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South Atlantic Gold ( (TSE:SAO) ) has provided an announcement.
South Atlantic Gold has announced the resignation of director Rick Brown, whose Latin American mining experience had supported the advancement of the Pedra Branca strategy, and the appointment of veteran mining executive and M&A adviser Stephen Stow to its board, pending regulatory approvals. Stow, founder and executive chairman of Zen Capital & Mergers and a current director at G2 Goldfields and FNX, brings over three decades of experience in gold exploration, project development and capital markets, which the company expects will bolster its growth ambitions in Latin America.
In a parallel move to align incentives with long-term performance, South Atlantic has granted an aggregate 2,450,000 deferred share units to directors, officers and consultants under its shareholder-approved long-term incentive plan. The awards, which are subject to regulatory acceptance and applicable hold periods, underscore the company’s focus on retaining key talent and reinforcing governance as it advances its exploration portfolio.
More about South Atlantic Gold
South Atlantic Gold Inc. is a Vancouver-based mineral exploration company focused on acquiring and advancing gold and other mineral properties in the Americas, including its Pedra Branca project in Latin America. The company targets value creation through disciplined exploration programs and strategic project development in key mining jurisdictions.
Average Trading Volume: 319,940
Technical Sentiment Signal: Buy
Current Market Cap: C$8.23M
For a thorough assessment of SAO stock, go to TipRanks’ Stock Analysis page.