Japan Gold Appoints Cailey Barker to Advisory Board
Japan Gold Corp. (JGLDF) has appointed Cailey Barker to its Advisory Board. Barker brings over 30 years of mining and finance experience, most recently serving as Portfolio Manager and Head of Mining at BlackRock Investment Management. He joins existing advisor Paul Harbidge, who has extensive experience in mining exploration and notable achievements including leading GT Gold to a CDN$456 million acquisition by Newmont Mining.
The company granted 300,000 restricted share units to Barker, vesting over two years. Several advisors, including Mitsuhiko Yamada, John Carlile, Robert Gallagher, and Dr. Steve Garwin, have stepped down.
Additionally, Japan Gold has secured a $140,000 loan from a company director, due March 18, 2025, with a 12% annual interest rate. The company will issue 2 million non-transferrable share purchase warrants at $0.07 per share as consideration, subject to TSX Venture Exchange approval.
Japan Gold Corp. (JGLDF) ha nominato Cailey Barker nel suo Consiglio Consultivo. Barker porta con sé oltre 30 anni di esperienza nel settore minerario e finanziario, avendo recentemente ricoperto il ruolo di Portfolio Manager e Responsabile Minerario presso BlackRock Investment Management. Si unisce all'attuale consigliere Paul Harbidge, che vanta una vasta esperienza nell'esplorazione mineraria e importanti traguardi, incluso il ruolo di guida nella vendita di GT Gold a Newmont Mining per 456 milioni di dollari canadesi.
L'azienda ha concesso a Barker 300.000 unità di azioni vincolate, che saranno attribuite nell'arco di due anni. Diversi consiglieri, tra cui Mitsuhiko Yamada, John Carlile, Robert Gallagher e il Dr. Steve Garwin, hanno lasciato il loro incarico.
Inoltre, Japan Gold ha ottenuto un prestito di 140.000 dollari da un direttore aziendale, che scade il 18 marzo 2025, con un tasso d'interesse del 12% annuo. L'azienda emetterà 2 milioni di warrant per l'acquisto di azioni non trasferibili a 0,07 dollari per azione come considerazione, soggetto all'approvazione della TSX Venture Exchange.
Japan Gold Corp. (JGLDF) ha nombrado a Cailey Barker en su Consejo Asesor. Barker trae más de 30 años de experiencia en minería y finanzas, habiendo servido recientemente como Gerente de Cartera y Jefe de Minería en BlackRock Investment Management. Se une al asesor actual Paul Harbidge, quien tiene una amplia experiencia en exploración minera y logros notables, incluyendo liderar la adquisición de GT Gold por 456 millones de dólares canadienses por parte de Newmont Mining.
La compañía otorgó 300,000 unidades de acciones restringidas a Barker, que se consolidarán durante dos años. Varios asesores, incluidos Mitsuhiko Yamada, John Carlile, Robert Gallagher y el Dr. Steve Garwin, han renunciado.
Además, Japan Gold ha asegurado un préstamo de 140,000 dólares de un director de la empresa, con vencimiento el 18 de marzo de 2025, a una tasa de interés anual del 12%. La compañía emitirá 2 millones de garantías de compra de acciones no transferibles a 0,07 dólares por acción como contraprestación, sujeto a la aprobación de la TSX Venture Exchange.
Japan Gold Corp. (JGLDF)는 Cailey Barker를 자문 위원회에 임명했습니다. Barker는 30년 이상의 광업 및 금융 경험을 가지고 있으며, 최근에는 BlackRock Investment Management에서 포트폴리오 관리자 및 광업 책임자로 근무했습니다. 그는 광업 탐사에 대한 폭넓은 경험을 가진 현재 자문인 Paul Harbidge와 함께 사임한 GT Gold를 Newmont Mining에 캐나다 달러 4억 5천 6백만 원에 매각한 중요한 성과를 이뤘습니다.
회사에서는 Barker에게 300,000개의 제한된 주식 유닛을 부여했으며, 이는 2년에 걸쳐 귀속될 예정입니다. Mitsuhiko Yamada, John Carlile, Robert Gallagher, Dr. Steve Garwin 등 여러 자문위원이 사임했습니다.
또한, Japan Gold는 한 회사 이사로부터 140,000달러의 대출을 확보했으며, 이는 2025년 3월 18일에 만료되며, 연 12%의 이자율이 적용됩니다. 회사는 TSX Venture Exchange의 승인을 조건으로 주당 0.07달러에 200만 개의 양도 불가능한 주식 매수 보증서를 발행할 예정입니다.
Japan Gold Corp. (JGLDF) a nommé Cailey Barker dans son Conseil Consultatif. Barker possède plus de 30 ans d'expérience dans les secteurs minier et financier, ayant récemment exercé les fonctions de Gestionnaire de Portefeuille et Responsable Minier chez BlackRock Investment Management. Il rejoint l'actuel conseiller Paul Harbidge, qui a une vaste expérience dans l'exploration minière et des réalisations notables, notamment la direction de la vente de GT Gold à Newmont Mining pour 456 millions de dollars canadiens.
L'entreprise a accordé à Barker 300 000 unités d'actions restreintes, qui se débloqueront sur deux ans. Plusieurs conseillers, dont Mitsuhiko Yamada, John Carlile, Robert Gallagher et le Dr. Steve Garwin, ont quitté leurs fonctions.
De plus, Japan Gold a sécurisé un prêt de 140 000 dollars d'un directeur de l'entreprise, échéant le 18 mars 2025, avec un taux d'intérêt annuel de 12%. L'entreprise émettra 2 millions de bons de souscription d'actions non transférables à 0,07 dollar par action en contrepartie, sous réserve de l'approbation de la TSX Venture Exchange.
Japan Gold Corp. (JGLDF) hat Cailey Barker in sein Beratungsgremium berufen. Barker bringt über 30 Jahre Erfahrung im Bergbau und in der Finanzwirtschaft mit, zuletzt war er Portfolio-Manager und Leiter des Bergbaus bei BlackRock Investment Management. Er stößt zu dem bereits bestehenden Berater Paul Harbidge, der über umfassende Erfahrung in der Bergbauerforschung verfügt und bemerkenswerte Erfolge vorweisen kann, darunter die Leitung von GT Gold, die zu einer Übernahme durch Newmont Mining im Wert von 456 Millionen kanadischen Dollar führte.
Das Unternehmen hat Barker 300.000 eingeschränkte Aktieneinheiten gewährt, die über einen Zeitraum von zwei Jahren erworben werden. Mehrere Berater, darunter Mitsuhiko Yamada, John Carlile, Robert Gallagher und Dr. Steve Garwin, haben ihren Rücktritt erklärt.
Zusätzlich hat Japan Gold ein Darlehen von 140.000 Dollar von einem Unternehmensdirektor gesichert, das am 18. März 2025 fällig ist, mit einem jährlichen Zinssatz von 12%. Das Unternehmen wird 2 Millionen nicht übertragbare Aktienoptionsscheine zu einem Preis von 0,07 Dollar pro Aktie als Gegenleistung herausgeben, vorbehaltlich der Genehmigung der TSX Venture Exchange.
- Appointment of experienced mining finance executive Cailey Barker strengthens advisory team
- Secured $140,000 in short-term working capital financing
- 12% interest rate on new loan indicates relatively high borrowing costs
- Potential dilution from 2 million warrant issuance at $0.07 per share
- Loss of four experienced advisors could impact strategic guidance
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the appointment of Mr. Cailey Barker to its Advisory Board.
Mr. Barker's experience in the mining and finance industry spans over 30 years, having most recently served as Portfolio Manager at BlackRock Investment Management, where he also held concurrent roles as Head of Mining and Head of Research. Before joining BlackRock, he was a top ranked Senior Mining Analyst at several sell-side institutions including Numis Securities and Royal Bank of Canada, as well as industry consultancy Brook Hunt (now Wood Mackenzie). Mr. Barker is also an entrepreneur and small business executive and has a deep understanding of the mining industry, having started his career as an exploration geologist in Africa. He holds a BSc in Geology from the University of Southampton and an MSc in Mineral Deposit Evaluation from the Royal School of Mines, and is a Fellow of The Geological Society, a Fellow of the Society of Economic Geologists and is a Member of The Institute of Materials, Minerals and Mining.
"On behalf of the Board, I am delighted to welcome Cailey as an Advisor to Japan Gold, bringing his extensive technical knowledge and depth of experience in mining finance, resource operations and corporate leadership to help guide the Company into its new phase of development," said Mr. John Proust, Chairman and CEO.
Mr. Barker joins Mr. Paul Harbidge, an existing Advisory Board member. Mr. Harbidge is a geologist with more than 30 years of experience in mining exploration and development with a proven track record of discovering world class gold deposits. He is President, CEO and Director of Faraday Copper Corp. and Chairman and Director of Fireweed Metals Corp. He was previously the President and CEO of GT Gold and led the company to a CDN
In connection with Mr. Barker's appointment, the Company has granted 300,000 restricted share units, each, ("RSUs"). The RSUs will vest over two years from the grant date.
The Company also announces that Messrs. Mitsuhiko Yamada, John Carlile, Robert Gallagher and Dr. Steve Garwin have stepped down as advisors and thanks them for their valuable contributions over many years of service.
In particular, the Company wishes to thank Mr. Yamada for the years he served as a Board Member, as Representing Director of the Company's wholly owned subsidiary, Japan Gold KK, and as a strategic Advisor. Mr. Yamada was a founding Director of the Company until his retirement from the Board in 2022. Before joining Japan Gold, Mr. Yamada held the roles of Executive Officer and General Manager of Mineral Resources for Sumitomo Corporation. His vast knowledge of international resource development and the Japanese mining landscape helped shape the Company's exploration strategy and provided valuable insight into its operations.
Further, the Company announces that it has entered into a loan agreement (the "Agreement") with a director of the Company (the "Lender") for
The Loan is repayable in full by March 18, 2025, or such earlier date as the Company may elect, and bears interest at a rate of
Pursuant to the Agreement, and subject to approval of the TSX Venture Exchange, the Company has agreed to issue the Lender 2,000,000 non-transferrable share purchase warrants ("Bonus Warrants") as consideration for providing the Loan. Each Bonus Warrant will entitle the Lender to purchase one common share of the Company at an exercise price of
The Lender is considered an "insider" of the Company, and therefore the Loan and issuance of Bonus Warrants are each considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the formal valuation exemption in section 5.5(b) of MI 61-101 and upon the minority approval exemption in section 5.7(1)(a)of MI 61-101 on the basis that, at the time the Loan was made, and the time the Bonus Warrants will be issued, neither the fair market value of the subject matter of, nor the fair market value of the consideration will exceed
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization in one of the most stable and under explored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide. Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies in Japan. Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation.
On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO
For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: 604-417-1265
Email: ahelgason@japangold.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events, terms of the Loan, the Company's proposed use of proceeds, the terms of the Bonus Warrants, the Company's receipt of TSX Venture Exchange approval in order to issue the Bonus Warrants, and anticipated results related to future partnerships and the Company's 2025 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the Company's ability to execute and implement future plans, arrange or conclude a joint venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237528
FAQ
What experience does new JGLDF advisor Cailey Barker bring to Japan Gold?
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How many advisors left Japan Gold (JGLDF) in January 2025?
What compensation did JGLDF grant to new advisor Cailey Barker?
