SOMA GOLD Announces Appointment of Terry Krepiakevich to the Board of Directors
SOMA GOLD ANNOUNCES APPOINTMENT OF
TERRY KREPIAKEVICH TO THE BOARD OF
DIRECTORS
VANCOUVER, BC
,
Nov. 14, 2024
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") is pleased to announce the appointment of
Terry
Krepiakevich
, FCPA, FCA, ICD.D, to its Board of Directors, effective immediately. Mr. Krepiakevich
brings a wealth of experience in financial oversight, corporate governance, and strategic leadership
that will significantly strengthen Soma's Board as the Company continues to grow its operations.
Mr. Krepiakevich's extensive career spans over a decade in senior executive and board roles, with
notable experience as Director and Audit Committee Chair for Alexco Resource Corp., a TSX- and
NYSE-listed mining company, where he served from 2009 to 2022. His professional credentials
include being a Fellow of the Chartered Professional Accountants of
British Columbia
and a certified
member of the Institute of Corporate Directors. His expertise in audit, compensation, and
governance for publicly listed companies will provide Soma with invaluable insights into enhancing
shareholder value and reinforcing its corporate governance framework.
Geoff Hampson
, President and CEO of Soma Gold, states, "We are thrilled to welcome Terry to our
Board. His broad experience and financial acumen will be instrumental in supporting our growth
initiatives. As we advance our projects and look at new opportunities, Terry's extensive experience
and contacts in the mining industry will provide management and the Board welcome guidance,
creating tremendous value for Soma and its shareholders."
This appointment is subject to shareholder approval at the Company's Annual General Meeting,
which is scheduled for
December 9, 2024
.
Soma also announces, subject to regulatory approval, the grant of 100,000 stock options to a
director to purchase common shares of the Company in accordance with its Equity Incentive Plan.
The options vest immediately and are issued at an exercise price of
55 cents
per common share.
They expire five years from the date of issuance. Upon completion of this grant, 5,342,000 options
and RSUs will be granted under the plan, representing 5.80% of the company's outstanding shares.
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration.
The Company owns two adjacent mining properties in Antioquia,
Colombia
with a combined milling
capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and
producing. Internally generated funds are being used to finance a regional exploration program.
With a solid commitment to sustainability and community engagement, Soma Gold Corp. is
dedicated to achieving excellence in all aspects of its operations.
The Company also owns an exploration property near Tucuma, Para State,
Brazil
that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Geoff Hampson"
Chief Executive Officer and President
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.
All statements, analysis and other information contained in this press release about anticipated
future events or results constitute forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions. Forward-looking statements
are subject to business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the forward-looking
statements. Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation to update
forward-looking statements even if circumstances or management's estimates or opinions should
change except as required by applicable laws. Investors should not place undue reliance on
forward-looking statements.
SOURCE
Soma Gold Corp.
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For further information:
For further information, please contact Andrea Laird, telephone: +1-604-
259-0302
CO: Soma Gold Corp.
CNW 04:20e 14-NOV-24