Fremont Gold Appoints New CEO
Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) has appointed Joel Sutherland as its new Chief Executive Officer and director. Sutherland brings over 20 years of capital markets experience, including roles at Merrill Lynch, BMO Capital Markets, and CIBC World Markets. He succeeds Dennis Moore, who will continue as President and director, focusing on advancing Fremont's Armenian copper and gold projects.
Sutherland's compensation package includes annual cash compensation of US$125,000, 600,000 stock options at C$0.095 per share, and 580,000 common shares to be issued over two years, subject to TSXV approval. This leadership change aims to leverage Sutherland's expertise in building Fremont's brand, securing financing, and managing operations, while allowing Moore to concentrate on resource discovery and project development.
Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) ha nominato Joel Sutherland come nuovo Amministratore Delegato e direttore. Sutherland porta con sé oltre 20 anni di esperienza nei mercati dei capitali, avendo ricoperto ruoli presso Merrill Lynch, BMO Capital Markets e CIBC World Markets. Sostituisce Dennis Moore, che continuerà come Presidente e direttore, concentrandosi sullo sviluppo dei progetti di rame e oro in Armenia di Fremont.
Il pacchetto retributivo di Sutherland include un , 600.000 opzioni su azioni a C$0,095 per azione, e 580.000 azioni ordinarie da emettere in due anni, soggetto all'approvazione di TSXV. Questo cambio di leadership mira a valorizzare l'esperienza di Sutherland nella costruzione del brand di Fremont, nella ricerca di finanziamenti e nella gestione delle operazioni, consentendo a Moore di concentrarsi sulla scoperta di risorse e sullo sviluppo dei progetti.
Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) ha designado a Joel Sutherland como su nuevo Director Ejecutivo y director. Sutherland aporta más de 20 años de experiencia en mercados de capitales, incluyendo roles en Merrill Lynch, BMO Capital Markets y CIBC World Markets. Sucede a Dennis Moore, quien continuará como Presidente y director, centrándose en avanzar los proyectos de cobre y oro de Fremont en Armenia.
El paquete de compensación de Sutherland incluye una compensación anual en efectivo de 125,000 USD, 600,000 opciones sobre acciones a C$0.095 por acción y 580,000 acciones ordinarias a emitirse en dos años, sujeto a la aprobación de TSXV. Este cambio de liderazgo tiene como objetivo aprovechar la experiencia de Sutherland en la construcción de la marca de Fremont, asegurar financiamiento y gestionar operaciones, permitiendo a Moore concentrarse en el descubrimiento de recursos y el desarrollo de proyectos.
프리몬트 골드 (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF)가 조엘 서덜랜드를 새로운 최고 경영자(CEO)이자 이사로 임명했습니다. 서덜랜드는 메릴린치, BMO 캐피탈 마켓, CIBC 월드 마켓에서의 역할을 포함하여 20년 이상의 자본 시장 경험을 보유하고 있습니다. 그는 데니스 무어를 대신하게 되며, 데니스 무어는 프리몬트의 아르메니아 구리 및 금 프로젝트의 진행에 집중하기 위해 계속해서 사장 및 이사로 남습니다.
서덜랜드의 보상 패키지에는 연간 현금 보상 125,000 USD, 주당 C$0.095의 600,000주 스톡 옵션, 그리고 2년 동안 발행될 580,000주 보통주가 포함되어 있으며, 이는 TSXV의 승인을 받아야 합니다. 이번 리더십 변화는 서덜랜드의 역량을 활용하여 프리몬트의 브랜드를 구축하고, 자금을 확보하며, 운영 관리를 강화하려는 목적으로 이루어졌으며, 무어가 자원 발견 및 프로젝트 개발에 집중할 수 있도록 합니다.
Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) a nommé Joel Sutherland comme nouveau Directeur Général et directeur. Sutherland bénéficie de plus de 20 ans d'expérience sur les marchés des capitaux, ayant occupé des postes chez Merrill Lynch, BMO Capital Markets et CIBC World Markets. Il succède à Dennis Moore, qui continuera en tant que Président et directeur, en se concentrant sur l'avancement des projets de cuivre et d'or en Arménie de Fremont.
Le package de rémunération de Sutherland comprend une rémunération annuelle en espèces de 125 000 USD, 600 000 options d'actions à C$0,095 par action, et 580 000 actions ordinaires à émettre sur une période de deux ans, sous réserve de l'approbation de la TSXV. Ce changement de direction vise à tirer parti de l'expertise de Sutherland pour renforcer la marque de Fremont, sécuriser le financement et gérer les opérations, tout en permettant à Moore de se concentrer sur la découverte de ressources et le développement de projets.
Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) hat Joel Sutherland zu seinem neuen Chief Executive Officer und Direktor ernannt. Sutherland bringt über 20 Jahre Erfahrung im Kapitalmarkt mit, darunter Positionen bei Merrill Lynch, BMO Capital Markets und CIBC World Markets. Er tritt die Nachfolge von Dennis Moore an, der weiterhin als Präsident und Direktor tätig sein wird und sich auf die Weiterentwicklung der armenischen Kupfer- und Goldprojekte von Fremont konzentrieren wird.
Sutherlands Vergütungspaket umfasst eine jährliche Barvergütung von 125.000 USD, 600.000 Aktienoptionen zu einem Preis von C$0,095 pro Aktie und 580.000 Stammaktien, die über einen Zeitraum von zwei Jahren ausgegeben werden, vorbehaltlich der Genehmigung durch die TSXV. Diese Führungsänderung zielt darauf ab, Sutherlands Fachwissen zur Stärkung der Marke Fremont, zur Sicherstellung von Finanzierungen und zur Betriebsführung zu nutzen, während Moore sich auf die Ressourcenerkundung und Projektentwicklung konzentrieren kann.
- Appointment of Joel Sutherland as CEO brings 20+ years of capital markets experience
- Dennis Moore remains as President, focusing on project advancement and new opportunities
- Complementary skillsets between new CEO and President may enhance company growth
- Fremont has a portfolio of promising copper and gold projects in Armenia
- Leadership change may lead to temporary operational adjustments
- Issuance of new shares and options may result in dilution for existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - Fremont Gold Ltd. (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) ("Fremont" or the "Company") is pleased to announce that Joel Sutherland has been appointed the new Chief Executive Officer of Fremont and a director of the Company.
Mr. Sutherland brings over 20 years of extensive experience in capital markets, having excelled as an Equity Research Analyst and in Institutional Sales at prominent firms including Merrill Lynch in Toronto and New York City, BMO Capital Markets, and CIBC World Markets. He has been recognized for his outstanding performance, notably being ranked as the top salesperson for Canadian equities across multiple Boston-based accounts over several years. In recent years, Mr. Sutherland has also played pivotal roles in corporate development and communications for various companies, with a focus on leading successful financing initiatives.
A Chartered Financial Analyst and a member of the Chartered Professional Accountants of Ontario, Mr. Sutherland holds a Bachelor's degree in Finance from Queen's University (1994) and completed a Commerce program with an accounting specialization at McGill University (1995).
Mr. Sutherland succeeds Dennis Moore as CEO, who will continue as President and a director of Fremont. Mr. Moore will concentrate on advancing Fremont's promising portfolio of Armenian copper and gold projects, identifying new business opportunities, and supporting ongoing marketing efforts.
Mr. Moore commented, "As a founder of Fremont and its largest shareholder, I have full confidence in Joel's ability to lead the Company. His extensive capital market experience and management skills are exactly what Fremont needs to reach the next level. As CEO, Joel will focus on building Fremont's brand among key stakeholders, securing the necessary financing for exploration success, and managing the Company's daily operations. This will allow me to dedicate more time to resource discovery, project development, and identifying new business opportunities. Joel's expertise is a perfect complement to my own skills as a mine finder."
Mr. Sutherland added, "Dennis has assembled a portfolio with tremendous potential for creating shareholder value. Having worked with Fremont for over a year as an advisor on corporate markets and finance matters, I am thrilled to officially join the team. With a portfolio of prospective tier-one copper and gold projects in one of the world's most promising mineral belts, combined with a highly skilled team of local geologists, technicians, and legal advisors, as well as strong community support in Armenia, the Company is well-positioned to achieve its goals. I look forward to collaborating closely with Dennis and the Fremont team to unlock the significant shareholder value embedded within our asset portfolio."
As part of Mr. Sutherland's compensation package, he will receive annual cash compensation of US
About Fremont Gold Ltd.
Fremont's management team has assembled a portfolio of high-quality copper-gold projects within the central Tethyan Belt of Armenia, with the intention of making tier one size discoveries. The Company's portfolio includes the Vardenis copper-gold property in central Armenia and the Urasar District gold project in northern Armenia. Fremont continues to evaluate additional opportunities within this highly prospective mineral belt.
On behalf of the Board of Directors,
"Dennis Moore"
President
Telephone: 351-9250-62196
Email: dennis@fremontgold.net
www.fremontgold.net
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.
Cautionary Note Regarding Forward- Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding advancing the Company's existing projects, identifying new business opportunities, securing additional financings, intention of making tier one size discoveries and the proposed share issuances to Joel Sutherland. Important factors could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220650
FAQ
Who is the new CEO of Fremont Gold (FRERF)?
What is Joel Sutherland's background and experience?
What is Dennis Moore's new role at Fremont Gold (FRERF)?
What compensation package will Joel Sutherland receive as CEO of Fremont Gold (FRERF)?
