Greenheart Gold Appoints a New Director and a Senior VP Corporate Development
November 27 2024 - 8:35AM
Greenheart Gold Inc. (TSXV: GHRT) (the “Company” or “Greenheart
Gold”) is pleased to announce the appointment of Karim Michel Nasr
to its Board of directors and Doug Flegg as Senior Vice President,
Corporate Development.
“We are very pleased to have Karim Nasr join our
board of directors” stated David Fennell, Executive Chairman of
Greenheart Gold. “Karim brings with him a wealth of experience in
capital markets and corporate strategy and will be a great resource
for Greenheart Gold as we position the Company for future
growth.”
Mr. Nasr has over 25 years of experience in
corporate finance and investments, especially in the technology,
media and telecom (“TMT”), and mining sectors. He is currently
Chief Investment Officer and Managing Partner at G Mining Capital.
Mr. Nasr joined La Mancha Resource Capital in 2018 as Chief
Financial Officer and he was Managing Partner & co-Chief
Investment Officer from 2019 to October 2024. From 2011 to 2017, he
was Chief Executive Officer of Digital World Capital LLP, an
alternative asset manager specialized in TMT and advised clients on
special situation investments. From 2001 to 2011, Mr. Nasr was a
member of the Executive and Investment Committee of Wind Telecom
and Orascom Telecom, in charge of corporate finance, raising over
US$68 billion in capital and closing over US$67 billion in merger
and acquisition transactions. Mr. Nasr previously served on the
boards of G Mining Ventures Corp., Horizonte Minerals plc.,
Elemental Altus Royalties Corp. and Golden Star Resources Ltd. Mr.
Nasr holds a master’s degree in management from the University of
Paris IX.
Justin van der Toorn, President and CEO of
Greenheart Gold commented “We are pleased to welcome Doug to the
senior management team of Greenheart Gold. Doug’s combination of
technical background in geology and over 38 years in various
positions in capital markets, are well suited to help the Company
achieve its goal of maintaining a strong financial position and a
supportive shareholder base.”
Mr. Flegg has over 38 years’ experience in
mining finance including senior positions in research, portfolio
management and global equity sales. Previously, Mr. Flegg was
Managing Director Global Mining Sales with BMO Capital Markets,
where he was involved in raising $35 billion in over 200 corporate
financings. Since 2016 Doug has been working closely with the
boards and senior executive teams of junior mining companies, most
recently with that of Reunion Gold, providing business development,
strategy and financing advice. Mr. Flegg holds a CFA charter, has
obtained both an MBA and a B.Sc. in Geology from Queen’s
University, Kingston and has experience as an exploration
geologist.
Grant of Stock Options
The Company also announces that it has granted
incentive stock options to purchase up to a total of 6,750,000
common shares of the Company at an exercise price of $0.60 to
certain officers, directors, employees and key consultants of the
Company in accordance with the Company’s stock option plan. The
stock options are exercisable for a period of five years expiring
on November 26, 2029, and are vesting in three tranches over a
period of two years. The grant of the options is subject to the
approval of the TSX Venture Exchange.
About Greenheart Gold Inc.
Greenheart Gold is an exploration company that
builds on a proven legacy of discoveries within the Guiana Shield,
a highly prospective geologic terrain that hosts numerous gold
deposits yet remains relatively under-explored. The Company is led
by former executives and exploration team of Reunion Gold, a team
that was most recently noted for the discovery and delineation of
the multi-million-ounce Oko West deposit in Guyana, which was sold
to and being advanced to production by G Mining Ventures.
Greenheart Gold intends to build on its technical knowledge, strong
relationship base and success from exploring in the Guiana Shield
to assemble, maintain and explore a portfolio of early-stage
exploration projects in Guyana and Suriname that are prospective
for orogenic gold deposits.Greenheart Gold trades on the TSX
Venture Exchange under the symbol ‘GHRT’. Additional information
about the Company is available on SEDAR+ (www.sedarplus.ca) and the
Company's website (www.greenheartgold.com).
For further information, please contact:
GREENHEART GOLD INC.
Justin van der Toorn, President and CEO, or Doug
Flegg CFA, Senior V.P. Corporate Development E:
d.flegg@greenheartgold.comE: info@greenheartgold.comTelephone: +1
450-800-2882
Cautionary Statement on Forward-Looking
Information
All statements, other than statements of
historical fact, contained in this press release constitute
“forward-looking information” and “forward-looking statements”
within the meaning of certain securities laws and are based on
expectations and projections as of the date of this press release.
Forward-looking statements contained in this press release include,
without limitation, those related to the Company’s plans and
objectives.
Forward-looking statements are based on beliefs,
expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by the Company as of the time of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect. Many of these uncertainties
and contingencies can directly or indirectly affect, and could
cause, actual results to differ materially from those expressed or
implied in any forward-looking statements. By their very nature,
forward-looking statements involve inherent risks and
uncertainties, both general and specific in nature, including among
others, those risks and uncertainties set forth in the Listing
Application (Form 2B) dated August 30, 2024, management’s
discussion and analysis for the three months ended September 30,
2024 and other documents and reports filed by the Company with
Canadian securities regulators available under the Company’s
profile on SEDAR+ at www.sedarplus.ca, and the risk that estimates,
forecasts, projections and other forward-looking statements will
not be achieved or that assumptions do not reflect future outcomes.
Forward-looking statements are provided for the purpose of
providing information about management’s expectations and plans
relating to the future. Readers are cautioned not to place undue
reliance on these forward-looking statements as a number of
important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates, assumptions and intentions
expressed in such forward-looking statements. The Company cautions
that the list of factors set forth in the Company’s filings that
may affect future results is not exhaustive, and new, unforeseeable
risks may arise from time to time. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements or to explain any material difference between subsequent
actual events and such forward-looking statements, except to the
extent required by applicable law.
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 press release.
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