Gold Standard Announces completion of CEO Succession with the Appointment of Jason Attew as President and CEO
December 02 2020 - 8:51AM
Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold
Standard” or the “Company”) is pleased to announce that a CEO
succession plan has been finalized. Jonathan Awde will be handing
over the role of President and CEO to Jason Attew who will be
joining the Company on December 2, 2020.
Mr. Awde stated: "I am very pleased that Jason
has agreed to lead our company going forward as we advance the
South Railroad feasibility study, build out and fortify our team
while advancing all aspects of our projects with the goal of
becoming a low-cost producer in Nevada. The Company now
requires an executive with specific skill sets and based upon
Jason's career experience and my familiarity with what he can bring
to the table, I am confident that he will advance Gold Standard to
producer status, and beyond, efficiently, effectively and
professionally. It was a difficult decision for me to
step aside as I founded, grew the Company’s assets and led the team
over the last decade. I am extremely confident in
Jason’s abilities and believe we have found a very strong and
experienced successor, who I believe is the best candidate to build
on the Company’s foundation and achieve impressive new levels of
success for it in the coming years."
Mr. Attew is a mining industry veteran who has
dedicated over 25 years to the mining sector. Jason most
recently served as the Chief Financial Officer at Goldcorp Inc.
(“Goldcorp”) where, in addition to leading the finance, capital
management and investor relations functions, he was also
responsible for Goldcorp’s corporate development and strategy
culminating in the US$32 billion merger with Newmont Mining Corp.
In addition, Jason has extensive capital markets expertise from his
time in investment banking where he was at the forefront of
structuring and raising significant growth capital for companies
like Gold Standard as well as advising on both formative and
transformational mergers and acquisitions for corporations that
have become industry leaders over the past two decades.
Mr. Attew stated: "I was approached by Jonathan
several months ago about becoming the new leader of Gold
Standard. As a result of having favourably reviewed the
Company and its projects while I was at Goldcorp, I already knew
that this Company and its Nevada properties were very
special. Nevertheless, I undertook further due diligence
with respect to the Company, its projects, and prospects for which
I continue to be highly impressed. The land
acquisitions, the geological, exploration and engineering work to
date under Jonathan's leadership have been excellent and I am
fortunate to have been recruited to take the Company and its
projects forward. I am thankful for the trust of
Jonathan and the Gold Standard board and I am keen to get to
work."
Bruce McLeod, lead director of Gold Standard,
said: "Jonathan Awde has been impressive and tireless as he
created, financed and promoted Gold Standard. He
recruited, motivated and guided the highly capable and professional
team that assisted him in acquiring, financing and advancing the
Company’s properties in Nevada. He has also been the key
strategist for Gold Standard and this has been central to the
Company’s successes to date. Jonathan has also been the point man
for our investor base and has created a great deal of potential
wealth for shareholders, wealth which will be realized well into
the future. Now he has been the key liaison in a
recruitment process that will see leadership of our Company pass
smoothly to a new CEO. Jason has exceptional skills and
experience as a mining executive and his capital markets expertise
make him a worthy successor to our seminal achievements under
Jonathan Awde. It is a testimony to Jonathan's vision
and to his selfless dedication to the advancement of Gold Standard
that he initiated and drove Jason's recruitment and that he is
facilitating a transition that will allow Jason to hit the ground
running. Our Company is lucky, both in having had
Jonathan as its founder and leader, and in having secured Jason as
our new leader. Our board is very grateful for the
outstanding achievements under Jonathan's leadership and we are
delighted with our extraordinary prospects for continuing success
under Jason's hand."
Mr. Awde will continue his support of the
Company as a member of the Board of Directors.
In connection with his appointment as President
and CEO, Mr. Attew has subscribed for 1,000,000 common shares of
the Company at a price per share of C$0.854, which represents the 5
day volume weighted average price (“VWAP”) immediately preceding
this announcement for aggregate proceeds of C$854,000 through a
non-brokered private placement with the Company (the “Share
Purchase”).
Mr. Attew is considered a “related party” of the
Company, and the Share Purchase constitutes a “related party
transaction” within the meaning of Multilateral Instrument 61-101 –
Take-over Bids and Special Transactions (“MI 61-101”). The Share
Purchase is exempt from the formal valuation and the minority
approval requirements of MI 61-101 as the fair market value of the
consideration for the Share Purchase does not exceed 25% of the
Company’s market capitalization. All of the terms and conditions of
the Share Purchase, along with other matters relating to the CEO
succession plan were reviewed and approved by the board of
directors of the Company on December 2, 2020 (with Awde abstaining,
due to his interest in the CEO succession plan).
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. All statements, other than statements of
historical fact, included herein including, without limitation, the
advancement of the South Railroad feasibility study, the build out
and fortification of the Company’s team and the advancement of
projects with the goal of becoming a low-cost producer in Nevada,
are forward looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Risk factors
affecting the Company include, among others: the results from our
exploration programs, global financial conditions, the current
outbreak of the novel coronavirus (COVID-19), and volatility of
capital markets, uncertainty regarding the availability of
additional capital, fluctuations in commodity prices; title
matters; and the additional risks identified in our filings with
Canadian securities regulators on SEDAR in Canada (available at
www.sedar.com) and with the SEC on EDGAR (available at
www.sec.gov/edgar.shtml).
These forward-looking statements are made as of
the date hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances.
FOR FURTHER INFORMATION PLEASE CONTACT: Jason
Attew President Tel: 778-589-8898 Email:
info@goldstandardv.comWebsite: www.goldstandardv.com
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