- Advance Gold (AAX) announced Gennen McDowall has joined the company’s Board of Directors
- McDowall is a geophysicist with over 40 years of international mining exploration experience
- McDowall has worked for both major and junior mining companies since 1974
- His experience includes exploration for lithium, uranium, diamonds, base and precious metals
- Advance Gold is unchanged on the day, with shares of the company trading at $0.08 at 10:46 am ET
Advance Gold (AAX) announced Gennen McDowall has joined the company’s Board of Directors.
McDowall is a geophysicist with over 40 years of international mining exploration experience. He holds a first-class honours degree in Geophysics from the University of British Columbia.
McDowall has worked for both major and junior mining companies since 1974, including Anglo American Corporation.
His experience includes exploration for lithium, uranium, diamonds, base and precious metals. He also has extensive experience in corporate governance through his work with a number of publicly listed junior mining companies.
As the President and CEO of Xemplar Energy Corporation, McDowall was responsible for the development of the company’s uranium projects in Namibia. During his four-year tenure with Xemplar the market capital of the company was raised from around $15 million dollars to over $1 billion.
“I’ve had the privilege of working with Gennen over the past couple of decades and consider him a mentor not only in geophysics, but also in the exploration business. We have exploration projects underway in Mexico for gold, silver and lithium, as well as in Kenya for gold. Geophysics plays a key role in our exploration programs and our board is pleased to have his advice in our efforts. As an exploration company, we are always looking at new potential projects and Gennen will also help us in evaluating new opportunities. We are fortunate to have someone with Gennen’s experience to help us with our current projects and looking at new opportunities, as well as helping with introductions to the network of contacts he has built up in his 40 plus year career from major mining companies to institutional investors,” said Advance Gold President and CEO Allan Barry Laboucan.
Advance Gold has also granted stock options to its directors, key employees and consultants entitling them to purchase, in total, up to 1,800,000 options over a five year term expiring May 2025 at an exercise price of $0.08 per share.
Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals.
Advance Gold is unchanged on the day, with shares of the company trading at $0.08 at 10:46 am ET.
