TORONTO: September 14, 2020. Galleon Gold Corp. (TSXV: GGO) (the “Company” or “Galleon Gold”) is pleased to announce that Mr. Michael Hobart has joined the Board of Directors.
Mr. Hobart brings a wealth of experience in securities and corporate law specializing in the mining sector, where he represents and advises mining and exploration companies in a variety of transactions. As a partner at Fogler, Rubinoff LLP with over 25 years of experience in the mining industry, Michael has been a trusted advisor to numerous companies in the sector. He has led hundreds of transactions both in Canada and abroad, having developed a strong reputation as a strategic and pragmatic lawyer.
Galleon Gold President and CEO, R. David Russell, comments, “We are very happy to welcome Michael to the Board. His successful career spans a breadth of transactions that we will be able to draw upon as the Company continues to develop its gold portfolio and evaluate new opportunities.”
Concurrent with his appointment, the Company has authorized and approved the grant of 600,000 incentive stock options to Mr. Hobart. The stock options are priced at $0.12, vest immediately and expire on September 14, 2025.
About Galleon Gold
Galleon Gold is a North American exploration and development company. Eric Sprott holds approximately 23% of the Company’s outstanding common shares and is also the Company’s partner on the Neal Gold Project in Idaho. The Company’s flagship project, the West Cache Gold Project, is located 13 km from Timmins, Ontario.
FOR FURTHER INFORMATION:
R. David Russell
Chairman and CEO
T. (416) 644-0066
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important factors that could cause Galleon Gold’s actual results to differmaterially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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