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Vancouver, British Columbia–(Newsfile Corp. – January 15, 2024) – Great Eagle Gold Corp. (CSE: GEGC) (“Great Eagle” or the “Company”) is pleased to announce adjustments to control and in the Board of Directors, current financing terms and provision of an ownership update.
Management Changes
Andrew Fletcher has been appointed President and a Director of the Company, succeeding Carlos Andres Hernandez Nuñez. Martin Bajic assumes the role of Chief Financial Officer following Nizar Bharmal’s resignation. Bill Macdonald, Yari Nieken, and Alberta Vasquez Rodriguez have resigned as Directors. Patricia I. Kovacevic, Esq. and Larry Segerstrom, CPG, have joined the Board of Directors. Chris Hansen has stepped down as Chief Executive Officer but will continue as the non-executive Chairman of the Board.
Andrew Fletcher, a seasoned entrepreneur with more than two decades of experience, has generated more than $100 million in online sales through self-funded businesses. He co-founded Niwali, an incorporated online fitness and good looks company, in Bogota, Colombia in 2010. and created Ad Bullion, a successful network of trafficking and associates. In 2014, he co-founded Mi Aguila, a technology-driven enterprise transportation company, where he served as Chief Operating Officer for 18 months starting in 2016. During his tenure, he led the company’s expansion. Following the Covid-19 pandemic, Andrew was concerned with the creation of the group’s Katapult Commerce in 2021, offering software progression and incubating new ventures through Katapult Technologies. His stopover at artisanal gold mines in Chocó, Colombia, in 2019 encouraged him to lead the status quo of social and environmental criteria in the gold industry.
Martin Bajic, an accounting graduate from UBC, is a chartered professional accountant in British Columbia. With over ten years of experience, he has served as a director, chief financial officer or representative of public corporations on the TSX Venture Exchange. or the CSE, specialized in resources and technology. His experience in monetary control and regulatory compliance is essential for the Company. He most recently serves as Chief Financial Officer of Summa Silver Corp. and Eminent Gold Corp. , and in the past served as Chief Financial Officer at Vizsla Silver. , Tarachi Gold and Standard Uranium.
Patricia I. Kovacevic, Esq, a global legal and compliance specialist in FDA-regulated industries, owns RegulatoryStrategy. With two decades of experience, he has held legal and regulatory leadership positions at Philip Morris International, Lorillard and Nicopure Labs. Lorillard, Patricia led the team that received the first premarket authorization of a tobacco product from the FDA in 2013. He also played a key role in the acquisitions of blu™️ and Skycig and led litigation opposing the FDA’s “consideration rule” in Nicopure. Formerly the wife of Patton Boggs, her experience spans global nicotine and hashish regulation, compliance, mergers and acquisitions, and facets of corporate affairs. Patricia has served on the board of directors of the Vapor Technology Association, the advisory board of Global Tobacco
Larry Segerstrom, CPG, identified through the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) as a “Qualified or Competent Person” for resource reporting under National Instrument (NI) 43-101, is a representative and director of junior mineral exploration companies. . in North America and Sud. Su extensive experience comes with exploring, generating, evaluating, and progressing assignments in a variety of geologic environments. Larry’s notable accomplishments come from leading the Paramount Gold and Silver Corp. team in the discovery of new inferred minerals. resources in the San Miguel allocation in Mexico, which is now a component of Coeur’s Palmarejo mine. He also played a vital role in the progress of new ore reserves in the Grasberg mining district, Freeport-McMoRan, Indonesia. His experience in NI 43-101 reports, the popular gold for certification, further underscores his mastery of the mining sector.
Private Placement Financing
The Company intends to aggregate a consistent, non-intermediary personal placement to earn gross proceeds of up to $1,500,000 (the “Financing”). This is expected to include up to 5,000,000 sets (each, a “Unit”) at a constant value of $0. 30. with the Unit, or as otherwise determined by us through the control of Great Eagle in accordance with the regulations of the Canadian Securities Exchange (the “Exchange”). Each Unit will consist of one non-unusual unit consistent with a percentage and one-half of a non-unusual unit consisting of a percentage acquire warranty (each total warranty, a “Warranty”). Each total guarantee may be exercised against a common guarantee with a percentage of Great Eagle at $0. 50 for a constant percentage during the twenty-four months following the completion of the financing. , subject to an over-allotment of up to $500,000 at the Company’s discretion, shall be subject to acceptance through the Exchange, and all securities issued shall be subject to a four-month hold for a period in accordance with applicable securities legislation.
Great Eagle plans to pay finder’s fees of up to 10% in cash and warrants in connection with the Financing. Certain directors, officers, and insiders of Great Eagle may participate in the Financing. Net proceeds are expected to be used for ongoing working capital requirements and mineral exploration expenses.
The securities referenced herein shall not be or shall not be registered under the United States Securities Act of 1933, as amended, and may not be presented or sold in the United States without registration or an applicable exemption from registration requirements.
About Great Eagle Gold Corp.
Great Eagle Gold Corp. (CSE: GEGC), a Canadian public company, intends to be a leading participant in the digital green gold revolution. Their distinctive strategy involves developing certified gold resources for conversion into digital green gold tokens. By keeping the gold secured in the ground and simultaneously tokenizing and monetizing its value, Great Eagle Gold Corp. introduces a groundbreaking method in the gold mining sector that merges traditional mining with the emerging digital finance landscape.
In line with this pioneering strategy, the company needs to use platforms such as OroEX Corp. , which is creating the world’s first inflation-free exchange for green gold deposits. This move towards an ESG-friendly integration of classic gold with virtual currency marks a significant shift in the industry, heralding a new era for gold and virtual assets.
Great Eagle Gold Corp. primarily concentrates on discovering, developing, and certifying gold deposits for tokenization. Their flagship project, in the process of being acquired, is the Hacienda Río Rayo property, a 1,947-hectare fully permitted gold exploration and production site in Tarazá, Antioquia, Colombia. Despite over six years of production, this property has not undergone modern exploration. It lies in Colombia’s most prolific gold-producing region, surrounded by numerous large and mid-size gold producers.
For information, please contact:
Great Eagle Gold Corp. Andrew Fletcher Email: info@greateaglegold. com Website: www. greateaglegold. com
Neither the Canadian Securities Exchange (the “CSE”) nor the market regulator (as that term appears in the CSE’s policies) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Great Eagle’s operations, Property exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Financing, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “projects”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or “variations of such words and phrases or state that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Great Eagle to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Great Eagle’s projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Great Eagle’s required securities filings on SEDAR. Although Great Eagle has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
Forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any objectives and assumes no legal responsibility to update or revise any forward-looking statements, whether as a result of new information, long-term events or otherwise, as required by law. Applicable securities law requires this. In addition, the Company assumes no legal responsibility to comment on expectations or statements made through third parties in connection with the matters discussed above.
To view the source edition of this press release, https://www. newsfilecorp. com/release/194255