VANCOUVER, BC, Nov. 14,
2024 /CNW/ - Soma Gold Corp. (TSXV: SOMA)
(WKN: A2P4DU) (OTC: SMAGF) (the "Company" or "Soma")
is pleased to announce the appointment of Terry Krepiakevich, FCPA, FCA, ICD.D, to its
Board of Directors, effective immediately. Mr. Krepiakevich brings
a wealth of experience in financial oversight, corporate
governance, and strategic leadership that will significantly
strengthen Soma's Board as the Company continues to grow its
operations.
Mr. Krepiakevich's extensive career spans over a decade in
senior executive and board roles, with notable experience as
Director and Audit Committee Chair for Alexco Resource Corp., a
TSX- and NYSE-listed mining company, where he served from 2009 to
2022. His professional credentials include being a Fellow of the
Chartered Professional Accountants of British Columbia and a certified member of the
Institute of Corporate Directors. His expertise in audit,
compensation, and governance for publicly listed companies will
provide Soma with invaluable insights into enhancing shareholder
value and reinforcing its corporate governance framework.
Geoff Hampson, President and CEO
of Soma Gold, states, "We are thrilled to welcome Terry to our
Board. His broad experience and financial acumen will be
instrumental in supporting our growth initiatives. As we advance
our projects and look at new opportunities, Terry's extensive
experience and contacts in the mining industry will provide
management and the Board welcome guidance, creating tremendous
value for Soma and its shareholders."
This appointment is subject to shareholder approval at the
Company's Annual General Meeting, which is scheduled for
December 9, 2024.
Soma also announces, subject to regulatory approval, the grant
of 100,000 stock options to a director to purchase common shares of
the Company in accordance with its Equity Incentive Plan. The
options vest immediately and are issued at an exercise price of
55 cents per common share. They
expire five years from the date of issuance. Upon completion of
this grant, 5,342,000 options and RSUs will be granted under the
plan, representing 5.80% of the company's outstanding shares.
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold
production and exploration. The Company owns two adjacent mining
properties in Antioquia, Colombia
with a combined milling capacity of 675 tpd. (Permitted for 1,400
tpd). The El Bagre Mill is currently operating and producing.
Internally generated funds are being used to finance a regional
exploration program.
With a solid commitment to sustainability and community
engagement, Soma Gold Corp. is dedicated to achieving excellence in
all aspects of its operations.
The Company also owns an exploration property near Tucuma, Para
State, Brazil that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Geoff Hampson"
Chief Executive Officer and
President
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.
All statements, analysis and other information contained in
this press release about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any
obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change
except as required by applicable laws. Investors should not place
undue reliance on forward-looking statements.
SOURCE Soma Gold Corp.
