08:48:49 EDT Thu 28 Mar 2024
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Oceanagold Corp
Symbol OGC
Shares Issued 611,024,600
Close 2016-10-25 C$ 4.27
Market Cap C$ 2,609,075,042
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Oceanagold lead director Shale dies

2016-10-25 21:32 ET - News Release

Mr. Jim Askew reports

OCEANAGOLD ANNOUNCES SUDDEN PASSING OF JAMES DENHAM SHALE

James Denham Shale, lead non-executive director of Oceanagold Corp.'s board of directors, passed away suddenly on Oct. 24, 2016.

Mr. Shale was a practising lawyer in New Zealand, where he was previously the chairman of Kensington Swan, a leading New Zealand law firm. Mr. Shale was appointed as a director of Oceanagold Ltd. in February, 2004, and in 2007, following the merger between Oceanagold and Climax Mining, Mr. Shale was appointed as the lead non-executive director of Oceanagold Corp. Over the past 25 years, Mr. Shale served on the board of a number of other prominent Australian- and New Zealand-listed companies. He was also a past president and a distinguished fellow of the Institute of Directors in New Zealand.

Jim Askew, chairman of the board of directors, said: "We are all deeply saddened by the unexpected passing of Denham. He was an archetype gentleman and a very highly respected member of the board, whose contribution, invaluable advice, guidance and friendship will be sorely missed by everyone. On behalf of the board of directors, management and everyone at the company, we extend our thoughts and deepest sympathies to Denham's family and friends. He will be greatly missed."

Mr. Askew added: "On a personal note, Denham was one of the most consummate company directors I've ever had the good fortune to work with, he never shirked the challenges which inevitably occur in public life, drew great joy from the wonderful community development and environmental successes of Oceanagold, and was a constant strength to all who had the privilege to serve with him. I will miss him very much."

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