Newmont Goldcorp Director, Mr. Joseph Carrabba, Acquires 16.8% Ownership in Winston Gold
May 08 2019 - 7:00AM
Winston Gold Corp. (“
Winston
Gold” or the “
Corporation”) (CSE: WGC)
(OTCQB: WGMCF) is pleased to announce that Mr. Joseph A. Carrabba,
a Strategic Advisor to the Company, now holds 16.8% of Winston Gold
Mining’s issued and outstanding shares. As a result, Mr. Carrabba
is now considered an insider of the company.
Mr. Carrabba has over 42 years of management and
operational experience in the resource industry. He currently sits
on several company boards including Newmont Goldcorp Corporation,
where he acts as the Chair of their Safety and Sustainability
Committee. He was formerly the Chairman, President, and CEO of
Cliffs Natural Resources Inc; and has also served as President and
CEO of Diavik Diamond Mines.
Mr. Carrabba spent much of his career working
for multinational mining operations in North America, Australia,
Latin America and Asia. His wide range of experience also includes
working on Health and Safety and Environmental and Social
Responsibility committees. He is currently the Chair of Newmont’s
Safety and Sustainability Committee and a member of the
Compensation Committees of Aecon and Timken Steel.
“I took on the role of Strategic Advisor, for
Winston Gold in November 2017 because I believed in the potential
of the high-grade Winston gold project near Helena, Montana.
My opinion has not changed since that time, in fact, I am now even
more excited about the future of this project,” commented Mr.
Carrabba.
Mr. Murray Nye, CEO and Director of Winston Gold
states: “Mr. Carrabba has proven to be a valuable addition to our
team and we look forward to working together to advance the Winston
Gold Project towards the next stage of underground
development."
Winston Gold is a junior mining company focused
on advancing high-grade, low cost mining opportunities into
production. Towards that end, the Corporation has acquired an
underexplored and under-exploited gold/silver mining opportunity,
being the Winston Gold project near Helena, Montana.
ON BEHALF OF THE BOARD OF DIRECTORS OF
THE CORPORATION
For further information, please contact
Murray Nye, Chief Executive OfficerSuite 201-919
Notre Dame Avenue, Winnipeg, Manitoba, R3E 0M8 CanadaTelephone:
(204) 989-2434 E-mail: murray@winstongold.com
The CSE has neither approved nor
disapproved the information contained herein.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Forward-Looking Information
This release includes certain statements that
may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
events or developments that Winston Gold Corp. (the "Company")
expects to occur, are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include
regulatory actions, market prices, exploitation and exploration
successes, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
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