VANCOUVER, BC: It seems the Freeman Gold Corp. is up for sale as Mr. Paul Matysek has been appointed as the company’s Executive Chairman, a news release said.
Mr. Matysek’s unique qualifications, experience and unprecedented string of successful transactions in the mining sector will create value for the company as it advances its Lemhi Gold Project.
Mr. Paul Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry.
Since 2004, as either CEO or Executive Chairman, Mr. Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.
Most recently in June 2021, as Chief Executive Officer, he sold Gold X Mining Corp. to Gran Colombia Gold Corp. for over $250 million in an all-share transaction. In March 2018, as Executive Chairman, he sold Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong Limited for $265 million in cash.
Earlier, in July 2016, Mr. Paul Matysek, as President and CEO, sold Goldrock Mines Corp. to Fortuna Silver Mines Inc. He was also previously CEO of Lithium One Inc., which merged with Galaxy Resources Limited of Australia to create a multi-billion-dollar integrated lithium company.
He served as CEO of Potash One Inc., which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million in 2004 to approximately $1.8 billion when sold in 2007.
Mr Matysek commented: “I am very pleased to join Freeman Gold as its Executive Chairman. The Lehmi Gold Project’s location, grade and exploration potential create a unique and timely opportunity to realize deep value for mid-tier developers and producers. Working with the board and management of the Company, I am devoting considerable time, energy and capital on this Project.
I firmly believe that together we can unlock significant asset value by updating the metallurgy, upgrading and expanding the mineral resources, securing necessary permits and advancing the Company’s socioeconomic initiatives.”
Mr. Will Randall stated: “Freeman Gold’s management is excited that Paul has agreed to move from his position on the Advisory Board to the role of Executive Chairman. I am confident that all investors in Freeman Gold will benefit from the addition of his energy, experience and expertise to the Company’s executive team.”
Mr. Ronald Stewart has resigned from the Board of Directors effective immediately. The Company wishes to thank Mr. Stewart for his contributions to the Company during his time as a director.
The Company is also announcing a non-brokered private placement of up to 11,538,462 units at a price of $0.26 per Unit for gross proceeds of up to $3 million.
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