Blackrock Gold Corp (CVE:BRC) announced Tuesday it has appointed long-time mining industry veteran Tony Wood to its board of directors.
Over the last 20 years, Wood has successfully completed close to $1 billion in financing and merger/acquisition transactions in the mining industry, according to a statement from Blackrock.
“Tony's addition to the team brings a needed financial dynamic to our board, and allows for shareholders to benefit from his established track record of driving growth,’ said CEO Andrew Pollard.
“I first came to know Tony was when he was CFO for Prodigy Gold, where he proved pivotal in guiding that company through its expansion and rapid growth from a market capitalization of $25 million until its $341 million sale, a little over two years later.”
Pollard also noted that Wood, when he served as CFO of Rye Patch Gold Corp., grew the company from a $15 million explorer into commercial production -- and presided over a merger valued at $128 million three years later.
In other news, the Vancouver, British Columbia-based company granted 240,000 incentive stock options to Wood. The options may be exercised at a price of $0.055 per share for a term of 5 years.
Blackrock’s stock added a penny to C$0.08 per share in morning trading in Toronto.
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham