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Solgold PLC
Symbol C : SOLG
Shares Issued 1,696,245,686
Close 2018-05-01 C$ 0.46
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Solgold appoints Clare to board

2018-05-01 09:54 ET - News Release

Mr. Karl Schlobohm reports


James Clare has been appointed as a non-executive director of Solgold PLC's board of directors.

Mr. Clare is a partner at Bennett Jones LLP, one of Canada's leading corporate law firms. He is a corporate and securities lawyer with extensive experience in the mining sector both domestically and internationally. He was extensively involved with Solgold's Toronto Stock Exchange listing process and provides continuing legal and corporate advice to the company in relation to its Canadian regulatory and business matters.

Mr. Clare is recognized by Lexpert as a leading mining lawyer in Canada, and repeatedly recommended for his experience in mining, corporate finance and securities law by the Canadian Legal Lexpert Directory.

Mr. Clare also currently acts as a non-executive director of PJX Resources Inc., Riverside Resources Inc. and Spanish Mountain Gold Ltd.

Appointment of Eduardo Valenzuela as Solgold study manager

The board of directors is also pleased to announce the appointment of Mr. Valenzuela as Solgold study manager. Mr. Valenzuela's initial priority will be to deliver on the various study elements for the development of the company's Alpala deposit in northern Ecuador.

Mr. Valenzuela is a mining engineer with an honours degree in mining engineering from the University of Chile and master of business (international management) from Curtin University in Washington and extensive mining industry experience in Australia, Latin America, the United States, the Middle East and Asia, working with top-tier and junior mining companies and consulting organizations including BHP Minerals, Western Collieries, Anaconda Nickel, IFC (World Bank), BHP Engineering, SKM, Hatch and Amec Foster Wheeler, among others.

Mr. Valenzuela's background includes:

  • Extensive project management and mine operations experience across a wide range of mining projects and commodities including copper, gold, silver, zinc, nickel, iron ore, lithium, coal and industrial minerals;
  • Extensive multidisciplinary feasibility study management experience covering geology, mine planning, ore processing, materials handling and infrastructure, involving a variety of mining projects in Australia and overseas;
  • Strategic planning, business development and mine consulting experience covering most technical and operational aspects of mining and project improvement;
  • Experience in project financing with the International Finance Corp. (World Bank) both as staff member based in Washington, D.C., and subsequently as a consultant providing advice to the IFC on mine project financing primarily in the Asia Pacific and Latin America regions;
  • Corporate experience including roles such as technical director, vice-president of business development, non-executive director and non-executive chairman with Australian Stock Exchange-listed companies;
  • Experience in the sourcing, evaluation and acquisition of mine exploration projects in Latin America and Australia;
  • A wide network of mining industry and project financing contacts in Australia, Latin America and the United States.

Commenting on the appointments executive director Nick Mather said: "Solgold is fortunate to benefit from the appointment of Messrs. Clare and Valenzuela. We are committed to the high standard of rigour that both James Clare and Eduardo Valenzuela will bring to Solgold's efforts at both corporate and project levels to achieve world-class outcomes for its shareholders."

Solgold is a dual London Stock Exchange and TSX-listed (SOLG on both exchanges) copper-gold exploration and future development company with assets in Ecuador, Solomon Islands and Australia, based in Brisbane, Australia.

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