Business
Gold79 Announces Derek Macpherson as President and CEO and Provides Corporate Update
Ottawa, Ontario--(Newsfile Corp. - May 3, 2021) -  Gold79 Mines Ltd. (TSXV: AUU) ("Gold79...
About this update from West Point Gold Corp.
[{"type":"text","content":"Gold79 Announces Derek Macpherson as President and CEO and Provides Corporate UpdateOttawa, Ontario--(Newsfile Corp. - May 3, 2021) -  Gold79 Mines Ltd. (TSXV: AUU) (\"Gold79\" or the \"Company\") is pleased to announce that Mr. Derek Macpherson has joined the Company as a full time President and Chief Executive Officer, effective May 1, 2021. With Mr. Macpherson's appointment, Mr. Gary Thompson will assume the role of Executive Chairman, stepping down as CEO. Mr. Gary Thompson, Executive Chairman stated, \"I am pleased to welcome Derek to this lead role on the Gold79 management team and was pleased to see his meaningful participation in our most recent private placement which places him as a significant shareholder of the Company at 3.1% of the basic shares outstanding and 6.2% on a partially-diluted basis. I look forward to working with Derek as we continue to advance Gold79's exciting gold projects.\"Mr. Derek Macpherson, President & CEO stated, \"I am excited to be joining a Company where management and insiders have demonstrated their commitment to the Company by being major shareholders. Insiders, including myself, hold 15.8% of the basic shares outstanding. We as a group believe there is significant value to unlock for our shareholders and we plan to work diligently to that end.\"Mr. Macpherson, continued, \"I believe that this is a pivotal time for the Company, as we work to embark on the Company's first drill program in a number of years. Additionally, recent sampling and mapping programs at our Gold Chain project in Arizona indicate a much larger mineralized system here than was first thought.\"Mr. Macpherson brings additional technical and capital markets experience to the Gold79 team. He has a Bachelor of Engineering and Management in Materials Science (Metallurgy) from McMaster University and a Master of Business Administration from the Schulich School of Business. Most recently he was Senior Vice President, Investment Banking at Red Cloud Securities Inc. and prior to that was Vice President, Mining Analyst at Red Cloud. Besides research his work at Red Cloud, particularly during its early years, his work included retail and institutional sales, and marketing. Preceding his 5 years at Red Cloud, he worked in mining equity research at both bank-owned and boutique Canadian investment banks, providing him 10 y...