Appoints Paul Matysek Executive Chairman & $3 M Placement /THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES./
- Mining legend Paul Matysek appointed Executive Chairman to lead the next phase of growth and value generation
- Strategic non-brokered private placement to be completed for gross proceeds of up to $3 million
CANADIAN SECURITIES EXCHANGE: FMAN
VANCOUVER, BC, Sept. 1, 2021 /CNW/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to announce it has appointed Mr. Paul Matysek as the Company's Executive Chairman.
Mr. Matysek's unique qualifications, experience and unprecedented string of successful transactions in the mining sector will create value for the Company as it advances its Lemhi Gold Project. As members of the Strategic Advisory Committee, Mr. Matysek, along with Freeman CEO William Randall and CFO Bassam Moubarak, were instrumental in significantly de-risking the Lehmi project by consolidating the ownership structure and completing a maiden National Instrument 43-101 ("NI 43-101") compliant resource. These major milestones position the Company as 100% owner of one of the few remaining undeveloped large, high-grade oxide gold deposits in the United States (see Freeman news release dated July 8, 2021).
Mr. Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry. Since 2004, as either CEO or Executive Chairman, Mr. Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.
Most recently in June 2021, as Chief Executive Officer, he sold Gold X Mining Corp. to Gran Colombia Gold Corp. for over $250 million in an all-share transaction. In March 2018, as Executive Chairman, he sold Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. Earlier, in July 2016, Mr. Matysek, as President and CEO, sold Goldrock Mines Corp. to Fortuna Silver Mines Inc. He was also previously CEO of Lithium One Inc., which merged with Galaxy Resources Limited of Australia to create a multi-billion-dollar integrated lithium company. He served as CEO of Potash One Inc., which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million in 2004 to approximately $1.8 billion when sold in 2007.
https://www.newswire.ca/news-releases/freeman-gold-appoints-paul-matysek-as-executive-chairman-and-announces-3-million-strategic-placement-872288984.html