TIDMSOLG
RNS Number : 8632T
SolGold PLC
17 November 2023
17 November 2023
SolGold plc
("SolGold" or the "Company")
Director Changes
The Board of Directors of SolGold (LSE & TSX: SOLG) advises
all shareholders and interested investors of the following changes
to the Board of Directors of the Company.
Two SolGold Directors, Mr. Liam Twigger and Mr. James Clare,
have notified the Board that they will not seek re-election as
Directors of the Company at the forthcoming Annual General Meeting
of the Company ("AGM") to be held in December 2023. Mr. Twigger and
Mr Clare have been an invaluable part of SolGold, serving as Chair
and Non-Executive Director for three and five years, respectively .
Following the AGM, the SolGold Board will undergo a reconstitution,
appointing a new Chair and board committee memberships. The Board
will begin a search for a new Chair of the Board immediately and
will provide an update in due course.
In line with SolGold's commitment to maintaining a solid and
adaptive skill and experience base, the Board has resolved to
nominate Mr. Adrian (Steve) van Barneveld as a Non-Executive
Director of SolGold, his appointment to be voted upon by
shareholders at the AGM. Mr. van Barneveld has over 35 years of
international experience across the resources and infrastructure
sectors. He currently serves as General Manager, Australia West at
a leading provider of minerals processing and associated
infrastructure solutions to the global resources industry, where he
has held senior executive positions throughout significant growth
and international expansion with former roles including General
Manager, Strategy & Growth, Chief Operating Officer, and
Principal Engineer. He holds a Bachelor of Minerals Technology
(University of Otago) and is a Non-Executive Director of Jameson
Resources Limited (ASX: JAL). Mr. van Barneveld does not hold any
securities in the Company.
The Notice of Meeting and Circular for the AGM to be held in
December 2023 is anticipated to be sent to shareholders on or about
24 November 2023.
Mr. Twigger, Chair, and Mr. Clare, Non-Executive Director of
SolGold, jointly stated:
"Our time at SolGold has been marked by significant progress and
the consolidation of the Cascabel Project. The company's current
trajectory is highly encouraging. Following the AGM, we believe
it's the right moment for us to step aside, confident in SolGold's
ability to further advance Cascabel and the ongoing strategic
review on parallel paths."
Scott Caldwell, SolGold's CEO and President of SolGold Ecuador,
commented :
"I would like to express my sincere appreciation to Liam and
James for their significant contributions and steadfast commitment,
especially during the critical phase post-Cornerstone merger and
throughout our ongoing strategic review and feasibility studies.
Their guidance has been instrumental in our journey."
Nick Mather, SolGold Founder and Non-Executive Director,
remarked:
"Liam and James have played important roles in shaping the
Company's path forward. Their advice and contribution have been
greatly valued, and we acknowledge their support and dedication to
SolGold's mission."
This announcement was approved for release by Steven Wood -
Joint Company Secretary.
Certain information contained in this announcement would have
been deemed inside information.
CONTACTS
Scott Caldwell Tel: +44 (0) 20 3807 6996
Chief Executive Officer
Tavistock (Media) Tel: +44 (0) 20 7920
Jos Simson/Gareth Tredway 3150
ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery,
definition and development of world-class copper and gold deposits
and continues to strive to deliver objectives efficiently and in
the interests of shareholders.
The Company operates with transparency and in accordance with
international best practices. SolGold is committed to delivering
value to its shareholders while simultaneously providing economic
and social benefits to impacted communities, fostering a healthy
and safe workplace, and minimizing the environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock
Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information.
CAUTIONARY NOTICE
News releases, presentations and public commentary made by
SolGold plc (the "Company") and its Officers may contain certain
statements and expressions of belief, expectation or opinion which
are forward looking statements, and which relate, inter alia, to
interpretations of exploration results to date and the Company's
proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for
developing the Project currently being studied as well as the
expectations of the Company as to the forward price of copper. Such
forward-looking and interpretative statements involve known and
unknown risks, uncertainties and other important factors beyond the
control of the Company that could cause the actual performance or
achievements of the Company to be materially different from such
interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations
or forward-looking statements; and save as required by the exchange
rules of the TSX and LSE or by applicable laws, the Company does
not accept any obligation to disseminate any updates or revisions
to such interpretations or forward-looking statements. The Company
may reinterpret results to date as the status of its assets and
projects changes with time expenditure, metals prices and other
affecting circumstances.
This release may contain "forward--looking information".
Forward--looking information includes, but is not limited to,
statements regarding the Company's plans for developing its
properties. Generally, forward--looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward--looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward--looking information, including but not limited to:
transaction risks; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of
the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, risks relating to the ability of exploration
activities (including assay results) to accurately predict
mineralization; errors in management's geological modelling and/or
mine development plan; capital and operating costs varying
significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required
governmental, environmental or other required approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation; the
global economic climate; fluctuations in commodity prices; the
ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects;
environmental risks; community and non-governmental actions; other
risks involved in the mineral exploration and development industry;
the ability of the Company to retain its key management employees
and skilled and experienced personnel; and those risks set out in
the Company's public documents filed on SEDAR+ at www.sedarplus.ca
. Accordingly, readers should not place undue reliance on
forward--looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
The Company and its officers do not endorse, or reject or
otherwise comment on the conclusions, interpretations or views
expressed in press articles or third-party analysis.
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END
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November 17, 2023 06:46 ET (11:46 GMT)
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