- Veteran gold exploration executive with over 35 years of
experience appointed to Kobo’s Board of Directors
- Mr. Edward Gosselin, Chief Executive Officer, and Mr. Paul
Sarjeant, President and Chief Operating Officer to attend PDAC 2024
exhibiting at booth 3235
Kobo Resources Inc. ("Kobo” or the "Company")
(TSX.V: KRI) today announces the appointment of Mr. Brian
Scott to its Board of Directors (the “Board”) and the
resignation of Mr. Charles Spector.
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the full release here:
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Kobo Resources Strengthens its Board of
Directors with the Appointment of Brian Scott: Former VP of Geology
& Technical Services at B2Gold Corp. (Photo: Business Wire)
Frank Ricciuti, Chairman of Kobo commented: “As Kobo begins a
phase of growth with its exploration program in 2024, particularly
the 5,000-metre diamond drill program planned for Q1 2024, the
addition of Brian to Kobo's Board of Directors promises to greatly
benefit the Company, its employees and shareholders. Brian has
gathered extensive exploration and resource estimation modelling
experience during his distinguished mining career spanning over 35
years. During this time, his expertise was instrumental in the
success of various large-cap gold companies such as B2Gold Corp.
and Bema Gold Corp. (acquired by Kinross Gold in 2006), which will
complement the Company’s efforts to move its 100%-owned Kossou Gold
Project forward.”
He continued: “On behalf of the entire Board and management, I
would like to thank Charles for his many contributions during his
tenure at Kobo. Charles was instrumental in helping the Company
achieve its going public transaction and made the process as
seamless as possible. Charles will remain as an advisor to the
Board and we wish him continued success with his law practice in
the future.”
“The Kossou Gold Project has shown to date significant promise,
and I am confident that my experience in advancing similar gold
projects will serve the Board well in developing Kobo into a
producing gold company in the future,” commented Scott. “I am
delighted to join Kobo's Board of Directors and look forward to
supporting the Company in the years to come.”
Brian Scott is a geologist with over 35 years of exploration and
mine development experience across a wide variety of deposit types
and political jurisdictions throughout the world. His experience
encompasses a wide range of deposit types from high Andes
porphyries (Cerro Casale and Refugio) to orogenic gold deposits
(Venezuela, Canada, Finland, West Africa, Namibia, Uruguay, and
South Africa) and epithermal deposits (Russia, Philippines, Central
America). During his 30-year career with Bema Gold Corp. (acquired
by Kinross Gold) and B2Gold Corp., he engaged in all phases of
exploration, development, and mining within the Bema Gold
Corp./B2Gold Corp. portfolio of properties. During this period, his
responsibilities included providing geological guidance on
exploration programs. He also managed B2Gold Corp.'s Technical
Services Group and oversaw its in-house Technical Services Team's
geologic and resource estimation models. Mr. Scott retired from
B2Gold Corp. at the end of 2023 where he served as VP Geology and
Technical Services from 2015 to 2023. Prior to that, Mr. Scott was
Chief Geologist for B2Gold Corp. from 2007 to 2014 and Chief
Geologist for Bema Gold Corp. from 1996 to 2007. Mr. Scott holds a
Bachelor of Science (Honours) degree in Geology from Lakehead
University in Ontario.
Kobo Resources to Exhibit at PDAC 2024
The Company announces that it will be exhibiting at the annual
2024 Prospectors & Development Association of Canada
(“PDAC”) convention at the Metro Toronto Convention Centre
(MTCC). The Company invites interested PDAC attendees to visit its
booth #3235 in the Investors Exchange, South Building during the
in-person event from Sunday, March 3 to Wednesday, March 6,
2024.
Management will provide details of its exploration program at
its 100%-owned Kossou Gold Project in 2023, following an initial
phase of drilling and ongoing trenching activities that have
yielded significant gold results across three distinct targets.
Further, the Company will provide an overview of its exploration
plans in the year ahead, beginning with a fully funded 5,000 m
drilling program in Q1 2024.
PDAC is the world’s premier mineral exploration & mining
convention and brings together professionals, governments,
companies and organizations from around the world to explore the
latest advancements in the mining industry through a wide range of
programming, courses, and networking events.
Investors interested in attending the PDAC can register
here:www.pdac.ca/convention/attend/registration. Kobo invites
attendees to visit its booth where they will have the opportunity
to engage directly with the Company's management team and learn
more about Kobo’s recent exploration efforts and upcoming
plans.
Other Corporate Matters
On December 1, 2023, the Company merged with its subsidiary Boko
Resources Inc. in order to simplify its corporate structure,
reporting obligations and reduce general and administrative
costs.
Furthermore, effective in 2023, the Company changed its
financial year-end from December 31 to March 31, 2024, to align the
Company’s year-end with that of its operating subsidiary and to
facilitate financial reporting and the preparation of corporate tax
returns. The change in year-end resulted in the Company filing a
one-time, fifteen-month transition year covering the period of
January 1, 2023 to March 31, 2024.
Grant of Options
The Company announces that it has granted 300,000 stock options
(“Options”) to purchase common shares of the Company to Mr. Brian
Scott, following his appointment as director of the Company, and
50,000 stock options (“Options”) to purchase common shares of the
Company to Mr. Carmelo Marrelli, as CFO of the Company, pursuant to
the Company’s 9.5% fixed stock option plan (the “Company’s Stock
Option Plan”). Such Options are exercisable into common shares of
the Company at an exercise price of $0.35 per common share for a
period of 10 years from the date of grant as per the Company’s
Stock Option Plan. These options will vest in equal tranches of
twenty-five per cent (25%) every 3 months following their grant
date.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with
a compelling new gold discovery in Côte d’Ivoire, one of West
Africa’s most prolific and developing gold districts. The Company’s
100%-owned Kossou Gold Project is located approximately 20 km
northwest of the capital city of Yamoussoukro and is directly
adjacent to one of the region’s largest gold mines with established
processing facilities.
The Company is drilling to unlock the potential size and scale
of Kossou within 9+ km strike length of highly prospective gold in
soil geochemical anomalies with excellent rock and trench sampling
results. The Company completed ~6,000 m of RC drilling and ~5,400 m
of trenching in 2023 and is planning on additional drilling and
trenching in 2024. Significant gold mineralisation has been
identified at three main targets within a 300 m wide, 2+ km long,
pervasively altered structural corridor defining a potentially
large mesothermal gold system. Kobo offers investors the exciting
combination of high-quality gold prospects led by an experienced
leadership team with in-country experience.
Kobo’s common shares trade on the TSX Venture Exchange under the
symbol "KRI”. For more information, please visit
www.koboresources.com.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking statements
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; and the delay or failure to receive board,
shareholder or regulatory approvals. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on the forward-looking statements and information
contained in this news release. Except as required by law, Kobo
assumes no obligation and/or liability to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240228892512/en/
For further information, please contact: Edward Gosselin Chief
Executive Officer and Director 1-418-609-3587 ir@kobores.com
X: @KoboResources | LinkedIn: Kobo Resources Inc.
Kobo Resources (TSXV:KRI)
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