Trillium Gold Announces Change to Board of Directors
Trillium Gold Mines Inc. has announced the resignation of Mr. Robert Schafer as non-Executive Chairman to focus on other commitments. Effective immediately, Russell Starr, the company's President and CEO, will assume the role of Chairman on an interim basis. Starr expressed gratitude for Schafer's contributions since July 2020 and emphasized the company's commitment to advancing gold exploration in the Red Lake Mining District. The company remains focused on acquiring and developing mineral properties in this area, including recent acquisitions in the Confederation Lake and Birch-Uchi greenstone belts.
- Russell Starr's appointment as interim Chairman may provide continuity and leadership during the transition.
- The company is making strategic acquisitions, such as the Willis property and control over a significant portion of the Confederation Lake Greenstone Belt.
- The resignation of Schafer may raise concerns about leadership continuity and experience gaps.
VANCOUVER, BC, Feb. 7, 2022 /PRNewswire/ - Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium Gold" or the "Company") announces that further to its news release of February 4, 2022, Mr. Robert Schafer has stepped down from his position as non-Executive Chairman effective immediately to focus on other commitments.
Russell Starr, Trillium Gold's President, CEO and Director has assumed the position of Chairman on an interim basis.
Russell Starr commented, "Bob has served as a Director of the Company since July 2020 during which time he has made innumerable contributions to the Company's growth. We wish to express our sincerest gratitude for his dedicated commitment as we look ahead to launch Trillium Gold into a new era in gold exploration in the Red Lake Mining District."
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
Russell Starr
Chairman, President & CEO
Visit our website at www.trilliumgold.com.
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the Company has assembled the largest prospective land package in and around the Red Lake mining district in proximity to major mines and deposits, as well as the Confederation Lake and Birch-Uchi greenstone belts. Recent examples are the acquisition of the Willis property southwest of and contiguous to the Newman Todd complex, and a definitive agreement giving the Company control over a significant portion of the Confederation Lake Greenstone Belt to more than 100 km in length. In addition, the Company has interests in highly prospective properties in Larder Lake, Ontario and the Matagami and Chibougamau areas of Quebec.
Neither 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 information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations.
Forward-looking information is based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among others, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Trillium Gold Mines Inc.
FAQ
What prompted the resignation of Robert Schafer from Trillium Gold Mines?
Who is the interim Chairman of Trillium Gold Mines following Schafer's resignation?
What are the implications of leadership changes at Trillium Gold Mines for investors?
What strategic acquisitions has Trillium Gold Mines made recently?
