Roscan Gold Announces Change to the Board of Directors

Rhea-AI Summary

Roscan Gold Corporation announced that Srinivasan Venkatakrishnan will not seek re-election at the upcoming Annual General Meeting on April 26, 2022, as he transitions to Chairmanship of Endeavour Mining Plc in May 2022. Venkat will continue in an advisory capacity to ensure a seamless transition. Sir Sam Jonah, Chairman, acknowledged Venkat's significant contributions to building a robust foundation for Roscan's exploration activities in Mali, particularly in gold-rich regions.

Positive

• Transitioning leadership may bring fresh perspectives and strategies.
• Continued advisory role of Venkat may ensure stability during the change.

Negative

• Leadership change raises concerns about continuity in strategic vision.

TORONTO, ON / ACCESSWIRE / March 16, 2022 / Roscan Gold Corporation ("Roscan" or the "Company") (TSXV:ROS)(FSE:2OJ)(OTCQB:RCGCF) announces that Srinivasan Venkatakrishnan ("Venkat") will not be standing for re-election at its forthcoming Annual General Meeting scheduled to take place on April 26, 2022, to assume Chairmanship of Endeavour Mining Plc (LSE:EDV, TSX:EDV), a leading global gold producer and the largest in West Africa, in May 2022. In order to ensure a smooth transition, Venkat will continue to assist Roscan in an advisory role, for a period to be mutually agreed.

Sir Sam Jonah, Chairman, stated, "We would like to thank Venkat for his contributions to Roscan. Venkat's mentorship during his tenure has helped management build a strong foundation, as Roscan grows its highly prospective exploration land package in Mali."

About Roscan

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.

For further information, please contact:

Nana Sangmuah
President & CEO
Tel: (902) 832-5555
Email: info@Roscan.ca

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is 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. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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.

SOURCE: Roscan Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/693378/Roscan-Gold-Announces-Change-to-the-Board-of-Directors

FAQ

What leadership change occurred at Roscan Gold Corporation?

Srinivasan Venkatakrishnan will not be re-elected at the Annual General Meeting and will assume the Chairmanship of Endeavour Mining Plc.

What is the date of the upcoming Annual General Meeting for Roscan?

The Annual General Meeting is scheduled for April 26, 2022.

How will Venkat's departure impact Roscan Gold Corporation?

Venkat's departure may impact continuity and the strategic direction of the company, though he will assist in an advisory role.

What role will Venkat hold after leaving Roscan?

Venkat will transition to an advisory role at Roscan to ensure a smooth transition.