Mr. David Beck
reports
WINDFALL GEOTEK ANNOUNCES BOD APPOINTMENTS, CREATION OF ADVISORY BOARD, & CORPORATE UPDATE
Windfall Geotek Inc. has appointed Dorian L. (Dusty) Nicol and Joseph Lafleur to the company's board of directors as independent and non-executive directors, pending acceptance from the TSX Venture Exchange. Mr. Nicol and Mr. Lafleur will serve as independent members of the company's audit committee alongside David Beck, chairman and chief executive officer. Following these appointments, the board will consist of three directors. Additionally, the company has created an advisory board led by Andre Gauthier. The advisory board will report to the board and advise on potential exploration mining acquisitions.
Board of directors
Mr. Nicol
has over 48 years of worldwide experience in mineral exploration and mining. He led the early work in Papua New Guinea that recognized the large porphyry system in the Eastern Highlands, which eventually became the K92 gold deposit. Mr. Nicol has held senior positions on several public companies (Toronto Stock Exchange, TSX Venture Exchange, Australian Securities Exchange, Alternative Investment Market and Amman Stock Exchange), having served as a chief executive officer/president, vice-president (exploration), technical director and independent director. Mr. Nicol is a registered and chartered geologist. He has a BSc in Earth science from MIT and an MA in geology from Indiana University.
Mr. Lafleur
has over 35 years of experience in the financial services industry, which started with Midland Walwyn and continued with success at several other investment dealers. He was also a member of TD Evergreens advisory board and played an instrumental role in building their private banking and wealth management division. Mr. Lafleur studied graduated with a business degree from Wilfrid Laurier University.
Advisory board
Mr. Gauthier
has over 47 years of experience in the mining exploration field with work in over 35 countries. From a start with SOQUEM, Mr. Gauthier experience has spanned well-known mining companies such as Falconbridge, Noramco and Cambior.
In China, he served as president of
CIMG
(China International Mining Group). In Dubai, he was a member of the Canadian-UAE Business Council. In Canada, he served as vice-president of
Quebec Prospector Association.
In Peru, he was director of the
Peruvian Mining Society
and president of the foreign investment committee, a founding director of SARCC, and a founding member and director
of the Canada-Peru Chamber of Commerce. Mr. Gauthier has a BSc in geological engineering and a master's degree in mineral exploration.
Corporate update
The company further provided an update on the TSX-V trading halt previously announced on Feb. 15, 2024. The TSX-V has advised the company that the trading halt will remain in place as the company and the TSX-V discuss the course of the company's business. The company will confirm when the trading halt will be lifted on the TSX-V after those discussions are concluded with the TSX-V.
Finally, the company confirms that its executive management team continues to comprise Mr. Beck (chief executive officer) and Scott Kelly (chief financial officer and corporate secretary).
Mr. Beck commented:
"I am very pleased to announce the appointment of Dusty Nicol and Joe Lafleur to the Windfall board of directors as well as the creation of a Windfall advisory board, which will be led by Andre Gauthier. I consider these gentlemen of excellent character, expertise and commitment and look forward to their support in building Windfall through the acquisition mining assets."
About Windfall Geotek
Inc.
Windfall Geotek is an exploration company focused on identifying and developing mineral resource projects globally. Using its proprietary AI (artificial intelligence) and data mining techniques,
Windfall
combines available public and private data sets, including geophysical, drill hole and surface data, to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization.
The company's objective is to identify, acquire and develop new and existing mineral properties using its technology.
We seek Safe Harbor.
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