Business
Steppe Gold Announces New Chairman
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 5, 2023) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: ...
About this update from Steppe Gold Ltd.
[{"type":"text","content":"Steppe Gold Announces New ChairmanUlaanbaatar, Mongolia--(Newsfile Corp. - June 5, 2023) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (\"Steppe Gold\" or the \"Company\") is pleased to announce that the chief executive officer of the Company (the \"CEO\"), Mr Bataa Tumur-Ochir will also assume the role of Chairman, effective immediately.Mr Bataa Tumur-Ochir is a founding Director of Steppe Gold and he has led the Company as CEO since December 2019. He is also now the largest shareholder of the Company, on a partially diluted basis.He has been instrumental in the management and growth of the Company since listing, guiding the ATO Gold Mine from a greenfield site on the Mongolian steppe to a modern and international standard gold mine in Mongolia today, now in its fourth year of production. Mr Matthew Wood, retiring Chairman of the Company, will remain in the role of a Non-Executive Director and will continue to act as an advisor to the Board. Mr Bataa Tumur-Ochir commented, \"I am excited to take on the role of Chairman as we embark on an exciting period for Steppe Gold. Completion of financing for our Phase 2 Expansion is our top priority and advancing the dual listing on the Hong Kong Stock Exchange. We expect that these projects will be transformative for our Company. We are a proud Mongolian company and I want to thank all of our stakeholders and partners who have shown us great support in recent years. We want to be at the forefront of fulfilling the great promise of homegrown Mongolian mining companies on the world stage.\"Mr Wood said, \"It has been my honour and privilege to be the Chairman of Steppe Gold during an extremely challenging and rewarding phase in the Company's life. We entered production in April 2020, at the height of the pandemic and I am proud of our resilience, with continuous production during the last three years. Mr Bataa Tumur-Ochir has proven his commitment to building Steppe Gold into Mongolia's premier precious metals company, and he is now also our largest stakeholder. He has my full support as we look to expand in Mongolia.\" Steppe Gold Ltd.Steppe Gold is Mongolia's premier precious metals company.For Further information, please contact:Bataa Tumur-Ochir, CEO and PresidentShangri-La office, Suite 1201, Olympic Street19A, Sukhbaatar District 1,Ulaanbaatar 14241, MongoliaTel: +976 7732...