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Chris Taylor Joins Railtown as President, CEO and Director and Railtown Closes $650,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Railtown Capital Corp. (TSXV:...
About this update from Railtown Ai Technologies Inc
[{"type":"text","content":"Chris Taylor Joins Railtown as President, CEO and Director and Railtown Closes $650,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Railtown Capital Corp. (TSXV: RLT.P) (\"Railtown\" or the \"Company\") is pleased to announce that further to its news release dated October 25, 2023, all regulatory approvals have been received and Mr. Christopher Taylor M.Sc. has been appointed President and Chief Executive Officer of the Company and has joined the Company's Board of Directors (\"Board\"). In connection with his appointment, Mr. Taylor purchased 2,500,000 escrowed common shares of the Company (\"Escrowed Shares\") from current board members and shareholders of the Company for cash consideration of $0.05 per Escrowed Share. Mr. Taylor is a structural and economic geologist with more than 20 years of industry and research experience with both mid-tier producer and junior exploration companies. Mr. Taylor is the founder and previous CEO & President of Great Bear Resources Ltd., which made a district-scale gold discovery in Canada and was taken over by Kinross Gold for $1.8 billion in 2022. Mr. Taylor is also the founder and current Chair of Kodiak Copper Corp. (TSXV: KDK), an exploration company whose most advanced asset is its 100% owned MPD copper-gold porphyry project located in the prolific Quesnel Trough in Southern British Columbia.Mr. Taylor said, \"I am pleased to join Railtown as its largest shareholder, and as a member of its Board and CEO, as we evaluate growth opportunities. With today's private placement closing, I am also pleased to welcome significant past shareholders of Great Bear to Railtown's shareholder base. I anticipate that 2024 will be a transformative year for the Company.\" \"We are thrilled to have Chris Taylor take over the reins at Railtown,\" stated Cameron White, a Director of Railtown and former CEO said. \"Chris is a proven company builder, having combined his many years of experience as structural and economic geologist with his talents as an entrepreneur and astute businessman. We would like to thank Chris and his investor group for their commitment to Railtown.\"Private PlacementThe Company is also pleased to announce the closing of its non-brokered private placement for aggregate gross proceeds of $650,000 through the issuance of 6,500,000 common shares...