Cerrado Gold Inc. (TSX.V: CERT)(OTCQX:CRDOF) has appointed Andrew Croal as Chief Technical Officer. With 40 years of experience in global mining of gold and base metals, Mr. Croal brings a wealth of knowledge to the company. His previous senior roles in both large and small mining firms showcase his expertise in the industry. In conjunction with his appointment, the company has granted 250,000 restricted share units (RSUs) to Mr. Croal, vesting over a two-year period.
Furthermore, Cerrado Gold has engaged German Mining Networks GmbH (GMN) for investor relations services, particularly targeting European investors. The initial three-month agreement involves a fee of C$6,800 per month, with potential extensions.
Positive
- Appointment of experienced mining professional Andrew Croal as Chief Technical Officer
- Engagement of German Mining Networks GmbH for investor relations services to expand European investor base
Negative
- Issuance of 250,000 RSUs may lead to potential dilution of existing shareholders
TORONTO, ON / ACCESSWIRE / October 7, 2024 / Cerrado Gold Inc. (TSX.V: CERT)(OTCQX:CRDOF) (“Cerrado” or the “Company”) has appointed Andrew Croal as Chief Technical Officer.
Mr. Croal is a Mining Engineer with 40 years of global mining experience in gold and base metal commodities. He has worked in Canada, South America, Africa, Australia, and Papua New Guinea, holding key roles in firms like Rosebel, Detour Gold, and Buzwagi. Andrew’s expertise includes mine planning, control, reporting, and evaluation, emphasizing safety throughout the mining cycle. For his appointment, Cerrado Gold has issued 250,000 restricted share units (“RSUs”), vesting over two years.
Additionally, the Company has entered into an engagement with German Mining Networks GmbH (“GMN”) for investor relations services, focusing on European investors. The initial three-month agreement involves a fee of C$6,800 per month.
Additional Insight
Andrew Croal’s Industry Expertise
Andrew Croal’s extensive experience in global mining operations brings a valuable perspective to Cerrado Gold, enhancing the Company’s technical capabilities and strategic decision-making.
Expanding Investor Reach in Europe
The partnership with German Mining Networks GmbH reflects Cerrado Gold’s initiative to diversify its investor base and strengthen its presence in the European market, potentially attracting new investment opportunities.
FAQ
Who is Andrew Croal and what is his new role at Cerrado Gold (CRDOF)?
Andrew Croal is a Mining Engineer with 40 years of global mining experience who has been appointed as the new Chief Technical Officer of Cerrado Gold (CRDOF).
What compensation did Cerrado Gold (CRDOF) offer to Andrew Croal upon his appointment?
Cerrado Gold (CRDOF) issued 250,000 restricted share units (RSUs) to Andrew Croal, vesting over two years, as part of his appointment package.
What investor relations agreement did Cerrado Gold (CRDOF) enter into on October 7, 2024?
Cerrado Gold (CRDOF) entered into an agreement with German Mining Networks GmbH (GMN) to provide investor relations services, focusing on marketing the company to European investors.
What are the terms of Cerrado Gold’s (CRDOF) agreement with German Mining Networks GmbH?
The agreement with German Mining Networks GmbH is for an initial term of three months, with a fee of C$6,800 per month, and the possibility of extension by mutual agreement.
Cerrado Gold Inc. (TSX.V: CERT)(OTCQX:CRDOF) has appointed Andrew Croal as Chief Technical Officer. With 40 years of experience in global mining of gold and base metals, Mr. Croal brings a wealth of knowledge to the company. His previous senior roles in both large and small mining firms showcase his expertise in the industry. In conjunction with his appointment, the company has granted 250,000 restricted share units (RSUs) to Mr. Croal, vesting over a two-year period.
Furthermore, Cerrado Gold has engaged German Mining Networks GmbH (GMN) for investor relations services, particularly targeting European investors. The initial three-month agreement involves a fee of C$6,800 per month, with potential extensions.
Positive
- Appointment of experienced mining professional Andrew Croal as Chief Technical Officer
- Engagement of German Mining Networks GmbH for investor relations services to expand European investor base
Negative
- Issuance of 250,000 RSUs may lead to potential dilution of existing shareholders
TORONTO, ON / ACCESSWIRE / October 7, 2024 / Cerrado Gold Inc. (TSX.V: CERT)(OTCQX:CRDOF) (“Cerrado” or the “Company”) has appointed Andrew Croal as Chief Technical Officer.
Mr. Croal is a Mining Engineer with 40 years of global mining experience in gold and base metal commodities. He has worked in Canada, South America, Africa, Australia, and Papua New Guinea, holding key roles in firms like Rosebel, Detour Gold, and Buzwagi. Andrew’s expertise includes mine planning, control, reporting, and evaluation, emphasizing safety throughout the mining cycle. For his appointment, Cerrado Gold has issued 250,000 restricted share units (“RSUs”), vesting over two years.
Additionally, the Company has entered into an engagement with German Mining Networks GmbH (“GMN”) for investor relations services, focusing on European investors. The initial three-month agreement involves a fee of C$6,800 per month.
Additional Insight
Andrew Croal’s Industry Expertise
Andrew Croal’s extensive experience in global mining operations brings a valuable perspective to Cerrado Gold, enhancing the Company’s technical capabilities and strategic decision-making.
Expanding Investor Reach in Europe
The partnership with German Mining Networks GmbH reflects Cerrado Gold’s initiative to diversify its investor base and strengthen its presence in the European market, potentially attracting new investment opportunities.
FAQ
Who is Andrew Croal and what is his new role at Cerrado Gold (CRDOF)?
Andrew Croal is a Mining Engineer with 40 years of global mining experience who has been appointed as the new Chief Technical Officer of Cerrado Gold (CRDOF).
What compensation did Cerrado Gold (CRDOF) offer to Andrew Croal upon his appointment?
Cerrado Gold (CRDOF) issued 250,000 restricted share units (RSUs) to Andrew Croal, vesting over two years, as part of his appointment package.
What investor relations agreement did Cerrado Gold (CRDOF) enter into on October 7, 2024?
Cerrado Gold (CRDOF) entered into an agreement with German Mining Networks GmbH (GMN) to provide investor relations services, focusing on marketing the company to European investors.
What are the terms of Cerrado Gold’s (CRDOF) agreement with German Mining Networks GmbH?
The agreement with German Mining Networks GmbH is for an initial term of three months, with a fee of C$6,800 per month, and the possibility of extension by mutual agreement.
