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Carmanah Minerals Appoints Karim Rayani as Strategic Advisor to the Board
Vancouver, BC - TheNewswire - May 18, 2023 - Carmanah Minerals Corp. (CSE:CARM), (“Carmanah” or the “Company”) is pleased to announce the appointment of Mr. Kar
About this update from Skull Ridge Gold Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - May 18, 2023 - Carmanah Minerals Corp. (CSE:CARM), (“Carmanah” or the “Company”) is pleased to announce the appointment of Mr. Karim Rayani as a Strategic Advisor and Arranger to the Company. For the past 18 years, Mr. Rayani has been focused on financing both international and domestic mineral exploration and development. Currently, Mr. Rayani is a principal of R7 Capital Ventures Ltd., an investment family office firm with a diverse portfolio covering Natural Resources, Energy, Cleantech, Renewables, and Health related ventures all with a focus on Public Venture Capital. Prior to this, he worked independently as a Management Consultant and Financier. Presently, he also serves as Chief Executive Officer, Director of Falcon Gold Corp., Chairman, Chief Executive Officer, Director of Power One Resources Corp., Chief Executive Officer, Director of Latamark Resources Corp., Chief Executive Officer, Director of Marvel Discovery Corp., Chairman, Director of District 1 Exploration Corp., and Chief Executive Officer, Director of Auvega Labs Inc. The Company notes that R7 Capital Ventures Ltd., a company controlled by Mr. Rayani subscribed to the Company’s most recent private placement offering as lead order, subscribing to 1,536.60 million units. The offering closed on May 04, 2023. Mr. Rayani now holds directly or indirectly, 3,563,601 Shares, 1,536,601 Warrants, and 215,000 Options, representing 18.04% of Carmanah’s current issued and outstanding common shares on a non-diluted basis, or 24.71% on a partially diluted basis (assuming the exercise of the Warrants and Options). “We are honored to have Karim act as an advisor to the board and to have acquired a substantial position in Carmanah, his experience and success in mining finance and M&A ventures will be of great importance as we develop our Rare Earth and Energy projects.” Stated Fraser Rieche, Carmanah’s Chief Executive Officer, Director. About Carmanah Minerals Corp. Carmanah Minerals Corp. is a Canadian junior exploration company focused on a diversified portfolio covering Precious Metals, Energy, and Critical Elements. The Company recently signed a Joint Venture agreement with Marvel Discovery Corp. to earn a 50% interest in the Walker Claims located along the prolific Key Lake fault adjacent to Cameco’s Mine and Mill in the Athabasca B...