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GoldSpot Discoveries Corp. Announces Appointment of Frank Holmes as Independent Chairman and Strategic Partnership with Manitou Gold
Toronto, Ontario--(Newsfile Corp. - February 25, 2019) - GoldSpot Discoveries Corp. (TSXV: SPO...
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[{"type":"text","content":"GoldSpot Discoveries Corp. Announces Appointment of Frank Holmes as Independent Chairman and Strategic Partnership with Manitou GoldToronto, Ontario--(Newsfile Corp. - February 25, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) (\"GoldSpot\" or the \"Company\"), is pleased to announce that, in connection with the completion of its qualifying transaction, U.S. Global Investors Inc. (\"U.S. Global\") has competed a strategic investment in the Company. U.S. Global has exposure to 7,107,871 shares of GoldSpot, or approximately 8% of outstanding shares of the Company. GoldSpot commenced trading on the TSX Venture Exchange under the ticker symbol \"SPOT\" effective at the open on Feb. 21, 2019. This follows the completion of a $7.56-million equity financing, closed on Feb. 1, 2019.In connection with the investment, Frank Holmes, chief executive officer and chief investment officer of U.S. Global, a leading mutual fund and asset management firm, has agreed to serve as a director of GoldSpot and has been appointed the independent chairman of the board of directors of the Company. Mr. Holmes is a thought leader in both the technology and mining space, and a pioneer in using a quant-approach to investing. Frank is a sought-after keynote speaker at international investment conferences and a regular guest in business media. His Frank Talk CEO Blog is one of the most widely read in finance.Denis Laviolette, GoldSpot's CEO and president, commented: \"We are ecstatic to have Frank come on aboard. He will bring significant experience and leadership to the team and help with getting our message out to a broader audience. Frank understands how disruptive GoldSpot will be to both the drill bit and mining investments, and the many synergies between our Resource Quantamental platform and his umbrella of funds. 2019 is setting up to be a great year for GoldSpot.\"In addition, GoldSpot is pleased to announce that it has entered into a strategic partnership with Manitou Gold Inc. (\"Manitou\"). This partnership will bring GoldSpot's holistic 'whole earth' exploration modelling and machine learning technology into the junior mining space for the first time. To date, GoldSpot has only worked with established mining companies who have more sizeable production and asset profiles.In connection with the partnership GoldSpot has entered into an investment ag...