Allegiant Appoints Gordon Bogden as Chairman of the Board
ALLEGIANT APPOINTS GORDON BOGDEN AS CHAIRMAN OF THE BOARD
Reno, Nevada /November 10, 2021 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF:
OTCQX) today announced that Gordon Bogden will assume the role of Chairman of the Board of Allegiant effective
immediately.
Mr. Bogden is a Senior Advisor and member of the Advisory Board of Origin Merchant Partners and the Founder
and Chairman of Black Loon Group, a private mining investment and financial advisory company. He began his
professional career as an engineer and geophysicist moving on to CIBC World Markets as a mining investment
banker, then to N.M. Rothschild Canada, Newcrest Capital Inc., and National Bank Financial, advising on over $20
billion of M&A and capital markets transactions. Gordon retired from investment banking in 2012 after the
acquisition of Gryphon Partners, where he was a Co-Founder and Managing Partner, by Standard Chartered Bank.
Gordon is a former director of several public mining companies including Royal Gold, Inc., IAMGOLD Corporation,
International Royalty Corporation (acquired by Royal Gold, Inc.), Volta Resources Inc. (acquired by B2Gold Corp.),
Orvana Minerals Corp., Canplats Resources Corp. (acquired by Goldcorp Inc. He is the past Chairman of the Board
of the Canada Mining Innovation Council (“CMIC”) and a member of the Advisory Board of Sapling Financial
Consultants. In 2013, he was awarded the Queen Elizabeth II Diamond Jubilee Medal for his work with Right To
Play where he continues as a member of the Canadian Advisory Board. Mr. Bogden holds a B.Sc. in Applied Science
(Geology) from Queen's University, is a Professional Engineer (Ontario), and earned his professional certification
as a Corporate Director (ICD.D) from the Institute of Corporate Directors.
Peter Gianulis, CEO of Allegiant Gold, commented: “Over the past year, I have had the pleasure of working closely
with Gord on numerous projects at Allegiant Gold. He is the consummate professional who will serve Allegiant
very well as our Chairman as we transition from a project generator to a project developer with Eastside as our
flagship project.”
The Board also approved the granting of 1.1 million restricted stock units (“RSUs”) and 1.8 million stock options to
directors, officers and consultants. The options are exercisable at $0.35 for a period of 5 years and will vest in four
equal parts over 18 months. The RSUs will vest annually over 36 months.
ABOUT ALLEGIANT
Allegiant owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are located in the
mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions
and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is
located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and
sulphide gold mineralization at Eastside is amenable to heap leaching.
ON BEHALF OF THE BOARD
Peter Gianulis
CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1-888-818-1364
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.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning
of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws,
which are referred to collectively as "forward-looking statements". The United States Private Securities Litigation Reform Act
of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold Ltd.’s (“Allegiant”) exploration plans
for its gold exploration properties, the drill program at Allegiant’s Eastside project, the preparation and publication of an
updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant’s future exploration and
development plans, including anticipated costs and timing thereof; Allegiant’s plans for growth through exploration activities,
acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital
requirements. Forward-looking statements are statements and information regarding possible events, conditions or results of
operations that are based upon assumptions about future economic conditions and courses of action. All statements and
information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking
statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”,
“continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar
words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such
forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks,
uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ
materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on
forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual
results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk
Factors” in Allegiant’s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on
SEDAR under Allegiant’s profile at www.sedar.com. Actual results and future events could differ materially from those
anticipated in such statements. Allegiant undertakes no obligation to update or revise any forward-looking statements included
in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required
by applicable law.