Roscan Gold Announces Senior Management Changes

Rhea-AI Summary

Roscan Gold Corporation has announced key senior management appointments, with Bruce C. Ramsden as Chief Financial Officer and Pascal Van Osta as Vice President Exploration. Ramsden, a seasoned finance executive with over 38 years of experience, has significant expertise in the mining sector, including securing U$525M in financing. Van Osta brings over 30 years of mineral exploration expertise in West Africa. Both appointees are expected to contribute to the company’s strategic growth in gold exploration and development in Mali. The board also approved 1,800,000 incentive stock options for them.

Positive

• Bruce Ramsden and Pascal Van Osta bring extensive experience to Roscan, enhancing management capability.
• Ramsden's past success in securing U$525M in financing could aid in future funding efforts.
• Van Osta's exploratory knowledge is vital for advancing gold projects in West Africa.

Negative

• Management changes could pose risks regarding continuity amid ongoing projects.
• Potential experience gaps if prior management had established relationships and insights.

TORONTO, ON / ACCESSWIRE / April 13, 2021 / Roscan Gold Corporation ("Roscan" or the "Company") (TSX-V:ROS)(FSE:2OJ)(OTC PINK:RCGCF) is pleased to announce the following senior management appointments, effective immediately.

• Bruce C. Ramsden to Chief Financial Officer (CFO)
• Pascal Van Osta to Vice President Exploration

Commenting on the announcement, Nana Sangmuah, President & CEO said: "I would like to welcome Mr. Ramsden and Mr. Van Osta to the Roscan team. They both bring a wealth of experience and accomplishments in their respective fields over decades working in the mining industry. They come onboard at a very exciting time as we continue to build strong foundations toward the next stage of the Company's development. I would also like to take the opportunity to extend our gratitude to Mark McMurdie and John Learn for their immense contributions to the Company and wish them the best in their next endeavors".

Bruce C. Ramsden to Chief Finance Officer

Mr. Ramsden is a seasoned senior financial executive and board member of publicly traded companies, with over 38 years of finance experience, the last 23 of which dedicated to the mining sector. He has played key role on the arranging and execution of U$525M of senior debt and subordinated debt financing through various debt financial institutions and other sources.

Prior roles include VP Finance and CFO of the following publicly traded mining companies: Kennady Diamonds Inc., Mountain Province Diamonds, Andean American Gold Corp. and Sinchao Metals Previously and Vaaldiam Mining Inc. He has also held the positions of Director and CFO with Freegold Ventures Ltd., Sierra Minerals Inc. and Heritage Explorations Ltd.

Mr. Ramsden holds a B. Comm. from the University of South Africa and the Chartered Institute of Secretaries (C.I.S) through the UK. He was a member of the Institute of Commercial and Financial Accountants of Southern Africa and is an Associate Member of The Institute of Chartered Secretaries and Administrators of Canada and Financial Executives International.

Appointment of Pascal Van Osta to Vice President Exploration

Mr. Pascal Van Osta has more than 30 years of extensive mineral exploration experience throughout West Africa and the Guiana Shield with junior companies exploring for a variety of commodities primarily gold and base metals.

Prior roles include Exploration Manager for Sandspring Resources in Guyana and Etruscan Resources/Endeavour Mining, where we worked on many West Africa gold projects located in Mali, Burkina Faso and Ivory Coast. He has been involved in the Morila gold deposit discovery in Mali and development of several projects from exploration through to mine construction stage including Samira Hill in Niger, Agbaou in Ivory Coast and Toroparu-Sona Hill in Guyana. Mr. Van Osta also served as Exploration Manager to Komet Mali from May 2018 to June 2019 and has an intimate knowledge of the company's advanced Kabaya deposit.

Mr. Pascal Van Osta is a Qualified Person and Euro Geo professional affiliated with a Honors Master's Degree, Geological & Mineralogical Sciences from the Free University of Brussels.

Stock Options

The Company's board of directors has approved the granting of a total of 1,800,000 incentive stock options pursuant to the Company's stock option plan to both the new appointees. The options are exercisable at a price of $0.59 per share for a period of two (2) years from issuance.

About Roscan

Roscan Gold Corporation is a well-financed 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:

Andrew J. Ramcharan, P.Eng
Executive Vice President - Corporate Development and Investor Relations
Tel: (902) 832-5555
Email: aramcharan@Roscan.ca

Greg Isenor, P.Geo
Executive Vice-Chairman
Tel: (902) 832-5555
Email: gpisenor@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/640128/Roscan-Gold-Announces-Senior-Management-Changes

FAQ

What recent management changes occurred at Roscan Gold Corporation?

Roscan Gold announced the appointment of Bruce C. Ramsden as CFO and Pascal Van Osta as VP Exploration.

What experience does Bruce C. Ramsden bring to Roscan Gold?

Ramsden has over 38 years of finance experience, particularly in the mining sector, including securing U$525M in financing.

How might Pascal Van Osta's background benefit Roscan Gold?

Van Osta has more than 30 years of mineral exploration experience, particularly in West Africa, which is crucial for Roscan's projects.

What stock options were granted to the new appointees at Roscan Gold?

The board approved 1,800,000 incentive stock options for the new appointees, exercisable at $0.59 per share for two years.

Why are management changes significant for Roscan Gold Corporation?

Management changes can influence company strategy, operational continuity, and investor confidence, impacting stock performance.