AEX Gold Inc Board Changes (9902W)
April 29 2021 - 1:00AM
UK Regulatory
TIDMAEXG
RNS Number : 9902W
AEX Gold Inc
29 April 2021
AEX Gold Inc.
AEX Board Changes
TORONTO, April 29, 2021 - AEX Gold Inc. ("AEX" or the "Company")
(AIM: AEXG; TSXV: AEX) is pleased to announce that Jaco Crouse has
been appointed as a Director on the Company's Board of Directors,
effective immediately. Mr. Crouse will be replacing Robert Ménard
who has chosen to step down from his position after four years. Mr.
Crouse currently holds the position of Chief Financial Officer
("CFO") for the Company, following his appointment in January 2021,
and will remain in this role.
Mr. Crouse has nearly 20 years' experience in financial
management, mine financial planning, business optimization and
strategy development, and has already contributed significantly to
the Company following his appointment as CFO.
Prior to joining AEX, Mr. Crouse held 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 CFO
& Vice President-Finance of Triple Flag Mining Finance Ltd., 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.
Eldur Olafsson, Founder and Chief Executive Office of AEX Gold,
commented:
"On behalf of the board, I would like to thank Robert for his
outstanding contribution and dedication to AEX since he joined the
team in 2017. I would additionally like to welcome Jaco onto the
Board and I am looking forward to continuing to work with him
closely as we continue to grow the Company."
AIM Rule Disclosures
In relation to the appointment to the board, there is no further
information required to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules for Companies save what is disclosed
below.
Marthinus Jacobus Crouse, aged 43, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Quant Mining None
Mr. Crouse holds 6,250 shares in AEX.
Enquiries:
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
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
This announcement contains inside information as stipulated
under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
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