Business
VISIBLE GOLD MINES INCREASES CASH POSITION BY $2.6 MILLION AND APPOINTS NEW CFO
Visible Gold Mines Inc. ("Visible Gold" or the "Company") (TSXV: VGD) (FRANKFURT: 3V41) is pleased to announce the receipt of $2.6 million in cash following the disposition of the Fokus Mining Corp. shares held by the Company. This non-dilutive cash inflow strengthens the Company's financial position and enables it to focus on advancing its flagship Horsefly gold project, located immediately west of and contiguous with IAMGOLD's Nelligan Mining Complex in the Chibougamau Mining Camp in Québec, w
About this update from Comet Lithium Corp
[{"type":"text","content":"ROUYN-NORANDA, QC, May 1, 2026 /CNW/ - Visible Gold Mines Inc. ("Visible Gold" or the "Company") (TSXV: VGD) (FRANKFURT: 3V41) is pleased to announce the receipt of $2.6 million in cash following the disposition of the Fokus Mining Corp. shares held by the Company. This non-dilutive cash inflow strengthens the Company's financial position and enables it to focus on advancing its flagship Horsefly gold project, located immediately west of and contiguous with IAMGOLD's Nelligan Mining Complex in the Chibougamau Mining Camp in Québec, while also supporting other growth initiatives.","length":623,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce the appointment of Sylvain Champagne as Chief Financial Officer, effective immediately. Mr. Champagne succeeds Véronique Laberge, who has stepped down to pursue other opportunities.","length":221,"tagName":"p"},{"type":"text","content":"Mr. Champagne brings over 20 years of experience in the financial and mining sectors. He currently serves as Chief Financial Officer of Comet Lithium Corp. and previously held the role of Chief Financial Officer at Visible Gold from July 17, 2007 to July 30, 2025.","length":264,"tagName":"p"},{"type":"text","content":"The Board of Directors would like to thank Ms. Laberge for her dedicated service, her contributions to the Company, and her commitment to advancing the interests of Visible Gold's shareholders.","length":197,"tagName":"p"},{"type":"text","content":"About Visible Gold Mines Inc.","length":29,"tagName":"p"},{"type":"text","content":"Visible Gold Mines (TSXV: VGD) (FRANKFURT: 3V41) is a mining exploration company focused on acquiring, exploring and developing gold projects in the prolific Abitibi Gold Belt and the James Bay region in the province of Québec.","length":232,"tagName":"p"},{"type":"text","content":"Website: www.visiblegoldmines.com","length":33,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This news release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Visibl...