Gossan Welcomes New Management
Gossan Welcomes New Management
Winnipeg, Manitoba--(Newsfile Corp. - March 1, 2021) -
Gossan Resources Limited
(TSXV: GSS)
(FSE: GSR) (Xetra: GSR) (the "
Company
") has strengthened and built out its
management team with
the addition of:
Samuel Pelaez, MFin, CFA, who has joined the team as President & CEO and a
Director; and George N Mannard, MScA, P.Geo, who also brings a wealth of sage exploration and
governance experience to the Board of Directors.
Samuel Pelaez has dedicated the past decade to financing natural resource projects while serving as
Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at
US Global Investors. Samuel has been an early investor in numerous mining discoveries and has been
an active participant in Canadian mining corporate transactions.
Sam/Samuel graduated from the
Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The
University of Cambridge. He was a scholar of the Financial Leaders of Tomorrow Program at the PBOC
Graduate School at Tsinghua University in Beijing. Samuel is a CFA charter holder and member of the
Toronto CFA Society where he resides.
George Mannard P.Geo is a retired geologist with a stellar exploration record.
George was credited with
the Louvicourt base metal discovery in Val d'Or, Quebec as Senior Project Geologist for Aur Resources
in 1989. He co-founded what is now Wesdome Gold Mines in 1994 with Conrad Hache and Murray
Pollitt where he helped develop the Eagle River, Edwards, Mishi and Kiena gold mines as Vice
President Exploration. This work was highlighted by the discovery of the high-grade Eagle River No. 7
and 300 zones in 2014 and 2015, respectively, and the high-grade Kiena Deep discovery in 2016.
George has over 20 years Board and executive management experience; is financially literate;
maintains Professional Geoscientist status; and is a Fellow of the Society of Economic Geologists. He
graduated from Queen's University (BSc honours, 1982) and McGill University (MScA, 1984). A long
time resident of Val d'Or, Quebec, George now lives in Toronto.
Sam Pelaez commented on his appointment, "I am excited to join Gossan's experienced Board of
Directors and to drill our highly prospective Sturgeon Lake Property. Amidst the finest metals market in
recent in years, I am confident Gossan can deliver significant value to shareholders from its diverse
portfolio of assets."
Jason Libenson, B.Comm, was appointed to Gossan's Advisory Board - Stakeholder Relations, joining
James Campbell, a former Gossan Director, also in stakeholder relations, and
the Technical members,
Jordan Black, P.Eng
and Mitchell Vanderydt, P.Eng, MBA.
Jason Libenson has a strong track record in the financial services sector over the last ten years where
he focused on raising capital for junior mining companies. Jason is currently the president of Plutus
Super Flow-Through LP that helps and supports Canadian junior mining companies raise capital for
exploration projects. Jason holds a Bachelor of Commerce degree from Concordia University and
resides in Toronto.
Douglas Reeson, formerly President, who remains as Board Chair has also been appointed CFO.
Douglas, commented, "These are three significant appointments to take Gossan into a successful future.
Sam, George, and Jason are strong and capable, and like myself are all significant Gossan
shareholders. Gossan would like to thank James Campbell and Robert Suttie for their dedicated and
helpful service to the Company."
The appointment changes in the CEO & CFO Positions will be effective after the Company makes its
Certifications of its 2021-Q3 Financial Filings on SEDAR today.
Five officers and directors were granted a total of 1,547,500 stock options and three advisory board
consultants 440,000 options, all exercisable at $0.10 per share with varying expiry dates of September
22, 2022; March 21, 2023; September 21, 2024; and March 21, 2025. This grant of options was
awarded after the close on February 26, 2021; is in compliance with the terms of the Company's Stock
Option Plan; and remains subject to the acceptance of the TSX Venture Exchange.
Gossan Resources Limited holds mineral exploration and development properties located in Manitoba,
Northwestern Ontario and Newfoundland. The Company's focus is the exploration of its drill-ready
Sturgeon Lake Property, located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone
Belt of Northwestern Ontario. The Company also holds a gold initiative with the Gander Gold Property in
Newfoundland as well as a broadly diversified portfolio of multi-element properties. These properties are
prospective for hosting gold, base metals and platinum group elements, as well as specialty "green-
battery metals", vanadium, titanium, tantalum, lithium and chromium. Gossan also has a deposit of high-
purity, magnesium-rich dolomite, and holds advance and production royalty interests in a high-purity
silica sand deposit. The Company trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra
Exchanges and currently has 46,880,400 common shares outstanding.
For further information, please bookmark
www.gossan.ca
or contact:
Douglas Reeson, Chairman & CFO
Gossan Resources Limited
Tel: (416) 533-9664
E-Mail:
Samuel Pelaez, President & CEO
Gossan Resources Limited
Tel: (202) 677-8513
E-Mail:
Kathy Ringland, Office Manager
Tel : (204) 943-1990
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ("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.
No stock exchange, securities commission or other regulatory authority has approved or disapproved
the information contained herein. This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors
that could cause actual events, results, performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information. Forward looking information in this
news release includes, but is not limited to, uncertainty over the outcome of any litigious matters, the
Company's objectives, goals or future plans, statements regarding exploration results and exploration
plans. Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to, capital and operating costs varying significantly from estimates, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, uncertainties relating to the availability and costs
of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices,
delays in the development of projects and the other risks involved in the mineral exploration and
development industry, and those risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/75724