RE:New CTO Toronto, Ontario--(Newsfile Corp. - July 15, 2020) -
GoldSpot Discoveries Corp. (TSXV: SPOT) (the
"Company" or "GoldSpot") is pleased to announce today
the appointment of Shawn Hood, Ph.D., M.Sc., P.Geo, as
Chief Technology Officer (CTO).
Shawn is a designated Professional Geoscientist in
Economic Geology with hands-on mineral exploration and
mining experience spanning 15 years. He was most
recently the Vice President of Technical Services to
GoldSpot, working across project management and client
servicing. In his new role, Shawn will oversee GoldSpot's
technology strategy as it applies to research and
development, project success, and data management
strategies.
Prior to joining GoldSpot, Shawn's roles have included
greenfield and brownfield exploration, open pit and
underground mining, and academic research. With a
broad base of experience in base- and precious-metals,
Shawn strives to merge novel and practical solutions with
traditional geological approaches, and to maximize value
for GoldSpot's clients and to GoldSpot's investment base.
Along with his appointment, pursuant to the Company's
stock option plan and subject to TSX Venture Exchange
approval, the Board has granted 500,000 stock options to
Mr. Hood exercisable at $0.18 per common share for a
term of five years ("Stock Options").
Denis Laviolette, Executive Chairman and President of
GoldSpot, said, "Shawn Hood has played an integral role
on the technical side of our business and is a welcome
addition to the executive team. We have full confidence in
his capabilities to continue to push our research and
development and to ensure we remain leaders in this
space."
The Company has also granted an aggregate of 2,420,000
Stock Options to purchase common shares of the
Company to certain employees, officers and directors of
the Company. Of the total, officers and directors were
granted 1,750,000 Stock Options. The Stock Options have
been granted in accordance with the Company's stock
option plan.