Rigel Technologies Appoints New CFO

TORONTO, Jan. 30, 2019 /CNW/ - Rigel Technologies Inc. (the "Company" or "Rigel") is pleased to announce the appointment of John Langmuir as the Company's Chief Financial Officer, effective January 25, 2019.

Mr. Langmuir is a financial and accounting executive with a 30 year career of experience. Recently, as Corporate Controller for Dundee Energy Limited Partnership ("Dundee"), Mr. Langmuir managed the entire accounting and financial reporting team for Ontario's largest E&P organization with production revenues that reached $40 million from approximately 450 oil and natural gas wells located in Southern Ontario. Prior to joining Dundee, Mr. Langmuir provided independent Controllership and CFO services to a number of small and mid-market organizations for approximately 10 years. During this time, he gained valuable experience with various industries including sales and distribution, other oil and natural gas, warehousing and, an international Inventory management service provider.

In addition, Mr. Langmuir has held the role of CFO at separate times for one of Canada's largest fuel distribution companies and an emerging biotech company. He is also the CFO of Jubilee Gold Exploration Ltd.

Mr. Langmuir will succeed Mr. Keith Li, who has served as the Company's CFO since December 2017. The Company would like to take this opportunity to thank Mr. Li for his role and effort for the past year.

Neither the 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.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information".  Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of the Company or the assumptions underlying any of the foregoing.  In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved.  Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control.  The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

SOURCE Rigel Technologies Inc.

View original content: http://www.newswire.ca/en/releases/archive/January2019/31/c6175.html