Bald Eagle Appoints Luis da Silva as Chairman of the Board
Bald Eagle Appoints Luis da Silva as
Chairman of the Board
TORONTO
,
May 16, 2022
/CNW/ -
Bald Eagle Gold Corp.
("
Bald Eagle
" or the "
Company
")
(TSXV: BIG) (OTCBQ: BADEF) (FSE: 6W0) is pleased to announce the appointment of
Luis da
Silva
as Chairman of the Board of Directors. Mr. da Silva replaces
Peter Simeon
who will remain a
director in the Company.
Luis Cabrita da Silva
, 51, is an experienced metals and mining executive and director having served
as CEO of listed companies and at a senior level in multinationals. Mr. da Silva has a proven track
record in value creation for shareholders by forging relationships and managing complex entities with
large, international joint venture partners. Between 2007 and 2013, Mr. da Silva presided over the
restructuring of Mano River Resources Inc resulting in the formation of Aureus Mining Inc
(TSXV/AIM, gold producer), Afferro Mining Inc (TSXV/AIM, iron ore) and Stellar Diamonds Ltd (now
Newfield Resources, ASX). Mr. da Silva served on the Board of all three companies and was
instrumental in strategy development and multiple financings. Between 2014 and 2018, Mr. da Silva
was President and CEO of GB Minerals Ltd (TSXV, phosphate) until its acquisition by Castlelake,
L.P./Itafos. Through 2018 to 2021, Mr. da Silva co-founded Ambercon International Holdings, a
private resources company. During that period, Andean Precious Metals Corp (silver producer,
TSXV) was listed and Mr da Silva was President and CEO until
September 2021
. He is a graduate
Mining Engineer from the Camborne School of Mines and received his M.B.A. from the Cranfield
School of Management.
"I am delighted to welcome Luis as Chairman of our Board," commented
Chris Paul
, Chief Executive
Officer of Bald Eagle. "Mr. da Silva is a seasoned mining engineer, with a strong capital markets
background and a track record of advancing major exploration and development companies and will
add tremendous value to our organization."
Mr. da Silva commented: "Having spent recent months familiarising myself with the team and the
Hercules project, I am delighted to be involved with the Company and assist in its growth and
development. The opportunity to use the historical platform is tangible. Combined with a new
capital injection to commence drilling, we look forward to updating shareholders as we redefine
Hercules."
Stock Options
Bald Eagle also announces that it has granted 3,500,000 incentive stock options (the
"Options"
) to
Luis da silva, with an effective date of
May 1, 2022
. These Options will vest in three tranches over
12 months and will allow the purchase of common shares in the Company at a price of
$0.09
per
share, for a period of up to five (5) years from the effective date.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a 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.
Or visit our website:
www.baldeaglegold.com
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 or an exemption from
such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information"
with respect to the Company within the meaning of applicable securities laws. Such forward-
looking information involves known and unknown risks, uncertainties and other factors that may
cause the Company's actual results, performance or achievements, or developments in the
industry to differ materially from the anticipated results, performance or achievements expressed
or implied by such forward-looking information. Forward-looking information includes statements
that are not historical facts and are generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar
expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is
reasonable based on information available on the date hereof, by its nature, forward-looking
information involves assumptions and known and unknown risks, uncertainties and other factors
which may cause our actual results, level of activity, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions,
risks and uncertainties associated with general economic conditions; the Covid-19 pandemic;
adverse industry events; the receipt of required regulatory approvals and the timing of such
approvals; that the Company maintains good relationships with the communities in which it
operates or proposes to operate; future legislative and regulatory developments in the mining
sector; the Company's ability to access sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favorable terms; mining industry and markets in
Canada
and generally; the ability of the Company to implement its business strategies; competition; the risk
that any of the assumptions prove not to be valid or reliable, which could result in delays, or
cessation in planned work; risks associated with the interpretation of data, the geology, grade and
continuity of mineral deposits; the possibility that results will not be consistent with the Company's
expectations; as well as other assumptions, risks and uncertainties applicable to mineral
exploration and development activities and to the Company, including as set forth in the
Company's public disclosure documents filed on the SEDAR website at
www.sedar.com
.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF BALD EAGLE AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BALD
EAGLE MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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 press release.
SOURCE
Bald Eagle Gold Corp.
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For further information:
Please contact: Chris Paul, CEO & Director, Telephone (250) 717-3151,
Email: [email protected], Raymond D. Harari, President & Director, Telephone +(507)
6675-2221, Email: [email protected]
CO: Bald Eagle Gold Corp.
CNW 08:06e 16-MAY-22