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Stuve Gold Corp Announces Executive Appointment, Termination of Investor Relations Contract, Revision to Proposed Private Placement and Option Grant
(TheNewswire) Calgary, Alberta – TheNewswire - June 9, 2021 - Stuve ...
About this update from Stuve Gold Corp.
[{"type":"text","content":"Stuve Gold Corp Announces Executive Appointment, Termination of Investor Relations Contract, Revision to Proposed Private Placement and Option Grant\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n Calgary, Alberta –\n \n TheNewswire -\n \n June 9, 2021\n- Stuve Gold Corp. (TSXV:\n \n STUV\n \n )\nis pleased to announce the appointment of Gordon Aldcorn to the\nposition of President of Stuve Gold Corp. (\n \n “Stuve Gold”\n \n or the “\n \n Company\n \n ”), effective immediately.\n \n \n Mr. Aldcorn has been involved with junior resource companies for over\n15 years\n \n in the area of corporate development and\nstrategy initiatives including the execution and communication of\nthose initiatives to corporate stakeholders.    A significant\nportion of that experience involves junior mining\ncompanies.\n \n \n \n \n “Having been involved with Stuve Gold since the\nbeginning of November 2020, Gordon has been an integral part of the\nCompany’s achievements since that time and is well prepared to\ncontinue to advance Stuve Gold’s initiatives” commented Stuve\nGold’s CEO, Al Kroontje.\n \n \n \n \n Gord Aldcorn commented: “I am excited to become a\npart of the management team advancing Stuve Gold and I welcome the\nopportunity to work towards unlocking the company’s potential in a\ntimely, responsible, and efficient manner”.\n \n \n \n \n In connection with the appointment of Mr. Aldcorn to\nhis executive position,\n \n the existing investor relations\ncontract with Alliance Capital Partners dated November 1, 2020 has\nbeen terminated (see Stuve Gold press release dated November 2, 2020).\n \n \n \n Amendment to Private Placement\n \n \n \n After review of its cash requirements, Stuve Gold has decided to\nreduce the size of its recently proposed private placement (see Stuve\nGold press release dated April 22, 2021).  Management has determined\nthat the initial drilling programs on the Coba SW and Inca properties\ncan be accomplished with a private placement limited to gross proceeds\nof $500,000.  The private placement terms will remain unchanged and\nwill involve the issuance of up to 2,500,000 units of the Corporation\n(each, a “Unit”) at a price of $0.20 per Unit.  Each Uni...