TORONTO, April 4,
2022 /CNW/ - 1911 Gold
Corporation ("1911 Gold" or the
"Company") (TSXV: AUMB) (OTCQX: AUMBF) is pleased to
announce the appointment of Carmen
Amezquita, CPA, CA, as Chief Financial Officer of 1911 Gold
Corporation effective April 1,
2022.
Carmen has extensive experience in the resource sector, having
served as the Chief Financial Officer and Corporate Controller for
mining companies with both producing mines and exploration
properties. Prior to that, she worked in the audit and assurance
group at PricewaterhouseCoopers LLP. Carmen received her Chartered
Accountant designation in 2010 and holds a Bachelor of Arts degree
from the University of British Columbia
("UBC") as well as a Diploma in Accounting from UBC Sauder School
of Business.
Shaun Heinrichs, President and
CEO commented: "Since the spin out of 1911 Gold from Klondex Mines
Ltd. in 2018, Carmen has worked with the Company in the Corporate
Controller capacity, assisting in maintaining our ongoing
compliance requirements and exhibiting exceptional resourcefulness
as well as a strong understanding of the mining industry. This
promotion to CFO is a well-deserved progression for Carmen and I
look forward to continuing our working with her in this expanded,
senior capacity."
In connection with her appointment as Chief Financial Officer,
Carmen has been granted 150,000 options to purchase common shares
of the Company pursuant to the Company's Share Option Plan. Such
options have an exercise price of $0.38 per common share and expire on
April 1, 2027. The options vest as to
one-third immediately and one-third after the first and second
anniversaries of the date of grant.
About 1911 Gold
Corporation
1911 Gold is a junior explorer that holds a highly prospective,
consolidated land package totalling more than 58,000 hectares
within and adjacent to the Archean Rice Lake greenstone belt in
Manitoba, and also owns the True
North mine and mill complex at Bissett,
Manitoba, where it is reprocessing historic tailings on a
seasonal basis. 1911 Gold believes its land package is a prime
exploration opportunity, with potential to develop a mining
district centred on the True North complex. The Company also owns
the Apex project near Snow Lake,
Manitoba and the Tully and Denton-Keefer projects near
Timmins, Ontario, and intends to
focus on both organic growth opportunities and accretive
acquisition opportunities in North
America.
1911 Gold's True North complex and exploration land package are
located within the traditional territory of the Hollow Water First
Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks
forward to maintaining open, co-operative and respectful
communication with the Hollow Water First Nation, and all local
stakeholders, in order to build mutually beneficial working
relationships.
www.1911gold.com
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. All statements that
address expectations or projections about the future, including,
but not limited to, statements with respect to the terms of the
Offering, the use of proceeds of the Offering, the timing and
ability of the Company to close the Offering, the timing and
ability of the Company to receive necessary regulatory approvals,
the tax treatment of the Flow-Through Shares, the timing for the
Qualifying Expenditures to be renounced in favour of the
subscribers, the impact of COVID-19 on the business of the Company
and the plans, operations and prospects of the Company, are
forward-looking statements. Although 1911 Gold has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
All forward-looking statements contained in this news release
are given as of the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except in accordance with applicable securities
laws.
Neither 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.
SOURCE 1911 Gold Corporation