RooGold Announces Appointment of Michael Singer to Board of Directors

Rhea-AI Summary

RooGold Inc. has appointed Michael Singer to its board of directors, replacing Warren Robb, who is stepping down. Singer brings extensive experience in financial management and corporate governance, particularly in the pharmaceutical sector, and currently serves on the board of Aurora Cannabis Inc.. Additionally, RooGold issued 350,000 stock options with an exercise price of $0.30, which will vest over two years. The company is focused on mineral exploration in New South Wales, Australia, boasting a portfolio of 13 high-grade potential gold and silver concessions.

Positive

• Appointment of Michael Singer expected to enhance governance and strategic direction.
• Singer's extensive network in capital markets could benefit company growth.
• Issuance of stock options may align management incentives with shareholder interests.

Negative

• Warren Robb's departure may raise concerns about continuity and leadership experience.

VANCOUVER, BC / ACCESSWIRE / March 21, 2022 / (CSE:ROO) (OTC:JNCCF) (Frankfurt:5VHA) -RooGold Inc. ("RooGold" or the "Company") is pleased to announce the appointment of Michael Singer to the Company's board of directors. Mr. Singer replaces Warren Robb, who will stepping down to pursue other ventures.

Mr. Singer has extensive financial management, capital markets and corporate governance experience in the pharmaceutical and medical cannabis industries. He currently sits as a director of Aurora Cannabis Inc, having previously held the roles of interim CEO and Executive Chairman since May 2016. He formerly acted as the CFO of NASDAQ-listed Clementia Pharmaceuticals Inc., a Montreal based clinical stage biopharmaceutical company from May 2015 until July 2018. Michael has held numerous independent director roles in Canadian public health care companies. Michael is a chartered professional accountant (CPA, CGA) and holds a Graduate Diploma in Public Accounting from McGill University and a Bachelor of Commerce from Concordia University.

"We are very pleased to have Michael join our team at this time," said Carlos Espinosa, President and CEO of RooGold. "Michael brings decades of experience in North American capital markets and an extensive network of contacts across many industries which will be of great benefit to the Company," Mr. Espinosa continued "I would also like to thank Warren Robb for his valued contributions to RooGold, and wish him well in the future."

Issuance of Stock Options

RooGold has issued 350,000 incentive stock options (the "Options") to certain directors, officers, employees, and consultants of the Company. The Options have an exercise price of $0.30 and are exercisable for a period of five (5) years, expiring March 17, 2027. The Options will be subject to a two (2) year vesting schedule whereby 1/4^th of the Options issued will vest every six (6) months from the Effective Date.

About RooGold Inc.

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines and prospects.

For further information please contact:

Ryan Bilodeau
T: 416-910-1440
info@roogoldinc.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan","expect", "project", "intend","believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: RooGold Inc.

View source version on accesswire.com:
https://www.accesswire.com/693932/RooGold-Announces-Appointment-of-Michael-Singer-to-Board-of-Directors

FAQ

Who is Michael Singer in relation to RooGold?

Michael Singer is the newly appointed director on the board of RooGold, replacing Warren Robb.

What background does Michael Singer have?

Michael Singer has extensive experience in financial management and governance, notably with Aurora Cannabis and as CFO of Clementia Pharmaceuticals.

What stock options were issued by RooGold?

RooGold issued 350,000 stock options at an exercise price of $0.30, vesting over two years.

How might the board change impact RooGold's future?

Michael Singer's appointment could provide fresh insights and broaden the company's network, potentially benefiting its strategic initiatives.

What is RooGold's focus in the mining sector?

RooGold is focused on mineral exploration in New South Wales, Australia, holding 13 gold and silver concessions.