The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to announce the appointments of Mr. Scott Caldwell and Mr. Dan Vujcic to the Board as Independent Non-Executive Directors effective 24 October 2022. Mr. Vujcic will also become a member of the Audit and Risk Committee.
Mr. Caldwell and Mr. Vujcic have been nominated to the Board of SolGold by Cornerstone Capital Resources Inc. (“Cornerstone”), pursuant to the Agreement in relation to the merger transaction between SolGold and Cornerstone as announced on 7 October 2022.
Mr. Caldwell is a mining engineer with over 40 years’ experience in the global mining industry having held a number of senior executive roles including as Chief Executive Officer at both Guyana Goldfields Inc. and Allied Nevada Gold Corp., as well as Chief Operating Officer at Kinross Gold Corp. Prior to those roles, Mr. Caldwell held a number of senior operating roles and has experience building and operating gold and base metal mines worldwide, including in USA, Canada, Russia, Zimbabwe, Chile, and Indonesia. He has been involved in the design and operation of several open cut and block cave copper-gold mines around the world including at Freeport-McMoRan’s Grasberg project in Indonesia and the Collahuasi copper operation in Chile. Mr. Caldwell was previously a Non-Executive Director of SolGold between 2016-17. Mr. Caldwell completed a Bachelor of Science in Mine Engineering at the University of Arizona, Arizona, USA.
Mr. Vujcic is currently the Chief Development Officer of Metals Acquisition Corp (“MAC”), an NYSE listed Special Purpose Acquisition Vehicle (“SPAC”) which is currently finalising the acquisition of the CSA Copper Mine from Glencore AG. Prior to this he was an investment banker with almost two decades of experience in global capital markets. Over his career, Mr. Vujcic has advised clients of several investment banks in a diverse range of commodities across numerous jurisdictions, including raising capital in both equity and debt markets globally, supporting the growth ambitions of emerging miners, and attaining a significant presence in the industry. While at Citi between 2003 and 2007 he was involved in Fortescue's US$2.5 billion high yield bond issue paving the way for the development of one of the world’s largest iron ore miners. He was instrumental in leading First Quantum Minerals Ltd.’s C$5 billion acquisition of Inmet Mining Corporation, which held the Cobre Panama porphyry copper-gold project in Panama, central America. Mr. Vujcic completed a Bachelor of Business with 1st Class Honours at the University of Technology, Sydney and his CA qualification at Arthur Andersen.
Commenting on the new appointments to the Board, SolGold Chair Mr. Liam Twigger said: “The Board is delighted to welcome Scott and Dan as Directors of SolGold. These appointments will contribute to the SolGold Board’s significant experience and diverse skillset adding further executive leadership, block cave mining and broader investment and finance expertise. The Board looks forward to working with Scott and Dan and the Company is sure to benefit from their experience.”
Mr Caldwell is based in Toronto and will assist with Canadian market exposure while Mr Vujcic is based in Sydney and will assist with corporate strategy, including M&A, and also global financing options.
This announcement was approved for release by Rufus Gandhi - Company SecretaryOur mailing address is:
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