Omai Announces Management Transition
2021年7月21日 - 6:31AM
Omai Gold Mines Corp. (TSX VENTURE: OMG) ("Omai" or the "Company")
announces that Mario Stifano has resigned from his roles as
President, Chief Executive Officer and Director, effective
immediately, in order to pursue other opportunities. We are pleased
to announce that Elaine Ellingham, a Director of Omai, has agreed
to step in as interim CEO until a permanent CEO has been identified
and appointed, and a search process has commenced.
Ms. Ellingham is a seasoned mining executive and
veteran geologist (P.Geo.) with over 35 years’ experience in the
mining and exploration business. She has held numerous roles with
junior and major mining companies, from field geologist to
corporate development, and investor relations. Elaine worked for
the Toronto Stock Exchange for 8 years in corporate finance and as
National Leader, Mining. As a consultant since 2005, she has been a
strategic advisor working with numerous international companies and
private equity groups. She has extensive board experience over 14
years. As a director of Richmont Mines Inc., Elaine stepped in as
interim CEO, introducing a new chapter for the gold producer, where
Renaud Adams (Omai’s Chairman) then led the company as CEO through
to the successful near-billion-dollar acquisition by Alamos Gold
Inc. three years later.
Renaud Adams, Chairman of the Board of
Directors, commented: “On behalf of the board and management of
Omai, I sincerely thank Mario, who was instrumental in the
successful listing of Omai on the TSX Venture Exchange and
mobilizing the recently completed, initial 5,000-metre drill
program that has already proven successful in identifying
extensions to the known mineralization at depth below the past
producing Wenot Pit.
“With the recent closing of the upsized
non-brokered private placement, this sets our strong board and
management team in good stead to focus on accelerating exploration
priorities on the Omai gold project. We wish Mario every success as
he takes on his new full-time role as CEO at Galantas Gold
Corporation. I look forward to working with Elaine and welcome her
as interim CEO.”
Elaine Ellingham, interim CEO, commented: “I am
pleased to step in while we complete the search for a new CEO. Omai
is a very exciting and unique project. There are indeed few such
successful past producing gold properties with remaining historical
resources at very attractive grades, located in a mining-friendly
jurisdiction. Omai hosts considerable conspicuous potential, both
for verifying and expanding the historical resources delineated by
IAMGOLD Corporation, while aggressively exploring some of the many
nearby known exploration targets.”
The Company granted 1,000,000 stock options
under the Company’s stock option plan in connection with the
management transition. The options are exercisable for a period
five years at a price of $0.14 and vest 50% on each of the date of
grant and July 30, 2022.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About Omai Gold Mines Corp.
Omai Gold Mines Corp., through its wholly owned
subsidiary Avalon Gold Exploration Inc., holds a 100% interest in
the Omai Prospecting License covering 4,590 acres, that includes
the past producing Omai gold mine. Once South America’s largest
producing gold mine, Omai produced over 3.8 million ounces of gold
between 1992 and 2007. Mining ceased at a time when the average
gold price was less than US$350 per ounce, leaving significant
drilled resources untapped. The Company’s short-term priorities are
to verify and expand the known resources, while advancing
exploration on nearby targets, providing a solid opportunity to
create significant value for all stakeholders.
For further information, please see our website
www.omaigoldmines.com or contact:
Elaine EllinghamInterim CEO and
Directorinfo@omaigoldmines.comelaine@omaigoldmines.com Phone:
+1-416-473-5351
Omai Gold Mines (TSXV:OMG)
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