(TheNewswire)
Vancouver, British Columbia – TheNewswire – March 15, 2024- Gold Basin ResourcesCorporation (the "Company" or "Gold Basin") –(TSXV:GXX ) , ( OTC:GXXFF) todayannounced the appointment of Anthony Balic and Michael Povey to theboard of directors of the Company (the " Board "), with Mr. Balic beingappointed as an independent director. In connection with theappointments of Messrs. Balic and Povey, Jonathan Lotz, John Robinsand Jim Paterson have resigned as directors of the Company. Following the reconstitution of the Board, the Board is nowcomprised of four (4) directors, of which two (2) are independent.
Colin Smith, Chief Executive Officer of the Company,commented, "We areexcited to welcome Michael Povey back to Gold Basin as a director,and also welcome Anthony Balic to the Company. We are appreciativeof the contributions of Messrs. Lotz, Robins, Paterson, and theDiscovery Group and wish all parties well in their futureendeavours."
The Company expects that the newly appointed directors,along with incumbent directors Charles Straw and Grant Duddle, willall stand for election at the upcoming annual general and specialmeeting of shareholders of the Company.
Anthony Balic – Director
Mr. Balic is a Chartered Professional Accountant (CPA)and is a Principal of Katuni Capital Corp., a private companyproviding corporate finance, accounting and capital advisory servicesto private and public companies. Mr. Balic serves as a directorand/or officer to a number of junior public companies in the naturalresource sector and was previously a senior manager at Deloitte LLP,where he specialized in assurance and advisory services for publiclylisted mining companies based both in Canada and the UnitedStates.
Michael Povey – Director
Mr. Povey is a mining engineer, who previously servedas the Chief Executive Officer and a director of the Company, withover 40 years of worldwide experience in the resource sector in a widerange of commodities. He has held senior management positions invarious public companies including Rio Tinto and Anglo American, withsurface and underground mining operations in Africa, North America,and Australia. Over the past 20 years, Mike has held positions asChairman, Managing Director, and Technical Director of several ASX andAIM listed companies where he has led project acquisitions,exploration programs, JV negotiations and equity raisings. Mike is aChartered Engineer and a Member of the Australian Institute of Miningand Metallurgy and holds a number of Certificates of Competency,including a West Australian Mine Managers Certificate.
APPOINTMENT OF NEW CHIEF FINANCIALOFFICER
The Company also announces the appointment of Mark Lotzas the Chief Financial Officer and Corporate Secretary of the Company. Mr. Lotz holds a Bachelor’s degree in Business Administration witha joint major in Economics. He is a Chartered ProfessionalAccountant with 26 years of post-qualification experience and hasextensive experience in the capital markets across a broadcross-section of industries including SaaS (software as a service),manufacturing, mining, technology, and financial services. Mr. Lotzhas held CFO and other senior financial positions with severalwell-known mining and exploration companies. He has also served as asenior executive officer in the securities brokerage industry. Priorto that, he served as a securities regulator, following his tenure atCoopers & Lybrand where he focused on the mining and taxsectors.
Mr. Lotz replaces Monty Sutton as Chief FinancialOfficer and Jacqueline Collins as Corporate Secretary, respectively.
ABOUT GOLD BASIN RESOURCES CORPORATION
Gold Basin Resources Corporation isadvancing the 42 km 2 GoldBasin Project, located in the tier one mining jurisdiction of MohaveCounty, Arizona. Gold Basin is accessible year-round via a1.5-hour-drive on I-93 Highway southwest of Las Vegas, and high-powerelectrical lines from the Hoover Dam crosscut the southern Projectarea. The immediate focus of Gold Basin's highly experiencedtechnical team is to expand and delineate multiple at-surface oxidegold deposits and prove the project's district-scale potential. Forfurther information, please visit the Company's web site at: www.goldbasincorp.com .
On Behalf of the Board of Directors
Colin Smith
Chief Executive Officer
For further information, pleasecontact:
Michael Rapsch
Investor Relations
Email: mrapsch@goldbasincorp.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release.
FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statementsand forward-looking information (collectively, "forward lookingstatements") within the meaning of applicable Canadian and U.S.securities legislation. All statements, other than statements ofhistorical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable,it can give no assurance that such expectations will prove to becorrect. Forward-looking statements are typically identified bywords such as: "believes", "expects","anticipates", "intends", "estimates","plans", "may", "should","would", "will", "potential","scheduled" or variations of such words and phrases andsimilar expressions, which, by their nature, refer to future events orresults that may, could, would, might or will occur or be taken orachieved. Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of the Company to differmaterially from any future results, performance or achievementsexpressed or implied by the forward looking information. Such risksand other factors include anticipated business plans, direction andtiming of future activities of the Company, the ability of the Companyto obtain sufficient financing to fund its business activities andplans, delays in obtaining governmental and regulatory approvals(including of the TSX Venture Exchange), permits or financing, changesin laws, regulations and policies affecting mining operations,currency fluctuations, title disputes or claims, environmental issuesand liabilities, risks relating to epidemics or pandemics such asCOVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations, changes inlaws, regulations and policies affecting mining operations, titledisputes, the inability of the Company to obtain any necessarypermits, consents, approvals or authorizations, the timing andpossible outcome of any pending litigation, environmental issues andliabilities, and risks related to joint venture operations, and otherrisks and uncertainties disclosed in the Company's continuousdisclosure documents. All of the Company's Canadian publicdisclosure filings may be accessed via www.sedarplus.ca and readersare urged to review these materials.
Readers are cautioned not to place undue reliance onforward-looking statements. The Company does not undertake anyobligation to update any of the forward-looking statements in thisnews release or incorporated by reference herein, except as otherwiserequired by law.
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