Sailfish Announces Board and Management Changes TORTOLA, British Virgin Islands ,
Sailfish Announces Board and Management
Changes
TORTOLA,
British Virgin Islands
,
Sept. 12, 2022
/CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX:
SROYF) (the "
Company
" or "
Sailfish
") is pleased to announce the appointment of Paolo Lostritto as Chief
Executive Officer and Director of the Company.
Mr. Lostritto joined Sailfish in
March 2021
as Vice President of Corporate Development. Prior to this, Mr.
Lostritto also helped grow the Company as a banker, including assisting with the Company's purchase of the
royalty held on the Tocantinzinho gold project located in northern
Brazil
in 2017.
Paolo Lostritto
states that, "I am honoured to be leading Sailfish and working closely with the existing team who
have made great strides to get the Company to where it is today. Sailfish has a solid balance sheet, is generating
cash flow, is paying dividends and has potential for significant upside through royalty interests on the
Spring
Valley
gold project in in
Pershing County, Nevada
. In addition, we have tremendous support from the Company's
controlling shareholder, which we believe will be useful in navigating the upcoming consolidation phase expected
in the precious metals royalty sector."
Mr. Lostritto has been selected to replace
Cesar Gonzalez
, who has stepped down from his role as Chief
Executive Officer and Director of the Company to focus on his role as Executive Chairman of Bonterra Resources
Inc. Mr. Gonzalez will continue to assist and provide strategic advice to the Company as a consultant.
Mr. Gonzalez co-founded Sailfish in 2014 with
Akiba Leisman
, Executive Chairman of the Company. Mr. Gonzalez
became the CEO in
October 2020
and has played an integral role in growing the Company from a private
subsidiary of a predecessor of Mako Mining Corp., into a publicly traded precious metals royalty company with
cash flow and paying a dividend. The Company thanks Mr. Gonzalez for his service as CEO and Director and is
pleased that he will continue to provide strategic advice to the Company as a consultant.
Cesar Gonzalez
states that, "it is exciting to see Sailfish continue to mature as a public company with the
appointment of Paolo as a dedicated CEO. I look forward to working with Paolo and the rest of the Sailfish team
as a consultant to continue growing the Company."
Paolo Lostritto
Bio
Mr. Lostritto has an extensive background in mining capital markets and working with companies across the
globe since 1997. Paolo has helped assess different companies/projects and helped finance them as they
advanced through exploration, development, and production. Some of the companies where Paolo was involved
early include:
Kirkland Lake Gold
, Novagold and Lake Shore Gold in 2004; Romarco Minerals in 2006;
Victoria
Gold
and Volta Resources in 2009.
Mr. Lostritto is currently serving as the Chairman of Signature Resources Ltd., which is focused on high grade
gold exploration in
Ontario
. Over his career, Mr. Lostritto was a Director of the Mining Equity Research at
National Bank Financial and worked in equity research at Wellington West, Scotia Capital and TD Securities. He
served as an Independent Director at Savary Gold Corp. which was sold to SEMAFO in 2019.
Mr. Lostritto holds a Bachelor of Applied Science in Geological and Mineral Engineering in Rock Mechanics from
the
University of Toronto
and he is a registered Professional Engineer in the Province of
Ontario
.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two main assets in the
Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on
the rest of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua
; and an up to 3% NSR on the
Spring Valley
gold project in
Pershing County, Nevada
.
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol
"SROYF". Please visit the Company's website at
www.sailfishroyalty.com
for additional information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/sailfish-announces-board-and-management-changes-301621726.html
SOURCE
Sailfish Royalty Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2022/12/c6312.html
%SEDAR: 00044073E
For further information:
Paolo Lostritto, CEO, tel. 416-602-2645 or Akiba Leisman, Executive Chairman, tel.
917-558-5289
CO: Sailfish Royalty Corp.
CNW 06:30e 12-SEP-22