- Burin Gold (BURG) appointed Tom Panoulias and Douwe van Hees as Directors, while Phillip Walford and Sheryl Dunsworth resigned as directors
- Panoulias currently serves as the Interim Chief Executive Officer of the company
- Douwe van Hees is co-founder and fund manager of Plethora Private Equity, a Netherlands-based investment fund
- Phillip Walford and Sheryl Dunsworth have given their notice of resignation as Directors
- Burin Gold is down 8.33 per cent, trading at C$0.06 at 11:45 am EST
Burin Gold (BURG) welcomes both Tom Panoulias and Douwe van Hees, who will be new Directors for the mining company.
The new directors
Panoulias currently serves as the Interim Chief Executive Officer of the company.
He is a capital market professional with over 15 years of experience. He has previously worked at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, and Dundee Capital Markets, raising over one billion dollars for issuers in the mining sector and advising senior management teams on numerous merger and acquisition transactions.
Prior to entering capital markets, Panoulias held senior roles at Kinross Gold Corporation and TVX Gold in corporate development.
Douwe van Hees is co-founder and fund manager of Plethora Private Equity, a Netherlands-based investment fund focused on incubating mineral exploration.
Plethora is the largest shareholder of Burin Gold, with an equity stake of 24 per cent. Since 2014, van Hees has been active as a fund manager of the Plethora Precious Metals Fund.
In addition to the good news, some goodbyes happened.
Phillip Walford and Sheryl Dunsworth have tendered their resignation as Directors.
Daniel James, Director of the company, said, “On behalf of the Board, we thank Phillip and Sheryl for their contributions to the company, and we wish them the very best in their future endeavours.”
Burin Gold is a Canadian-based exploration company whose main asset is its Hickey’s Pond-Paradise Gold Project in Newfoundland.
This project contains the Hickey’s Pond gold prospect, containing multiple exploration phases. Including drilling, with best results of 10.8 m of 4.43 g/t Au.
Burin Gold is down 8.33 per cent, trading at C$0.06 at 11:45 am EST.