Bald Eagle Announces Executive Officer Appointments Bald Eagle Appoints Chris Paul as Chief Executive Officer, Antoine Soucy-Fradette as Vice President of Exploration and Peter Simeon as Chairman of the Board
Bald Eagle Announces Executive Officer
Appointments
Bald Eagle Appoints Chris Paul as Chief Executive Officer,
Antoine Soucy-Fradette
as Vice
President of Exploration and
Peter Simeon
as Chairman of the Board
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES/
TORONTO
,
Jan. 25, 2022
/CNW/ Bald Eagle Gold Corp. ("
Bald Eagle
" or the "
Corporation
")
(TSXV: BIG) (OTCBQ: BADEF) announces the appointment of
Christopher Paul
as Chief Executive
Officer of the Corporation. Mr. Paul holds a B.Sc. in Geology from
Simon Fraser University
and a
Diploma in Mining & Mineral Exploration Technology from the British Columbia Institute of
Technology. He is the Principal and Founder of Ridgeline Exploration Services, a technical services
company which was acquired by Goldspot Discoveries Corp. in 2021. Raymond Harari will step
down as Chief Executive Officer and will continue as President of the Corporation.
In addition,
Antoine Soucy-Fradette
has been appointed as VP Exploration of the Corporation.
Antoine holds a B. Eng. In Geological Engineering from
Laval University
and brings strong precious
metals experience to the Company, with previous success ranging from Greenfields to Brownfields
exploration projects throughout
Quebec
,
Ontario
, the Yukon Territories and
British Columbia
. Antoine
was fundamental in the exploration, development, and advancement of the Bralorne Gold Project in
British Columbia
, with resources of over half a million ounces of gold.
Chris Paul
stated: "I'm very excited to be joining Bald Eagle's management team, alongside
Antoine
Soucy-Fradette
as we look to lead the exploration and development of the Company's newly
acquired Hercules Silver project in
Idaho
. The recent acquisition gives the Company strong leverage
to a rising silver price environment at a time when inflation is forecasted to remain high for the
foreseeable future.
Idaho
was ranked 9
th
in the world in the Fraser Institute's Mining Attractiveness
Index and #1 in the Policy Perception Index. Bald Eagle is uniquely positioned with 100% ownership
in one of the few pure-play silver projects available on the market. The project's strong historic
results and politically favourable location provide a rare opportunity, of which I am very excited to be
a part of."
Furthermore,
Peter Simeon
, a current director of the Company, has been appointed Chairman of the
Board.
The Corporation also announces the grant of 1,700,000 restricted share units ("
RSUs
") to a senior
officer of the Corporation pursuant to the Corporation's restricted share unit plan which was
approved by shareholders on
February 12, 2021
(the "
RSU Plan
"). The RSUs will vest immediately.
Upon vesting, the RSUs entitle the holder to payment in cash or common shares in the capital of the
Corporation, or a combination thereof, in accordance with the RSU Plan.
The Corporation also announces the grant of 1,200,000 incentive stock options ("
Options
") to an
officer of the Corporation pursuant to the Corporation's incentive stock option plan which was
approved by shareholders on
February 12, 2021
(the "
Option Plan
"). Twenty-five per cent (25%) of
the Options will vest in six (6) months and 25% every six (6) months thereafter
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the
Hercules Silver Project, northwest of
Cambridge, Idaho
. The Company's management team brings
extensive and successful international experience with a focus on identifying and acquiring
prospective and under-explored precious metals properties worldwide. The board of directors have
an established track record of creating significant returns for investors and have demonstrated
access to capital to advance the development of assets. From time to time, the Company may also
evaluate the acquisition of other mineral exploration assets and opportunities.
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in
the United States
. Any securities referred to herein have not and will not be registered
under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within
the United States
or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws of an exemption from
such registration is available.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain acts, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this
press release may include, without limitation, the vesting of RSUs and Options and the business and
strategic plans of Bald Eagle.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as
the case may be, to be materially different from those expressed or implied by such forward-looking
information. Although Bald Eagle has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information 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 forward-looking information. Bald Eagle does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
SOURCE
Bald Eagle Gold Corp.
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For further information:
please contact: Raymond D. Harari, President and Director, Telephone:
+507 6675-2221, Email: [email protected], Darren Collins, CFO and Director, Telephone: +1
(786) 633-1756, Email: [email protected]
CO: Bald Eagle Gold Corp.
CNW 09:45e 25-JAN-22