PC Gold Inc Ord PCGLF

Kevin Out

[Bigpaulbunyon]

OTTAWA, ONTARIO--(Marketwire - Dec. 12, 2011) - PC Gold Inc.(TSX:PKL) ("PC Gold" or the "Company") announces that effective today KevinKeough has resigned as President and Chief Executive Officer and a director ofthe Company. The Company's Board of Directors has appointed Jean-Pierre (JP)Chauvin, B.A.Sc., P.Eng., a current director of the Company, as the interimPresident and Chief Executive Officer of the Company while it conducts a searchfor a new permanent President and Chief Executive Officer.

Anthony Lloyd, Chairman of the Company, stated, "On behalf of the Board, Iwould like to thank Kevin Keough for his significant contribution to theCompany. Kevin did a tremendous job in founding the Company and serving as itsinitial President and CEO. During turbulent financial markets, Kevin wassuccessful in raising significant capital for the exploration of the Company'sPickle Crow gold property and positioning the Company for the next stageadvanced (underground) exploration and development program on the property.While the Company seeks a new President and CEO more uniquely qualified andexperienced to execute on this next phase, Kevin leaves the Company wellpositioned to capitalize on the opportunity presented by the Pickle Crowproject."

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[Rock881]

I think this will be good long term for the stock whats everyone's opinion of what will happen in the short term to the stock price? Also will Kevin start selling stock?

[Gaberlunzie]

I read Keogh's departure as a buy signal.This is the best thing that cold happen. The outstanding problem is the nature of the deal, which will be revealed in time, that he cut with the directors. He has a buy-out clause in his contract for two year's wages. I expect H.O. will be moved to Toronto and the geological consultants to be either booted out or restrained.   

[Rock881]

Well any chance the new management will be able to get this stock going again? Do you think the latest drill results suck thats why Kevin stepped down? Or did Kevin realize this was obviously best for the company and he has a lot of shares. To bad he couldn't have kept the stock price around a dollar. I think there must be something  big coming down the pipe and hopefully it's good

[mtgfree1]

Exccelent news in my view.  He did not much in the past 6 month  and I bet he was selling.PKL needs people to work and deliver resoults, money in the bank drillsget better be drilling .excellent

[catchat33]

Canada : PKL - PC GOLD INC KEOUGH, KEVIN 1,728,400 3.14 % 20100517 nope and still owns a ton of shares and all majors holders are here and I like that sprott is here moving pkl along! .. so lets hope for some good news, and Gold heading down did not help today!