(TheNewswire)
Vancouver, B C - TheNewswire - June 13, 2023 - Westward Gold Inc. (CSE:WG ) ( OTC:WGLIF ) ( FSE:IM50) ( “Westward” or the “Company” ) is pleased toannounce the appointment of Mr. Allan (“Al”) Fabbro to theCompany’s board of directors as an Independent Director.
Mr. Fabbro is a 40-year veteran of the finance and mining industries,and currently serves as President, CEO and Lead Director of MidnightSun Mining Corp. (TSX-V: MMA). From 1984 to 1990, he led the retailtrading department of Yorkton Securities, followed by six years withtheir Natural Resources Group. Mr. Fabbro subsequently joinedCanaccord Capital as an Investment Advisor, a role he held for adecade. More recently, Al was also Co-Founder and Lead Director ofRoxgold Inc., which was named the top company on the TSX Venture 50and raised in excess of $60 million in equity financing during histenure. Roxgold was acquired by Fortuna Silver Mines in 2021 in a dealvalued at ~C$1 billion.
Following his tenure at Canaccord Capital, Mr. Fabbro became Presidentof American Consolidated Minerals Corp. ( “ACM” ) in 2009. At that time,ACM owned – and was actively exploring – the Toiyabe Gold Projectin Lander County, Nevada ( “Toiyabe” ), now Westward’s flagship property. Under Mr.Fabbro’s leadership, prior to ACM’s acquisition by StarcoreInternational Mines Ltd. in 2014, some of the most significantdrilling campaigns were conducted at Toiyabe.
Mr. Al Fabbro, incoming Director, commented: “I’ve been intriguedby what the Westward team has been able to accomplish at Toiyabe, thefresh approach they’ve taken to its exploration, and the regionalconsolidation. I’m pleased that the property is getting theattention it deserves, and grateful for the opportunity to be involvedin its development once again. I’ve always felt like I had someunfinished business here.”
Westward also announces the resignation of Mr. Johnathan Dewdney fromthe board of directors. The Company would like to extend its gratitudeto Mr. Dewdney for his long-tenured work and wishes him the best infuture endeavours.
Colin Moore, Westward President and CEO, commented: “On behalf ofmanagement and the board of directors I would like to thank John forhis tireless efforts supporting the Company over the last many years.He was a key contributor to the transactions that led to our currentasset portfolio in Nevada, fundraising efforts, and overall corporatestrategy. I would also like to extend a warm welcome to Mr. Al Fabbro,whose personal knowledge of Toiyabe and experienced industryleadership will serve us immensely moving forward.”
Option Grant
In addition, the Company announces that it has granted an aggregate of600,000 stock options (the “Options” ) to Mr. Al Fabbro and Mr. Terry Salman. Mr.Salman was recently appointed as Strategic Advisor to the Company (seepress release dated March 27, 2023). The Options, which vestimmediately, are exercisable at a price of $0.15 per share for aperiod of five (5) years from the date of grant.
About Westward Gold
Westward Gold is a mineral exploration company focused on developingthe Toiyabe, Turquoise Canyon, and East Saddle Projects located in theCortez Hills area of Lander County, Nevada, and the Coyote and RossiProjects located along the Carlin Trend in Elko County, Nevada. Fromtime to time, the Company may also evaluate the acquisition of othermineral exploration assets and opportunities.
For further information contact:
Colin Moore
President, CEO & Director
Westward Gold Inc.
colin@westwardgold.com
www.westwardgold.com
The Canadian Securities Exchange hasneither approved nor disapproved the contents of this news release.The Canadian Securities Exchange does not accept responsibility forthe adequacy or accuracy of this news release.
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