Breaking Mining Stock News:
Getchell Gold Corp. (CSE: $GTCH.CN) (OTCQB: $GGLDF) Welcomes New Chairman Bob
Bass and Announces Change of Directors; @getchell_gold
VANCOUVER, BC - February 28, 2024
(Investorideas.com Newswire) Getchell Gold Corp. (CSE: GTCH)
(OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or
the "Company") warmly welcomes Robert (Bob) Bass as a Director and
the new Chairman of the Board of Directors. Mr. Bass is a well-recognized and
respected labor relations senior negotiator and spokesperson leading a
distinguished career spanning decades. Celebrated as a key figure in his field,
Mr. Bass has been instrumental in negotiations and arbitration for a wide array
of major public sector entities, including the Metropolitan Toronto School
Board, the Ontario Hospital Association, hospitals, police services,
universities, nursing homes, and government.
Read this news featuring Getchell in full
at https://www.investorideas.com/news/2024/02281GTCH-New-Chairman-Bob-Bass.asp
Mr.
Bass is an astute investor with a lengthy history and knowledge of investing in
mining and mineral exploration. Mr. Bass's increasing ownership position in the
Company, highlighted by his recent participation in the Company's debenture
financing (Company news release dated Jan. 29, 2024), underscores his significant
investment and belief in Getchell's ability to successfully advance its
Nevada-based Fondaway Canyon Gold project.
Getchell Gold Corp. CEO and previous Chairman, Bill Wagener,
expressed his enthusiasm for Mr. Bass's appointment stating, "Bob was one
of the founders of Getchell when we started out as a private company. He has
been a continuous and longtime supporter, and we are thrilled to welcome him to
the helm of Getchell Gold Corp. His leadership, business acumen, and extensive
network of contacts are precisely what we need to propel the recognition and
valuation of the Company and the Fondaway Canyon Gold project. Bob's talents
and dedication speak volumes, and we are confident in his ability to guide
Getchell towards greater success."
Upon his appointment, Mr. Bass stated, "I am fully
committed to take on the role of Chairman at Getchell Gold Corp. and motivated
by the immense potential of the Fondaway Canyon Gold project, located in the
world-class mining jurisdiction of Nevada. I believe that with our combined
efforts, we can unlock great value for the Company and our shareholders. My
confidence in this venture is unwavering, and I look forward to guiding the
Company towards achieving its strategic goals."
In
addition to Mr. Bass' appointment, the Company is pleased to welcome his son,
Chris Bass, to its Board of Directors. Chris is a seasoned entrepreneur with
significant experience in healthcare. He currently serves as the CEO of
InventoRR MD Inc., where he has been pivotal in the development and success of
the company's revolutionary flagship medical device, AbClo. These leadership
changes underscore Getchell's commitment to continuous improvement and strong
corporate governance, positioning the Company for long-term success.
In connection with the Director appointments, the Company has
granted 1,000,000 stock options to Directors under the Company's 2022 stock
option plan. Each option is exercisable into one common share of the Company at
a price of $0.15 per share for a period of 5 years from the date of grant.
Additionally, the Company has granted its investor relations consultant, Fred
Cooper, 250,000 stock options on the same terms.
With the addition of Bob and Chris Bass, the Directors,
Officers, and Management of Getchell Gold Corp. now own 20.4% of the Company on
a partially-diluted basis.
In light of these new additions, Jim Mustard has resigned as a
Director to the Company and will assume the role as an advisor and consultant
to the Company. Jim is a well-respected capital markets and mining professional
and the Company welcomes his continued contribution. In addition, Jerry Bella
has resigned as a Director to the Company. The Company thanks Jerry for his
efforts and wishes him the best in his future endeavours.
The
Company further announces that it intends to enter into a debt settlement
agreement with a bona-fide creditor of the Company to settle outstanding
indebtedness in the aggregate amount of $3,000 (the "Debt") in
exchange for the issuance of 23,100 common shares of the Company (the
"Shares") at a price of $0.13 per Share. The Shares issued by the
Company will be subject to a four-month hold period and the Debt settlement
remains subject to Canadian Securities Exchange acceptance.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration
company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is
primarily directing its efforts on its most advanced stage, 100% owned,
Fondaway Canyon gold project, a past gold producer with a large mineral
resource estimate. Complementing Getchell's asset portfolio are the 100% owned;
Dixie Comstock, a past gold producer with a historic resource and two earlier
stage exploration projects, Star (Cu-Au-Ag), and Hot Springs Peak (Au)
projects. Fondaway Canyon and Dixie Comstock properties are located in
Churchill County, Nevada.
For further information please visit the Company's website at www.getchellgold.com or
contact the Company at info@getchellgold.com.
The Canadian Securities Exchange has not
reviewed this press release and does not accept responsibility for the adequacy
or accuracy of this news release.
Certain
information contained herein constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
issuance of shares and options to WA Group LLC, and the use of proceeds from
the Unit Financing. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "will" or variations
of such words and phrases or statements that certain actions, events or results
"will" occur. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and they
are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results to be materially different from those expressed or
implied by such forward-looking statements or forward-looking information.
Although management of Getchell have attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The Company will
not update any forward-looking statements or forward-looking information that
are incorporated by reference herein, except as required by applicable
securities laws.
SOURCE Getchell Gold Corp.
Getchell
Gold (CSE:GTCH.CN;OTCQB:GGLDF)
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