WIN:CC - Windfall Geotek Announces Results of Annual General Meeting and Welcomes New Board Member
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire -December 22nd, 2023 - Windfall Geotek (TSX-V:WIN ) ( OTC:WINKF ) ( FSE:L7C2) a leader in the use of Artificial Intelligence (AI) withadvanced knowledge-extraction techniques since 2005 in the miningsector is pleased to announce that the shareholders approved all 6motions put forth at the AGM held on December 20th, 2023. The completeresults of the AGM will be available on the company’s SEDARprofile.
Additionally, Windfall Geotek Inc would like to welcomeDavid Beck to the Board of Directors. As recently announced David Beckhas also been appointed CEO of Windfall Geotek Inc. David Beck’scareer has focused on capital markets, turnarounds, and M&A,primarily in the technology sector and more recently in the miningsector. Mr. Beck is currently a Member of the Board of directors forthree public companies: DGTL-TSXV, ISD-TSXV, and LLM-CSE (prior fourpublic companies). Most recently, he was CFO of Advanced UnitedHoldings (AUHI-CSE), a junior mining company, in which he successfullycompleted two year-end audits. Prior to this, he was Chairman &CEO of 3Sixty Secure (SAFE-CSE), a 250-person physical securityservices company. Other experience includes public equity: Head ofTechnology Investment Banking at several boutique investment dealers,and consistently top-ranked technology Financial Analyst based in bothNew York City and Toronto; and private equity: Partner, Celtic HouseVenture Partners, and personal investments and advisory services to20+ private growth companies.
Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “I welcome Mr. Beck to the board, augmenting his role as CEO. Hisextensive experience identifying hidden value in businesses iscritical to supporting our next phase of growth as we execute on thedigital exploration mission of Windfall. ”
David Beck, CEO of Windfall Geotekcommented: “I am verypleased to join the board of Windfall Geotek. I consider thisappointment both as enabling my efforts on a go forward basis, and asa reflection of support from the current board. ”
About Windfall Geotek – Powered by Artificial Intelligence (AI)since 2005
Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary CARDSanalysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team thatincludes professionals in geophysics, geology, ArtificialIntelligence, and mathematics. It combinesavailable public and private datasets including geophysical, drillhole and surface data. The algorithms designed and employed byWindfall are calculated to highlight areas of interest that have thepotential to be geologically similar to other gold deposits andmineralization. The Company's objective is todevelop a new royalty stream by significantly enhancing andparticipating in the exploration success rate of mining and tocontinue the Land Mine detection application as a high priority. Windfall has played a part in numerous pastdiscoveries utilizing its methodology as described at: https://windfallgeotek.com/ .
For further information, please contact:
Email: info@windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company is availableunder Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSXVenture Exchange nor does its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptresponsibility for the adequacy or accuracy of this release.
FORWARD-LOOKINGSTATEMENTS: This news release contains forward-looking statements,which relate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and using information currentlyavailable to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees, andthey are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect newevents or circumstances. All forward-looking statements made in thispress release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.SEDAR.COM).
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