Algold Appoints Benoit La Salle as Chief Executive Officer
March 21 2018 - 10:05AM
MONTREAL, March 21, 2018 (GLOBE
NEWSWIRE) -- ALGOLD RESOURCES
LTD. (TSX-V:ALG) ("Algold" or
the "Corporation") is pleased to announce the appointment
of Benoit La Salle as Chief Executive Officer. Mr. La Salle will
continue to serve as Chairman of the Board of Algold, a position
that he has occupied since early 2013.
Mr. La Salle, FCPA, FCA, has over
20 years of experience in the development and operation of mining
projects in West Africa. In 1995, he founded Canadian-based SEMAFO
Inc., which grew from a junior explorer to a +250,000
ounce-per-year gold producer in West Africa. Mr. La Salle has been,
and remains, a key stakeholder, an investor, a chairman, a board
member or an executive of many public and private sector companies,
primarily in the mining, energy and clean tech sectors where he has
been a strong proponent of transformational change and shareholder
value creation. Mr. La Salle has also given back through his
involvement in several large NGOs in Canada and Africa.
Concurrent with the above
organizational change, Mr. Francois Auclair, M.Sc, FGAC, PGeo,
formerly the CEO, will assume the key role of Executive
Vice-President, Exploration, focusing on the successful execution
and continued development of the Algold Tijirit Gold Project in
Mauritania. Mr. Auclair will also lead the exploration team in the
identification of prospective new gold projects in West Africa. Mr.
Auclair has an extensive and successful track record of gold
discovery and project growth in Africa, and has been responsible
for the identification and/or development of a number of gold mines
in Africa and internationally.
As part of its regular ongoing
2017 annual compensation program, the Corporation has granted
821,429 deferred share units ("DSUs") to three officers of the
"Corporation", one of whom is also a director, in respect to their
2017 compensation, at a price of $0.14 each. These issuances were
made under the Corporation's DSU Plan.
ABOUT
ALGOLD
Algold Resources Ltd is focused on the exploration and development
of gold deposits in West Africa. The board of directors and
management team are seasoned resource industry professionals with
extensive experience in the exploration and development of
world-class gold projects in Africa.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
For further information, please
contact:
Algold
Resources Limited.
1320, Graham Blvd.,
Suite 132, Town of Mont-Royal, Quebec, H3P
3C8, www.algold.com
Benoit La Salle, FCPA, FCA |
Alex Ball |
Chief
Executive Officer |
Executive VP, Finance & Corporate Development |
Email: b.lasalle@algold.com |
Email: a.ball@algold.com |
Tel.:
+1 (514) 951-4411 |
Tel.:
+1 (647) 919-2227 |
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Algold Resources Ltd via Globenewswire
Alamo (NYSE:ALG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alamo (NYSE:ALG)
Historical Stock Chart
From Sep 2023 to Sep 2024