GoldMining Announces Appointment of Warren Gilman To the Board of Directors of Gold Royalty Corp.
GoldMining Announces Appointment of Warren Gilman To the Board of
Directors of Gold Royalty Corp.
VANCOUVER, BC
,
Aug. 13, 2020
/CNW/ -
GoldMining Inc. (the "
Company
" or "
GoldMining
") (TSX: GOLD) (OTCQX: GLDLF)
is pleased to announce that
Warren Gilman
has joined the board of directors of its subsidiary, Gold Royalty Corp. ("Gold Royalty").
David Garofalo
, Chairman and CEO of Gold Royalty Corp., commented: "With his 30 years of experience as a deal maker and investor in the metals and
mining sector, Warren will be an invaluable addition to our team as we advance our newly formed gold royalty business. As the Chairman and CEO of CEF
Holdings Ltd., a global mining investment company owned 50% by CK Hutchison Holdings Ltd. (the flagship public company of Mr.
Li Ka
-shing) and 50% by
Canadian Imperial Bank of Commerce, Warren was instrumental in making a number of substantial and highly successful investments over the last decade. We
are delighted to welcome Warren to Gold Royalty and look forward to working closely with him in achieving our goal to become a leader in the gold sector."
Warren Gilman
commented: "I am pleased to join the board of Gold Royalty and to be working together with
David Garofalo
, CEO of Gold Royalty,
Amir
Adnani
and the GoldMining team. I have known David and Amir for decades and see tremendous resource sector experience and entrepreneurial capacity in
this team. The maiden Gold Royalty Corp portfolio of 14 royalties will be a substantial platform to build out our long-term plans. I look forward to backing Gold
Royalty and this talented team to quickly grow our business into a leader in its field."
Mr. Gilman is the Founder, Chairman and CEO of publicly listed Queen's Road Capital Investment Ltd., a leading financier to the global resource sector. From
2011 to 2019 Warren was the Chairman and CEO of CEF Holdings. Prior to joining CEF, Warren was the Vice Chairman of CIBC World Markets. He was
previously Managing Director and Head of Asia Pacific Region for CIBC for 10 years, where he was responsible for all of CIBC's activities across
Asia
. Warren
is a mining engineer who co-founded CIBC's Global Mining Group. During his 26 years with CIBC he ran the mining teams in
Canada
,
Australia
and
Asia
and
worked in its
Toronto
,
Sydney
,
Perth
,
Shanghai
and
Hong Kong
offices. He has acted as advisor to the largest mining companies in the world, including BHP,
Rio Tinto,
Anglo American
, Noranda,
Falconbridge
, Meridian Gold, China Minmetals, Jinchuan and Zijin, and has been responsible for some of the largest
equity capital markets financings in Canadian mining history.
Warren obtained his B.Sc. in Mining Engineering at Queen's University and his MBA from the Ivey Business School at
Western University
. He is Chairman of
the International Advisory Board of
Western University
and a member of the Dean's Advisory board of
Laurentian University
.
About Gold Royalty Corp.
Gold Royalty Corp., a private wholly-owned subsidiary of GoldMining, is a gold-focused royalty company. Gold Royalty's royalty portfolio is expected to initially
comprise of 0.5% to 2.0% net smelter return ("NSR") royalties on the Company's interest in 14 existing projects with the opportunity to expand the royalty
portfolio through the Company's buy-back rights on existing NSR royalties ranging from 0.5% to 2% held by third-parties on up to 5 of the 14 projects.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined
acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in
Canada
,
U.S.A.
,
Brazil
,
Colombia
and
Peru. Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the
Western Athabasca
Basin of
Alberta, Canada
.
Forward-looking Statements
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and
future events, including expectations and future plans respecting each of GoldMining's and Gold Royalty's, business plans and strategies. Forward-looking
statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which
GoldMining and Gold Royalty, operate. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent
risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses and uncertainties relating
to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information
Form for the year ended
November 30, 2019
, management's discussion and analysis for the three months ended
February 29, 2020
and other filings with
Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to
develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements, except as required by applicable securities law.
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SOURCE
GoldMining Inc.
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For further information:
GoldMining Inc., Amir Adnani, Chairman, Garnet Dawson, CEO, Telephone: (855) 630-1001, Email: [email protected]
CO: GoldMining Inc.
CNW 06:15e 13-AUG-20