08:51:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Avidian Gold Corp
Symbol AVG
Shares Issued 122,372,414
Close 2021-04-07 C$ 0.165
Market Cap C$ 20,191,448
Recent Sedar Documents

Avidian appoints Altmann, Winters as directors

2021-04-07 10:13 ET - News Release

Mr. Steve Roebuck reports

AVIDIAN APPOINTS NEW BOARD MEMBERS AND PROMOTES MR. STEVE ROEBUCK TO PRESIDENT AND CEO

Avidian Gold Corp. has appointed Stephen Altmann and Rick Winters to the board of directors. In addition, Steve Roebuck has been appointed president and chief executive officer. David Anderson will remain chairman of the board, and Dino Titaro, currently a director, has been appointed vice-chairman. Doug Kirwin will be stepping down from the board but will remain as a technical adviser. All announced changes are effective immediately.

Avidian's chairman, Mr. Anderson, states: "We are pleased to have Steve move into the president and CEO role. He has been a great addition to the company and has made a valuable contribution to the growth and advancement of Avidian over the past couple of years. Steve takes the helm at an exciting time in the company's life as we advance our gold projects and prepare to take our subsidiary company High Tide public. He'll be helped greatly by the addition of Stephen Altmann and Rick Winters to the board who bring a wealth of knowledge and experience in the mining industry including finance, acquisitions and corporate governance. Thanks to Doug Kirwin for his support and commitment to Avidian over the past few years. We are very pleased to be able to continue to benefit from his experience through his new role as technical adviser."

Mr. Altmann is currently a managing director at Morrison Park Advisors, an investment banking advisory firm in Toronto, Canada, where he provides strategic advice and financial analysis to mining companies globally in their evaluation and implementation of strategic transactions. He also provides strategic and financial advice to first nation communities in their negotiations with mining companies. As an investment banker, he has been at major bank-owned Canadian investment banks and at a bulge-bracket international investment bank where he financed and advised on mergers, acquisitions, asset sales and purchases, fairness opinions and valuations, and other advisory services to a large selection of domestic and international public companies, primarily in the mining sector. Mr. Altmann holds a master of business administration and an honours bachelor of science (geophysics) degree. He has also been a senior executive and board member of publicly traded mining companies.

Mr. Winters is the principal of RAWsources LLC, a mineral industry management consultancy. Until 2019 he was president of RMB Resources Inc., representing the North American offices of RMB Resources, the resource merchant banking business of the FirstRand Group of South Africa. In his capacity with RMB, Mr. Winters was involved in dozens of junior company financings from pre-initial public offering equity to corporate debt with an emphasis on structured finance. Prior, he was vice-president of corporate development for Golden Star Resources, a Canadian gold and diamond exploration company, and an equity, sell-side mining sector analyst for Robertson Stephens, a San Francisco investment bank, and held various positions within the mining industry from miner to senior engineer with such companies as Phelps Dodge, ASARCO, Homestake Mining and Echo Bay Mines. Mr. Winters received his undergraduate degrees in business and economics from the University of Montana and his master's degree and postgraduate studies in mineral economics at the Colorado School of Mines. He has sat on the boards of public and private resource companies.

A total of 1.1 million options will be issued to directors and advisers. The options provide the right to purchase a common share of the corporation at 20 cents for a period of five years. The options will vest over a three-year period as per the company's stock option plan.

The appointment of Mr. Altmann and Mr. Winters to the board of directors is subject to TSX Venture Exchange approval.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers together with a focus on advanced stage gold exploration projects in Alaska. Avidian's Golden Zone project hosts a National Instrument 43-101 indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 grams per tonne gold) plus an inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au)*. Additional projects include the Amanita and the Amanita Northeast gold properties which are both adjacent to Kinross Gold's Fort Knox gold mine in Alaska, and the Jungo gold/copper property in Nevada.

*Technical report on the Golden Zone property, Aug. 17, 2017, L. McGarry, PGeo, and I. Trinder, PGeo, ACA, Howe International Ltd.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.