Business
Letter to the Shareholders of Gambier Gold Corp. ("the Company")
The Future of your Investment will be Determined by the Outcome of this Vote Frastanz, Austri...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Letter to the Shareholders of Gambier Gold Corp. (\"the Company\")The Future of your Investment will be Determined by the Outcome of this VoteFrastanz, Austria--(Newsfile Corp. - May 12, 2022) - Dear Fellow Shareholders of Gambier Gold Corp. (TSXV: GGAU) (the \"Company\"), Dear Fellow Gambier Shareholders,Shareholders have not been told the full story and as you read further, you will find that in order for Gambier Gold Corp. (\"Gambier\" or the \"Corporation\") to succeed, change is required. We, FruchtExpress Grabher GmbH & Co KG, significant shareholders of Gambier, have a passion for the Corporation to succeed, have the best interests of Shareholders in mind and want management of Gambier to deliver results. As significant shareholders, we hold approximately 8,750,000 common shares representing approximately 18.926% of Gambier's issued and outstanding shares. Our interests are aligned with yours and we are motivated to maximize value for all.The President and Chief Executive Officer, Michael Schuss, along with Chief Financial Officer, Geoff Balderson, have breached their fiduciary duties of loyalty and care which are owed by each director and officer to the Corporation and its shareholders under corporate law. Such behavior CANNOT continue and CANNOT remain hidden.Key HighlightsIn favour the of new Board of Directors and Management:We continue to actively engage with shareholders, key stakeholders and potential shareholders. Increasing shareholder support base to around 50%.Strengthening the team with the addition of two independent technical advisors, Bernie Kreft [Owner of a private prospect generator company and advisor of Kestrel Gold] and Robert Cameron [President & CEO at Commander Resources].Strengthening the team with the addition of a CFO, Mark T. Brown [Executive Chairman at Alianza Minerals Ltd and President of Pacific Opportunity Capital Ltd].We are in discussions with third parties about the addition of new projects to replace the loss of the Wicheeda property.Since our last News Release, we have continued to try and work with the existing Board, who continue to fail to address questions and concerns.Reason for concern about current Board of Directors and Management:Failure to comply with British Columbia securities laws and regulations.Extremely poor communication with shareholders, including out of dat...