Rigel Technologies Appoints New Chief Financial Officer

Toronto, Ontario--(Newsfile Corp. - October 10, 2019) - Rigel Technologies Inc. (the "Company" or "Rigel") is pleased to announce the appointment of Hasan Zaidi as the Company's Chief Financial Officer, effective October 8, 2019.

Mr. Zaidi is a finance professional with over 6 years of experience in the private sector, specializing in corporate accounting, financial reporting and regulatory compliance services. Mr. Zaidi is also currently the CFO of Duncan Park Holdings Corporation. Prior to joining Rigel, Mr. Zaidi worked for several publicly held and private companies, most recently at a leading real estate and asset management company. Mr. Zaidi holds a Bachelor of Commerce Degree in Accounting from Ryerson University and has been a CPA, CGA since 2016.

Mr. Zaidi will succeed Mr. John Langmuir, who has served as the Company's CFO since January 2019. The Company would like to take this opportunity to thank Mr. Langmuir for his role and effort for the past nine months.

FOR FURTHER INFORMATION CONTACT:

Jeremy Rozen, President and CEO
Tel: 905-883-9602
E-Mail: rozenjb@gmail.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48687