Asanko Gold Proposes Name Change to Galiano Gold, Paul Wright To Become Board Chair
Asanko Gold Proposes Name Change to Galiano Gold,
Paul Wright
To Become Board Chair
VANCOUVER
,
March 10, 2020
/CNW/ -
Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG)
is pleased to announce
that Mr.
Paul N. Wright
will be appointed to the Board of Directors, effective
April 1, 2020
. Following the upcoming annual general meeting of
shareholders (the "AGM"), Mr. Wright is expected to be appointed Chair of the Board of Directors of the Company. Mr.
Colin Steyn
, the current
Chair of the Board previously announced that he would not be seeking re-election at the AGM, scheduled for
April 30, 2020
.
"After a thorough search process that began last year, we are very pleased that Paul has agreed to join our board and to take on the role of non-
executive Chairman following the AGM," said
Gordon Fretwell
, Chair of Asanko's Nominating and Governance Committee. "On behalf of the Board, I
would like to thank
Colin Steyn
for his many years of dedication to Asanko."
In addition, at the upcoming AGM the Company will also be seeking shareholder approval for a name change of the Company from Asanko Gold
Inc., to Galiano Gold Inc. Following shareholder approval, the Company is expected to start trading on
May 1, 2020
under the ticker symbol "GAU"
on both the Toronto Stock Exchange and the New York Stock Exchange American.
"I'm looking forward to having Paul lead the board as we enter into an exciting time for the Company," said
Greg McCunn
, Chief Executive Officer.
"Paul's extensive business and leadership experience will be extremely valuable for
Galiano Gold
as we seek to build a sustainable business capable
of long-term value creation for our stakeholders."
Mr. Wright served as Chief Executive Officer of Eldorado Gold Corporation from
October 1999
to
April 2017
. He joined Eldorado Gold in 1996 as
Vice President, Mining and subsequently as Senior Vice President Operations in
October 1997
. Mr. Wright led the company through a period of
intense activity through which was created a leading international gold company. Exploration discovery and acquisitions enabled
Eldorado
to
successfully develop and operate mines on three continents creating a well valued and respected company. Mr. Wright is a graduate of the
University of Newcastle Upon Tyne with over 40 years of international experience in the development of open and underground mines. He is a
member of the Canadian Institute of Mining and Metallurgy, The Institute of Materials, Minerals and Mining, and is a Chartered Engineer (UK).
About Asanko Gold Inc.
Asanko is focused on building a sustainable business capable of long-term value creation for its stakeholders through organic production growth,
exploration and disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in
Ghana
,
West Africa
which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental
management, social responsibility, and health and safety for its employees and neighbouring communities. For more information, please visit
www.asanko.com
.
Neither Toronto Stock Exchange nor the Investment Industry Regulatory Organization of
Canada
accepts responsibility for the adequacy or
accuracy of this release.
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http://www.prnewswire.com/news-releases/asanko-gold-proposes-name-change-to-galiano-gold--paul-wright-to-become-board-chair-301020101.html
SOURCE
Asanko Gold Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2020/10/c0709.html
%SEDAR: 00015923E
For further information:
Lynette Gould - SVP Investor Relations, Toll-Free (N.America): 1-855-246-7341, Telephone: +1 778 729 0608, Email:
CO: Asanko Gold Inc.
CNW 07:00e 10-MAR-20