AEX Gold Inc Appointment of New Chief Financial Officer (8256M)
January 26 2021 - 01:00AM
UK Regulatory
TIDMAEXG
RNS Number : 8256M
AEX Gold Inc
26 January 2021
AEX Gold Inc.
AEX Appointment of New Chief Financial Officer
TORONTO, January 26, 2021 - AEX Gold Inc. ("AEX" or the
"Corporation" - TSXV: AEX), announces that Jaco Crouse has been
appointed as the new Chief Financial Officer ("CFO") of AEX
effective immediately, replacing George Fowlie who has stepped down
as the CFO but remains on the Board as a Director. The Board
intends to propose Mr. Crouse as a director of the Company at the
next annual general meeting.
Mr. Crouse is a seasoned mining executive with nearly 20 years'
experience in financial management, mine financial planning,
business optimization and strategy development. He most recently
occupied the position of CFO of Detour Gold Corp., where he
facilitated the successful financial and operational turnaround and
sale of the corporation to Kirkland Lake Gold for US$3.7 billion.
Prior to that, Mr. Crouse was Chief Financial Officer & Vice
President-Finance of Triple Flag Mining Finance Ltd., ("Triple
Flag") a Toronto-based private metal streaming business. From
2015-2016 Mr. Crouse was Vice President Business Planning &
Optimization at Barrick Gold Corp. where he was instrumental in
resetting the cost structure and improving the capital allocation
discipline to deliver free cash flow improvements from
underperforming assets during a period of low gold prices.
Mr. Crouse started his career in mining in 2002 at Xstrata
Alloys, the world's largest ferrochrome producer, and went on to
join Xstrata Nickel in 2007 (after the acquisition of Falconbridge)
to integrate and optimize the nickel business unit, during which
time he worked extensively in the Canadian business unit of Xstrata
Nickel. He also worked as an Asset Manager at Glencore following
its merger with Xstrata in 2013 and was responsible for integrating
their nickel marketing offices. Mr. Crouse is a Chartered
Professional Accountant (Ontario), a Chartered Accountant (South
Africa), and a certified Financial Risk Manager (FRM) with a BComs
(Honours) in Accounting Sciences from the University of South
Africa.
Eldur Olafsson, Founder and Chief Executive Office of AEX Gold,
commented:
"On behalf of the board, I would like to welcome Jaco Crouse to
the AEX Gold team. Jaco brings with him significant industry and
financial experience which will be vital as we continue our
progress towards recommencing operations at the Nalunaq Gold Mine
and moving into production."
AEX Gold Inc.
Eldur Olafsson, Director and CEO +354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations +447713126727
ew@aexgold.com
Stifel Nicolaus Europe Limited (Nominated +44 (0) 20 7710
Adviser and Broker) 7600
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 3757
Camarco (Financial PR) 4980
Gordon Poole
Nick Hennis
Emily Hall
Enquiries:
Further Information:
About AEX
AEX's principal business objectives are the identification,
acquisition, exploration and development of gold properties in
Greenland. The Corporation's principal asset is a 100% interest in
the Nalunaq Project, an advanced exploration stage property with an
exploitation license including the previously operating Nalunaq
gold mine. The Corporation has a portfolio of gold assets covering
3,870 km(2) , the largest portfolio of gold assets in Southern
Greenland covering the two known gold belts in the region. AEX is
incorporated under the Canada Business Corporations Act and wholly
owns Nalunaq A/S, incorporated under the Greenland Public Companies
Act.
www.aexgold.com
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Corporation's current expectations regarding future events and
the future growth of the Corporation's business. In this press
release there is forward-looking information based on a number of
assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include but are not
limited to the factors discussed under "Risk Factors" in the Final
Prospectus available under the Corporation's profile on SEDAR at
www.sedar.com. Any forward-looking information included in this
press release is based only on information currently available to
the Corporation and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Corporation
assumes no obligation to update or revise any forward-looking
information to reflect new circumstances or events. No securities
regulatory authority has either approved or disapproved of the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Inside Information
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under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
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