NV Gold Receives Strong Support at its Annual General Meeting and Appoints Peter A. Ball as Chief Executive Officer
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Receives Strong Support at its Annual General Meeting and
Appoints Peter A. Ball as Chief Executive Officer
January 27, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “Company”) announces that at the Company’s Annual
General Meeting (“ AGM”) on January 22, 2020, the shareholders voted strongly in
support of all items put forward by the Board of Directors and management. The following
individuals were all re -elected to the Board of Directors: John Watson, Peter A. Ball,
Quinton Hennigh, Odin Christensen, Alfred (“Alf”) Stewart. Shareholders also voted
strongly in support of (i) appointing Davidson & Company LLP, Chartered Accountants,
as auditors of the Company for the ensuing year and authorizing directors to fix their
remuneration; and (ii) approving and ratifying the Company’s Stock Option Plan.
Subsequent to the AGM, the B oard of Directors appointed Peter A. Ball as its President
and CEO . Mr. Ball has been a director of NV Gold since September 29, 2016 and
President and COO since September 20, 2018 . John Watson, NV Gold’s former CEO
and largest shareholder of the Company, will continue in the role of Chairman of the
Board.
“As the largest shareholder, founder and Chairman of NV Gold, I am pleased to see
Mr. Ball transition to the Company’s CEO, after serving on our Board for over three
years and as President since September 2018. We enter 2020 with a strong precious
metals market, a portfolio of quality projects in Nevada, a tight share structure, and
strong support from our shareholders ,” commented John Watson, Chairman of NV
Gold. “Peter’s 25 plus years in the mining industry, energy , passion and dynamic
leadership, along with an extensive career in the capital markets and previous senior
level executive roles wi th multiple resource companies, provi de the strong
combination of skills required for leading NV Gold forward into 2020 .”
The Board would like to thank Mr. Watson for his vision as the founder of NV Gold, since
taking the Company public in 2009. Mr. Watson was key for driving the multiple
acquisitions of its core assets, his strong leadership and maintaining his vested interested
as NV Gold’s largest shareholder.
Peter A. Ball, CEO of NV Gold stated, “First of all, I am pleased that John Watson is
remaining as Chairman of the Company and I look forward to working closely with him to
deliver value for our shareholders and build upon the solid foundation established by our
existing NV Gold team. Our primary focus will be to continue to build shareholder value
by utilizing our globally recognized technical team and Board of Directors , and to
systematically understand and explore our portfolio of quality exploration projects, while
minimizing dilution and maximizing capital on the drill bit to make a discovery . We look
forward to executing our follow -up drill program at our Slumber Gold Project, and to
further evaluate our Sandy Gold Project, which was staked from our inventory of identified
projects from within our data library in Nevada. In addition, we are currently reviewing
the Silver District Project in Arizona, where the Company recently signed a binding Letter
of Intent on January 13, 2020.”
Mr. Ball brings over 25 years of experience as a mining professional at all levels of
leadership. Throughout Mr. Ball’s career, he has held various senior management roles
with international precious metals mining companies in corporate finance, securities
trading, mine engineering, business development, corporate communications, public
relations and marketing functions throughout North and South America, Asia, and
Europe. Mr. Ball began his career in the late 1980s working as a mining engineer, a
technical representative, and in various management and senior executive roles for
numerous companies including Redstar Gold, Columbus Gold, Hudson Bay Mining &
Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp.,
Adriana Resources Inc., and Argentex Mining Corp. Mr. Ball is a graduate of the
Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities
Course and is a member of CIMM.”
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, B ritish Columbia that is
focused on delivering value through mineral discoveries and project advancement.
Leveraging its highly experienced in -house technical knowledge, NV Gold’s geological
team intends to utilize its geological databases, which contains a vast treasury of field
knowledge spanning decades of research and exploration, combined with a portfolio of
mineral properties in Nevada and Arizona, to prioritize key projects for focused exploration
programs. The Company currently has under 47 million shares outstanding, with close to
20% owned by NV Gold’s management team.
On behalf of the Board of Directors,
John E. Watson
Chairman
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Peter A. Ball, President & CEO
Phone: 1 -888-363-9883
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Service 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 or information. All statements other than
statements of historical fact included in this release, including, without limitation, the plans to complete the
Definitive Agreement to Acquire the Silver District Project, complete exploration or development of the and
other future plans and objectives of the Company, including exploration plans , confirming the historical
resource in accordance with the requirements of NI -43-101, are forward -looking statements that involve
various risks and uncertainties. There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements.
Important factors that co uld cause actual results to differ materially from the Company's plans or
expectations include regulatory issues, market prices, availability of capital and financing, general
economic, market or business conditions, timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the Company with securities regulators. The
Company disclaims any intention or obligation to update or revise any forward-looking statements whether
as a result of new i nformation, future events or otherwise except as otherwise required by applicable
securities legislation.