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Carbon Done Right Developments Inc. — Board/Management Information 2021
Mar 1, 2021
43708_rns_2021-03-01_64ffef6a-0abc-4cca-8fb5-aacd1da93c25.pdf
Board/Management Information
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Earl Resources Limited (the “ Company ”) Suite 615, 800 West Pender Street Vancouver, BC, Canada V6C 2V6
Item 2 Date of Material Change
February 24, 2021
Item 3 News Release
The news release announcing the material change described herein was disseminated through the news dissemination services of Stockwatch and Baystreet on February 24, 2021.
Item 4 Summary of Material Change
The Company announced Mr. Satvir Dhillon has resigned as a Director and Audit Committee member of the Company and Mr. Chris Colborne will be appointed to the Company’s Board of Directors to replace Mr. Dhillon, effective February 25, 2021.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
The Company announced Mr. Satvir Dhillon has resigned as a Director of the Company to pursue other business interests and the Company wishes to sincerely thank him for his service as a Director and Audit Committee member. Mr. Chris Colborne will be appointed to the Company’s Board of Directors to replace Mr. Dhillon, effective February 25, 2021.
Mr. Colborne has 13 years professional experience providing consulting and executive management services in the energy industry. Mr. Colborne is an executive director of both Cutter Resources Ltd. and Southwest Partners. Mr. Colborne began his professional career at PricewaterhouseCoopers LLP (" PwC "), focused on North American energy and infrastructure clients. Prior to joining PwC, Mr. Colborne worked in energy services in the area of new facility construction. Mr. Colborne is a Chartered Accountant and is a graduate of the University of Lethbridge.
The Company reiterates that the Board of Directors has issued a mandate to management to actively pursue opportunities within the utility scale energy storage sector in North America. The Company’s ability to identify and complete a transaction will be subject to financing and regulatory approval.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
Paul Larkin, Chief Executive Officer Phone: 604 687 7767
Item 9
Date of Report
March 1, 2021