ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

NCG

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:NCG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

North Country Gold Corp. Announces Changes in Management and Non-Brokered Private Placement

04/02/2014 8:15pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


North Country Gold Corp. (TSX VENTURE:NCG) (OTCQX:NCGDF) ("North Country" or the
"Company") is pleased to announce that Mr. Brian Budd has been appointed to the
Board of Directors in conjunction with his being promoted to President after
serving as Vice President of Corporate Development. The Founder and former
President of the Company, John Williamson, will remain as Chairman, CEO and
Director.


"Brian has demonstrated the highest degree of integrity while tirelessly
promoting North Country Gold Corp and our flagship Three Bluffs Project as it
has developed into a high-grade gold deposit", stated Mr. Williamson, "His
leadership will be key as we work toward a Preliminary Economic Assessment and
redouble efforts to attract investors with our strategy to emphasize operations
that will be sustainable in volatile markets and economic conditions." 


Mr. Budd has an extensive management background with over 25 years of
entrepreneurial and sales leadership experience in the resource and high tech
industries. In addition to his role as Vice President of Corporate Development,
Mr. Budd has served the Company as Corporate Secretary and Director. He has also
served as a Director for Graphite One Resources Inc. and as CEO and Director for
Altiplano Minerals Ltd. 


Grant of Options

In conjunction with this change in management, the Board of Directors has
granted 800,000 stock options in aggregate to Mr. Budd and to Mr. Peter
Kleespies, the Vice-President of Exploration and Qualified Person for the
Company. The stock options were granted in accordance with the Company's stock
option plan and are exercisable for five years at a price of $0.15 per common
share.


Financing

The Company also intends to complete a non-brokered private placement (the
"Private Placement") of up to 10,000,000 common shares of the Company ("Common
Shares") at a price of $0.05 per share, to raise gross proceeds of up to
approximately $500,000. The Company intends to use the gross proceeds of the
Common Shares for general working capital.


Closing of the Private Placement is anticipated to occur on or before February
28, 2014 and is subject to receipt of applicable regulatory approvals, including
approval of the TSX Venture Exchange. The Common Shares will be subject to a
four month hold period following the closing date in accordance with applicable
Canadian securities laws.


This news release does not constitute an offer to sell or a solicitation to buy
such securities in the United States. The securities have not been and will not
be registered under the U.S. Securities Act of 1933, as amended (the "1933
Act"), or under any state securities laws, and may not be offered or sold,
directly or indirectly, or delivered within the United States or to, or for the
account or benefit of, U.S. persons (as defined in Regulation S under the 1933
Act) absent registration or an applicable exemption from the registration
requirements.


About North Country Gold Corp. 

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt
located 180kilometres ("km") northeast of Agnico Eagle's Meadowbank gold mine in
Nunavut Canada. It is one of the largest under-explored greenstone belts in
Canada with numerous drill-ready high-grade gold targets. The Company holds a
100% interest in 339,240 acres along the 300km long belt and has identified 5
distinct exploration centres with numerous high-grade gold drill intercepts.
North Country operations are currently focused on advancement of the Three
Bluffs deposit, which is geologically comparable, with similar grades, type of
mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposits.
(Please see the Company's announcement on January 22, 2014.)


On behalf of the Board of Directors,

North Country Gold Corp. 

John Williamson

North Country Gold Corp. maintains an extensive quality control program in the
preparation, shipping and checking of all samples from the property. The content
of this news release and the Company's technical disclosure has been reviewed
and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as
defined by NI 43-101 Standards of Disclosure for Mineral Projects. A detailed
description of North Country Gold Corp.'s QA/QC program is provided on the
Company's website at www.northcountrygold.com.


Neither the 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 release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address exploration drilling, exploitation activities, the proposed
financing and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties related to
the ability to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, and continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information on the
Company, investors should review the Company's continuous disclosure filings
that are available at www.sedar.com


FOR FURTHER INFORMATION PLEASE CONTACT: 
North Country Gold Corp.
Brian Budd
President & Director
brianb@northcountrygold.com
604-697-2861
www.northcountrygold.com

1 Year North Country Gold Corp. Chart

1 Year North Country Gold Corp. Chart

1 Month North Country Gold Corp. Chart

1 Month North Country Gold Corp. Chart

Your Recent History

Delayed Upgrade Clock