIBIAN:FSY) ("Forsys" or the "Company") announces the SEDAR filing of a supplement ("Supplement") to its management information circular dated April 1, 2015. At the request of the Ontario Securities Commission, the Supplement provides information in connection with disclosure related to the representation of women on the Company's Board of Directors ("Board") and in Executive Positions, pursuant to the requirements of National Instrument 58-101 - Disclosure of Corporate Governance Practices.
The Supplement also provides information related to the identification and consideration of candidates on its Board and Executive Positions. While gender diversity is taken into account, the primary focus of the Board is the identification and selection of directors and executive officers who have the expertise and required skills necessary for a uranium development company. Due to the current size and scale of the Company's activities, the Board does not currently have, nor does it foresee, the adoption of gender diversity targets in the near future. As the size and scale of the Company grows, the Board will adopt policies to achieve gender diversity as new employee positions are created or become vacant and appropriately qualified candidates become available. In addition, the Company's risk profile and amount of resources limits its ability to make appointments on any basis other than finding, often on short notice, the most qualified person who is willing to accept the risks inherent in the Company's current stage of development.
About Forsys Metals Corp.
Forsys Metals Corp. is an emerging uranium producer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant Resource and Reserves at Valencia and Namibplaas and the March 2015 Definitive Feasibility Study are available on the Company website. Shares outstanding: 134.9M
On behalf of the Board of Directors of Forsys Metals Corp. Marcel Hilmer, Chief Executive Officer
Sedar Profile #00008536
Forward-Looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys Annual Information Form available on the Company's profile on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance's or management's estimates or opinions change.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact
Marcel Hilmer
Chief Executive Officer
+61 417 177 942
mhilmer@forsysmetals.com
www.forsysmetals.com
Joe Racanelli
NATIONAL Equicom
+1 416-586-1943
jracanelli@national.ca