VANCOUVER, Jan. 16, 2019 /CNW/ - Medgold Resources Corp.
(TSX-V: MED) is pleased to announce that Mr. Jeremy Crozier has been appointed Acting
President of the Company effective immediately. Mr. Crozier
brings many years of technical and commercial experience in the
resource industry, and will succeed Dan
James who is stepping down as President and a
director.
Simon Ridgway, Chairman and CEO
of Medgold, commented: "On behalf of the Board, I would like to
welcome Jeremy to the team. Jeremy holds BSc and MSc degrees
in geology and has over 20 years of exploration and commercial
experience gained across a variety of project operations in
Europe, North America and Africa. He has
extensive experience in the management of complex mineral projects
in remote environments, in discovery and resource definition, in
the identification and appraisal of M&A opportunities, in
capital raising, and in the negotiation of transactions with
property vendors and joint venture partners. I would like to
take this opportunity to thank Dan
James for his services over the past six years as Medgold's
President."
The Company also announces that it has cancelled 300,000
outstanding incentive stock options, and granted new stock options
to personnel of the Company to purchase up to an aggregate of
2,000,000 common shares exercisable for up to 10 years at a price
of $0.15 per share.
About Medgold Resources Corp.
Medgold is a Serbia-focused, TSX-V listed, project generator
company targeting early-stage gold properties in the Oligo-Miocene
Belt of Serbia. Run by an experienced management team with a
successful track-record of building value in resource companies,
Medgold is aiming to become a leading European gold exploration
company.
Additional information on Medgold can be found on the
Company's website at www.medgoldresources.com and by
reviewing the Company's page on SEDAR at
www.sedar.com.
ON BEHALF OF THE BOARD
Simon Ridgway, Chief Executive
Officer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements
Certain statements contained in this news release constitute
forward-looking statements within the meaning of Canadian
securities legislation. All statements included herein, other
than statements of historical fact, are forward-looking statements
and include, without limitation, statements about the Company's
business goals. Often, but not always, these forward looking
statements can be identified by the use of words such as
"estimate", "estimates", "estimated", "potential", "open",
"future", "assumed", "projected", "used", "detailed", "has been",
"gain", "upgraded", "offset", "limited", "contained", "reflecting",
"containing", "remaining", "to be", "periodically", or statements
that events, "could" or "should" occur or be achieved and similar
expressions, including negative variations.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any results, performance or achievements expressed
or implied by forward-looking statements. Such uncertainties
and factors include, among others, the Company's business goals;
changes in general economic conditions and financial markets; the
Company or any joint venture partner not having the financial
ability to meet its exploration and development goals; risks
associated with the results of exploration and development
activities, estimation of mineral resources and the geology, grade
and continuity of mineral deposits; unanticipated costs and
expenses; and such other risks detailed from time to time in the
Company's quarterly and annual filings with securities regulators
and available under the Company's profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated,
estimated or intended.
Forward-looking statements contained herein are based on the
assumptions, beliefs, expectations and opinions of management,
including but not limited to: that the Company's stated goals and
planned exploration and development activities will be achieved;
that there will be no material adverse change affecting the Company
or its properties; and such other assumptions as set out
herein. Forward-looking statements are made as of the date
hereof and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
law. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, investors should not place undue
reliance on forward-looking statements.
SOURCE Medgold Resources Corp.
