Stone Gold Inc. Announces the Appointment of a new CEO
02 November 2020 - 11:30PM
Stone Gold Inc. (
TSX-V / STG)
("
Stone Gold" or the "
Company")
is pleased to announce the appointment of Mr. John Timmons as
President and CEO of the Company effective immediately.
Mr. Timmons is a seasoned mining executive
having worked with Guyana Goldfields for 16 years and was
instrumental in the development of the company from initial
exploration to production. He has held various senior corporate and
operational roles including Corporate Manager and Risk Manager/Head
of Security for the Aurora Mine in Guyana. He was also Corporate
Secretary and General Manager of Goldstone Resources prior to the
sale to Premier Gold Mines.
Mr. Timmons is a graduate of the York University
Risk Management program and is an accredited director (Acc. Dir.).
He has completed the Osgoode Hall Mining Law Certificate program,
Osgoode Hall Securities Law program and completed post-graduate law
courses in Governance and Syndicated Loans at the University of
London (U.K.).
Mr. Howlett has resigned as President and CEO to
pursue other interests, but commented, “While I am stepping down
from my role, I have full confidence in John and his vision for
Stone Gold,” said Brian Howlett. “I will be remaining with the
company as a director as we continue to develop our Mount Jamie
North Project in the Red Lake area, and the Glenrock Gold Property
in the Batchawana area.”
The Company also announced that it has granted
an aggregate of 950,000 incentive stock options to certain
directors, officers and consultants of the Company. The options
were granted under the Company's Stock Option Plan and each stock
option entitles the holder to acquire one Stone Gold common share
at an exercise price of $0.15 until November 2, 2025 and vest
immediately.
For more information on Stone Gold, please visit
our website at www.stonegold.ca.
For further information, please
contact:Brian HowlettPresident & CEOStone Gold Inc.
Cell: 647-227-3035
About Stone Gold
Inc.Stone Gold Inc. is engaged in the acquisition,
exploration and evaluation of properties for the mining of precious
and base metals.
Caution Regarding Forward-Looking
InformationThis news release contains forward-looking
information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Stone Gold.
Forward-looking statements include estimates and statements that
describe Stone Gold's future plans, objectives or goals, including
words to the effect that Stone Gold or its management expects a
stated condition or result to occur. Forward-looking statements may
be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan".
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to Stone Gold, Stone
Gold provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, Stone Gold's objectives, goals or
future plans, statements, details of the exploration results,
potential mineralization, Stone Gold's portfolio, treasury,
management team and enhanced capital markets profile, the timing of
the Transaction, the estimation of mineral resources, exploration
and mine development plans, timing of the commencement of
operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
failure or inability to complete the Transaction on the terms as
announced or at all, regulatory approval processes, failure to
identify mineral resources, delays in obtaining or failures to
obtain required governmental, regulatory, environmental or other
project approvals, political risks, inability to fulfill the duty
to accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in Stone Gold's public documents filed on SEDAR. Although Stone
Gold believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. Stone Gold disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
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