Brazilian Gold Announces Management Changes
January 20 2011 - 5:49PM
Marketwired
Brazilian Gold Corporation (TSX VENTURE: BGC) (the "Company")
announces the appointment of Mr. John (Ian) Stalker as Chief
Executive Officer (CEO) of the Company and the resignation of Mr.
Alvin Jackson from this position effective January 31st, 2011. Mr.
Alvin Jackson will continue as Chairman of the Board and as a
non-executive director, but has decided to step down from day to
day management duties.
Mr. Stalker is a director of the Company and has over thirty
years of development and operational mining experience in many
different countries. He has worked his way up from operational
roles in the base and precious metals arenas to executive positions
in some of the largest mining companies in the world.
Mr. Stalker recently resigned as CEO of Berkeley Resources Ltd.,
an Australian and London listed public company with its main asset,
a uranium development project, in Spain. He was CEO of UraMin Inc.
("UraMin"), a London and Toronto listed public company until its
acquisition by Areva in August 2007 for US$2.5 billion. Prior to
joining UraMin, Mr. Stalker was a Vice President of Gold Fields
Ltd., the fourth largest gold producer in the world at the
time.
The Board would like to thank Mr. Jackson for his years of
service and dedication. Alvin Jackson commented, "I have enjoyed
working with Brazilian Gold over the last 5 years, but have decided
to step down as a full time executive. I have full confidence in
Ian and the management team, and will continue to help and advise
the Company in my capacity as Chairman. The Company has assembled a
highly prospective portfolio of gold projects in the last two years
and I am confident that with continued exploration over the next
year there is potential to increase the number of ounces and to
discover new deposits."
The Company has also granted incentive stock options to purchase
up to 1,645,000 common shares of the Company to directors,
officers, employees and certain consultants of the Company under
its stock option plan. The options are exercisable for a five year
period at a price of $0.62 per share and are subject to vesting
provisions.
About Brazilian Gold Corporation
Brazilian Gold Corporation is a Canadian based public company
with a focus on acquisition, exploration and development of mineral
properties in the Tapajos region of Northern Brazil. For more
information on the Company, please visit its website at
http://www.braziliangold.ca.
Neither Toronto Stock Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Venture Exchange) accepts responsibility for the
adequacy or the accuracy of this news release.
Contacts: Brazilian Gold Corporation Joanne Yan President and
Director +1 604 602-8188 +1 604 677-6243 (FAX) Brazilian Gold
Corporation Tom Hart Investor Relations +1 403 701-4278
www.braziliangold.ca
Brazilian Gold Corporation (TSXV:BGC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Brazilian Gold Corporation (TSXV:BGC)
Historical Stock Chart
From Oct 2023 to Oct 2024