C2C Gold Board of Directors Announces Ms. Jeananne Hauswald, Director

Rhea-AI Summary

C2C Gold Corp. has appointed Jeananne Hauswald to its Board of Directors, effective November 15, 2021. Ms. Hauswald brings over 25 years of experience in investment management and corporate finance. She has held key positions in prominent companies such as Group 11 Technologies and Seagram. The Company granted her 200,000 stock options with an exercise price of $0.28, vesting over two years. Additionally, C2C Gold acknowledges former Director Patricia Wilson's contributions and congratulates Executive Chair Janet Lee-Sheriff for her recognition in the mining sector.

Positive

• Jeananne Hauswald's appointment is expected to bring extensive industry experience and strategic insight.
• The grant of 200,000 stock options at $0.28 per share could align Hauswald's interests with shareholders.

Negative

• Transition may cause a temporary disruption in continuity as a new director takes over for Patricia Wilson.

VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE:CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) is pleased to announce effective November 15^th, Ms. Jeananne Hauswald has joined the Board of Directors for C2C Gold Corp, a gold exploration company focused on projects within the Central Newfoundland Gold Belt.

Jeananne Hauswald, Director
Ms. Hauswald is the Managing Partner of Solo Management Group and has more than 25 years’ experience in the investment management, corporate finance, strategic planning and human resource fields. She presently serves as a Director and Audit Committee member at Group 11 Technologies Inc.  and previously served as a Director of Constellation Brands and Thomas and Betts, Inc., both NYSE-listed companies, and was Chairman of the Audit and Human Resource Committees at each company. She also previously served as Vice President and Treasurer of the Seagram Company.

Prior to joining Seagram, Jeananne spent 15 years at the Celanese Corporation as Assistant Treasurer. Jeananne’s early work experience includes banking at Morgan Guaranty Trust Company and strategic planning at International Paper Company and Shell Oil. Ms. Hauswald received her MBA in finance from New York University and graduated with a BS in Chemistry from Iowa State University.  

In connection with the appointment, the Company has granted 200,000 stock options at an exercise price of $0.28 per share.  Vesting of the stock options will occur over a twenty-four month period, with 25% vesting six months following the date of grant, and an additional 25% vesting every six months thereafter.  The stock options will expire three years from the date of grant.

C2C Gold thanks former Director Patricia Wilson for her service to the Company and wishes her well in her future endeavors.

The Company also congratulates Executive Chair, Janet Lee-Sheriff who was recently featured in Ernst & Youngs’s and Women in Mining Canada’s Leading Women in Mining. To watch the interview please visit: Leading Women in Mining – Video Role Model Series | EY Canada.

About C2C Gold Corp.
C2C is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland, Canada. The Company controls 1,261 km², one of the largest land positions on the Central Newfoundland Gold Belt, including the Badger, Millertown, Barrens Lake, South Tally, and Lake Douglas projects with road access and proximity to communities and power lines. Exploration activity continues across the Company’s land package. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada’s Yukon.

For additional information:
Lori Walton, Chief Executive Officer
(833) 888-2862
info@c2cgold.com
www.c2cgold.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as “expected”, “will be”, “anticipated”, “may” or variations of such words and phrases or statements that certain actions, events or results “will” occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Option; the exercise of the Option; and the completion of the Joint Venture. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

FAQ

What is the significance of Jeananne Hauswald's appointment to C2C Gold Corp.?

Jeananne Hauswald's appointment is significant due to her extensive experience in investment management and corporate finance, which could enhance strategic decision-making at C2C Gold.

How many stock options were granted to Jeananne Hauswald?

C2C Gold Corp. granted Jeananne Hauswald 200,000 stock options with an exercise price of $0.28 per share.

What was the reason for Patricia Wilson's departure from C2C Gold Corp.?

The press release expresses gratitude for Patricia Wilson's service, but does not specify the reasons for her departure.

What is the stock symbol for C2C Gold Corp.?

The stock symbol for C2C Gold Corp. is CTCGF.