Kiboko Gold Appoints Corporate Secretary and Grants Stock Options
Kiboko Gold Appoints Corporate Secretary and Grants Stock Options
KELOWNA, British Columbia--(BUSINESS WIRE)--July 25, 2022--Kiboko Gold Inc. (TSXV:
KIB) (“Kiboko” or the “Company”) is pleased to welcome Jo-Anne Archibald to the
management team as the Company’s Corporate Secretary. Ms. Archibald has replaced Brad
Boland in this capacity, who remains the Company’s Executive Vice-President and Chief
Financial Officer.
Ms. Archibald has more than 30 years of experience working with private and public companies,
specifically in board governance, corporate secretarial services, investor relations, and
marketing. She is also the Chief Executive Officer and founder of Canadian Corporate Board
Advisory Services. Ms. Archibald is a graduate of the Institute of Corporate Directors (ICD.D)
from the Rotman School of Business, a Fellow (FCIS) of the Institute of Chartered Secretaries
and Administrators (ICSA), has a Master of Business Administration (MBA) from Western
University’s Ivey Business School and an Honours Bachelor of Science with Distinction (H.
BSc.) from the University of Guelph.
Stock Option Grant
For the first time in Kiboko’s history, the Company’s Board of Directors has approved the grant
of an aggregate of 3,435,000 incentive stock options (each, an “Option”) to directors, officers,
and consultants of the Company in accordance with the Company’s stock option plan. Each
option is exercisable into one common share in the capital of the Company (each, a “Share”) at a
price of $0.20 per Share for a period of 5 years, and are subject to a two-year vesting scheme
with 1/3 vesting immediately, 1/3 vesting on the first anniversary, and 1/3 vesting on the second
anniversary. The option grant is also subject to the approval of the TSX Venture Exchange. The
Options and any Shares of the Company issuable upon exercise of the Options will be subject to
a statutory hold period lasting four months and one day following the grant date.
About Kiboko Gold Inc.
Kiboko is a Canadian-based gold exploration company focused on advancing its 102 km2
Harricana Project located 55 km north of Val-d’Or, Québec within the world-renowned southern
Abitibi gold belt. Kiboko’s shares trade on the TSX Venture Exchange under the symbol “KIB”.
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 release.
Forward-Looking Statements
This news release includes certain “forward-looking statements” which are not comprised of
historical facts. Forward-looking statements include estimates and statements that describe the
Company’s future plans, objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to the
Company, the Company provides no assurance that actual results will meet management’s
expectations. Risks, uncertainties and other factors involved with forward-looking information
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: the Company’s
objectives, goals or future plans, statements, the completion of the Option; the transfer of Tres-
Or’s title, interest, and rights in the Harricana Project to the Company and the expected timing to
complete the transfer; and the timing of the commencement of operations and estimates of
market conditions. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to failure to identify mineral resources, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks, inability to fulfill the
duty to accommodate First Nations and other Indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes in equity markets, inflation,
changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, an inability to predict and
counteract the effects of COVID-19 on the business of the Company, including but not limited to
the effects of COVID-19 on the price of commodities, capital market conditions, restriction on
labour and travel and supply chains, 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful, including any of the securities in the United States of America. The
securities have not been and will not be registered under the United States Securities Act of
1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold
within the United States or to, or for account or benefit of, U.S. Persons (as defined in
Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state
securities laws, or an exemption from such registration requirements is available.
Contacts
Jeremy Link
President and CEO
+1 (778) 381-5949 x 1
Brad Boland
Executive Vice-President and CFO
+1 (778) 381-5949 x 2