BREAKING NEWS

    Africa Gold Group Strides in a Bid to the Formation of First Gold at its Flagship Kobada Gold Project in Southern Mali and Enhances the Corporation to Render Structural Modifications of Board of Directors and Management

    Posted On 17 Jun 2020
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    Comments: 10

    By Abdul Rahman Bangura–

    Photo Credit: Africa Gold Group

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The African Gold Group Inc., has published its transitions to the Board of Directors and management of the firm, as it changes positions towards the formation of first gold at its flagship Kobada Gold Project in southern Mali.

    Additionally, Danny Callow is being ordained as the President and Chief Executive Officer(CEO); Scott Eldridge is Non-Executive Chairman of the Board; Jan-Erik Back is Vice-Chairman, Strategy of the Board; John Begeman is lead Independent Director of the board. The proposed modification in the corporation ’s name is Avion2 Gold Inc.

    Callow who was presently serving before now as Chief Operating Officer of the company, is an individual with a wealth of experience in mining engineering from the Camborne School of Mines with an MBA from the Henley Management College, UK. Eldridge has administered as Vice-President finance and Chie Financial Officer of Amarillo Gold Corp, President and CEO of Arctic Star Exploration Corporation and is Chie Executive Officer of Canarc Resource Corporation.

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    “We are very delighted to be endorsing the restructuring of AGG at a time when we are ready to roll to the construction phase of our flagship Kobada Gold Project,” noted Stan Bharti, outgoing Chairman and CEO of AGG.

    “We are fixing AGG to be the second multi-asset gold producer in Africa, and have the benefit of this new Board’s enormous knowledge to take this Company into production. We now have a top-class operating team led by Danny Callow who has built and operated a number of mines in Africa over the past twenty-eight years, most recently running Glencore’s African Copper and Cobalt division, and who has fast-tracked Kobada into being construction ready in a few short months.”

    Pierre Pettigrew will remain on the Board as an Independent Director. Ryan Ptolemy will relinquish as an Executive Director but will stay as Chief Financial Officer of the Company. The Company would like to thank Mr. Ptolemy for his contributions as a Director of the Board.

    The company’s recommended name change is subject to shareholder authorization at the following annual general meeting of shareholders of the company, regulatory approval, and TSX Venture Exchange approval.

     

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    About the Author
    New Africa Business News Staff Correspondent
    1. Sekou June 17, 2020 at 2:10 am Reply

      Your reports about business in our Continent is wonderful. You are reporting what they are not reporting. Love your newspaper. Paris, France. Sekou.

    2. Baba June 17, 2020 at 2:20 am Reply

      Thank you for your reports. The continent have great potential to lift millions of our people from poverty, through business. Sound business policies. Bissau GUINEA BISSAU. Baba.

    3. Amanda June 17, 2020 at 2:29 am Reply

      Thank you for signing me to new Africa news newsletter. I enjoy catching up with your daily reports. London England. Amanda.

    4. Tesfaa June 17, 2020 at 2:36 am Reply

      Time for Africa be one Country. Our continent have to be a one country again. One Africa and one people. Thanks for all your reporting. Addis Ababa, Ethiopia . Tesfaa.

    5. Nayna June 17, 2020 at 3:05 am Reply

      Thank you for all your reporting and thank to African Union for all the great work. Gaborone BOTSWANA. Nayna.

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