Calgary, AB – TheNewswire - May 9, 2023 – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company”), a life sciences company with a mission to deliver medicalized ibogaine-centered addiction care, advises of the departure of two members of its Board of Directors (the “Board”).  Dr. Alberto Sola Agullo has decided to resign from the Board in order to focus his time on his ibogaine based addiction treatment business, Clear Sky Recovery Cancun SA de CV (“Clear Sky”) which operates in Cancun, Mexico.  In conjunction, Robert Turner has also chosen to resign from the Board, which continues with members Ian Campbell (Chairman), Anthony Decristofaro, and Nick Karos (CEO).

The Company thanks Dr. Sola and Mr. Turner for their ongoing insight and guidance to date as Board members.  UI also acknowledges and thanks Dr. Sola for his development and completion of the ibogaine based addiction treatment protocol which was previously acquired by UI under an exclusive global licensing agreement with Clear Sky, and which the Company will use as part of the foundation for its planned clinical trial application to Health Canada for the use of ibogaine in the treatment of opioid use disorder.

UI also advises of the expansion of its Advisory Board to include Amanda Zinter.  Candice Wilson and Amanda Zinter the founders of WilsonZinter Enterprises Ltd., who live and work on the unceded territories of the Haisla Nation and Semiahmoo First Nation, and both work closely with Haisla Nation, Candice as the Environment Manager and Amanda as a Regulatory Consultant. WilsonZinter was formed to promote indigenous involvement in project development across Canada.  Candice and Amanda have deep expertise in government, regulatory, social governance, indigenous rights, and promoting partnerships with businesses that want to demonstrate high levels of social responsibility through their involvement in the incorporation and promotion of indigenous rights and the necessity of understanding the knowledge the culture brings to environment and its connection back to oneself.

CEO Nick Karos commented “Like many start-up ventures, the Board of UI has evolved over time, and we will seek to fill the current vacancies with appropriate new members.  Separately, we are pleased to have Amanda Zinter join our team in an advisory capacity.  Her network and expertise will help us advance our mission with various regulatory bodies and continue to deepen our commitment to potential future partnerships with First Nations groups.”

The UI Advisory Board was formed in November 2022, and is intended to allow the Company to draw on a broad range of expertise and experience of its members from various fields, including medical practice, First Nations leadership, psychedelics research, government relations and grant funding.  

About Universal Ibogaine Inc. 

UI is a life sciences company, with a mission to transform addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorder, and ultimately to utilize that treatment protocol globally through planned future licensing agreements.  UI is concurrently developing a state of the art holistic addiction treatment protocol at its Kelburn Recovery Centre (located near Winnipeg, Manitoba) that, which when paired with the planned ibogaine detox protocol, is intended to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.  

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS  

‎This news release may contain forward-looking statements and information. Forward-looking information is frequently characterized by words such ‎as "plans", “planned”, "expect", "project", "intends", “intended” "will", "believe", "anticipate", "estimate", "scheduled", ‎‎"potential", or other similar words, or statements that certain events or conditions "may", "should" or ‎‎"could" occur.  The forward-looking statements and information are based on certain key expectations ‎and assumptions made by UI.  Although UI believes that the expectations and assumptions on which the forward-‎looking statements are based are reasonable, undue reliance should not be placed on the forward-‎looking statements because UI can give no assurance that they will prove to be correct. 

Since ‎forward-looking statements address future events and conditions, by their very nature they involve ‎inherent risks and uncertainties. Actual results could differ materially from those currently anticipated ‎due to a number of factors and risks, which include, but are not limited to, risks that required ‎regulatory approvals are not obtained. The reader is cautioned that assumptions used in the ‎preparation of such information, although considered reasonable by UI at the time of ‎preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on ‎forward-looking information, which speaks only to conditions as of the date hereof.  UI does not ‎undertake any obligation to release publicly any revisions to forward-looking information contained ‎herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence ‎of unanticipated events, except as may be required under applicable securities laws. ‎ 

For further information:  

Investor Relations: Dugan Selkirk, IR Manager 

dugan.selkirk@universalibogaine.com 

Related Links 

https://universalibogaine.com