VANCOUVER, BC, Dec. 8, 2022
/CNW/ -- Angel Gold Corp. (TSX.V: ANG) ("Angel
Gold" or the "Company") announces that, subject to
the approval of the TSX Venture Exchange, it intends to change its
name to "Eon Lithium Corp." to better reflect the direction of the
Company's business. A new CUSIP and ISIN will be obtained.
Additional details on the effective date of the name change will be
provided in due course.
Additionally, Angel Gold is
pleased to announce the appointment of Fernando Erik Villarroel Alcocer as President,
Interim CEO and a director, effective November 30, 2022.
Mr. Villarroel has 12 years of experience in the mining industry
in Argentina with a focus on
Lithium process development. From 2009 to 2013 he worked with
Lithium Americas Corp. (Minera Exar
S.A.) as Project Manager which included construction
management and commissioning of the initial pilot evaporation
facilities and laboratory at the Cauchari Olaroz Lithium Project.
He has also acted as a consultant to Neo Lithium and International
Lithium Inc. Currently, he serves as Chief Operating Officer and
Director for Lithium South Development Corporation, managing the
exploration and development of the Hombre Muerto North Lithium
Project, located in Salta, Argentina. Mr. Villarroel is the founder of
Eon Minerals Inc., a technical laboratory located in Salta,
Argentina. Eon Minerals Inc. is
developing a patent pending absorbent and process for the
extraction of lithium from brines. He holds a degree in Industrial
Engineering and has specialized training in Data Modeling &
Analysis for Business and Engineering from M.I.T.
The Company also announces that Christopher P. Cherry has stepped down as the
Interim CEO of the Company, effective November 30, 2022. Mr. Cherry will remain
as Interim CFO and a director of the Company. The board of
directors of the Company thanks Mr. Cherry for his managing of the
recent acquisition of the Amanecer Lithium Project, located in
Argentina.
The Company also announces that Smythe LLP, Chartered
Professional Accountant (the "Former Auditor") has resigned
as auditor of the Company, and SHIM & Associates LLP (the
"Successor Auditor") of Vancouver,
BC, Canada, has been
appointed as the Company's Successor Auditor.
There were no reservations in the Former auditor's audit reports
for any financial period during which the Former Auditor was the
Company's auditor.
About Angel Gold Corp.
Angel Gold Corp. (name change to Eon Lithium Corp. pending) is a
lithium brine project and lithium extraction technology developer
located in Salta, Argentina. The
Company is evaluating the 2,500-hectare Amanecer Lithium Project
located in Salta Province,
Argentina. Through a development
agreement with Eon Minerals Inc. (a private Delaware corporation), the Company will be
testing a patent pending aluminum-based absorbent on brine from the
Amanecer Lithium Project. This new extraction technology may
provide higher recovery rates than conventional evaporation
technology currently employed on lithium operations in
Argentina.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains certain "forward-looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information
contained herein constitutes forward- looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made and are subject to a
variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward-looking statements. The reader is cautioned not to
place undue reliance on forward-looking statements. The transaction
described in this news release is subject to a variety of
conditions and risks which include but are not limited to
regulatory approval, shareholder approval, market conditions, legal
due diligence for claim validity, financing, political risk,
security risks at the property locations and other risks. As such,
the reader is cautioned that there can be no guarantee that this
transaction will complete as described in this news release. We
seek safe harbor.
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher P. Cherry
Interim CFO
chris@cherryconsulting.ca
350-594-2157
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content:https://www.prnewswire.com/news-releases/angel-gold-announces-proposed-name-change-to-eon-lithium-corp-board-of-directors-and-management-changes--change-of-auditor-301698109.html
SOURCE Angel Gold Corp.