|Thu Dec 21, 2017|
Former CFO of Goldcorp and Past President of Eldorado Gold Join the Board of Columbus Spin-out ALLEGIANT
Vancouver, BC, Canada, December 21, 2017 -- Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) is pleased to announce that Columbus spin-out Allegiant Gold Ltd. has strengthened its Board of Directors with the appointments of Russell Ball and Norm Pitcher as Independent Directors. Mr. Ball recently served as the Chief Financial Officer of Goldcorp and prior to that as Chief Financial Officer of Newmont. Mr. Pitcher is a former President of Eldorado Gold Corporation.
“We’re extremely pleased to announce the appointments of Mr. Ball and Mr. Pitcher to ALLEGIANT’s Board of Directors,” said Robert Giustra, Chairman and CEO of Columbus. “ALLEGIANT’s ability to attract such well-regarded individuals to its management team speaks to the high-quality and compelling aspect of its property portfolio and general business strategy.”
About the Independent Directors
About Columbus Gold
ON BEHALF OF THE BOARD,
Robert F. Giustra
This release contains forward-looking information and statements, as defined by law including, without limitation, Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward--looking statements"), respecting Columbus’ plans to spin-out its subsidiary Allegiant Gold Ltd., which is intended to be listed on the TSX Venture Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain regulatory approval regarding the spin-out or failure to obtain TSX-V approval to list Allegiant. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approvals and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and Columbus undertakes no obligation to update any of the foregoing except as required by law.
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