RE:Did Guyana Goldfields just become a large shareholder.Not only an investment by GUY but .....Scott Caldwell has joined the SOLG board.....and purchased 18,750,000 shares of SOLG in addition to the 81,250,000 shares purchased by GUY itself.......
Directorate Change
Fri, 9th Sep 2016 12:38
RNS Number : 4581J
SolGold PLC
09 September 2016
9 September 2016
SolGold plc
("SolGold" or the "Company")
Scott A. Caldwell Joins SolGold Board
The Board of Directors of SolGold (AIM: SOLG) is pleased to announce that further to the 26 August 2016 press release, Maxit Capital LP (Maxit) has appointed Scott A. Caldwell (aged 59) as a Non-Executive Director to join the SolGold Board of Directors.
Mr. Caldwell is a mining engineer with over 30 years of experience building and operating gold and base metal mines worldwide, including USA, Canada, Russia, Zimbabwe, Chile, and Indonesia. He is currently the President, CEO and Director of Guyana Goldfields Inc. (Guyana) and has led the team to finance, build, commission and achieve commercial production of the Aurora mine ahead of schedule and on budget. Previously, Mr. Caldwell was the President, CEO and Director of Allied Nevada Gold Corp. from 2006 to 2013. Prior to Allied Nevada, Mr. Caldwell held various senior capacities at Kinross Gold Corporation for eight years. Mr. Caldwell holds a Bachelor of Science (Mining) degree in Engineering from the University of Arizona.
Regulatory disclosures
Scott Andrew Caldwell, aged 59, is or has been during the last five years, a director or partner of the following companies or partnerships
Current: Previous five years
Guyana Goldfields Inc. Allied Nevada Gold Corp.
Atacama Pacific Gold Corporation
There is no further information to be disclosed under Schedule 2(g) of the AIM Rules for Companies.
Commenting on the appointment Executive Director Nick Mather said: "We are pleased that Mr. Caldwell has agreed to join the SolGold Board and become a significant shareholder. His considerable experience as a professional mining engineer and track record in the industry will provide a valuable contribution to the continued advancement of the Cascabel project. His experience at the giant Grasberg project in Indonesia for Freeport is most relevant. We appreciate the enthusiasm Mr. Caldwell has shown for the Cascabel project following his recent site visit and review."
Scott Caldwell, comments, "I am pleased to be joining the SolGold Board and I am very impressed with the work the SolGold team has done to find one of the most significant copper-gold porphyry discoveries in many years."
Upon completion of the first tranche of the Maxit private placement announced on 26 August 2016, ordinary shares of SolGold were acquired by Mr. Caldwell and Guyana Goldfields Inc., a company of which Mr Caldwell is a director, further details as follows:
Party
Number of Ordinary Shares
Interest in Ordinary Shares
Scott A. Caldwell
18,750,000
1.53%
Guyana Goldfields Inc.
81,250,000
6.65%
By order of the Board
Karl Schlobohm
Company Secretary