Blackrock Gold Corp.

Blackrock Gold appoints Aurania Resources CFO Tony Wood to board

Over the last 20 years, Wood has successfully completed nearly $1 billion in financing and M&A transactions in the mining industry

board room
Blackrock granted 240,000 stock options to Wood worth $0.055 per share for 5 years

Blackrock Gold Corp (CVE:BRC) announced Tuesday it has appointed long-time mining industry veteran Tony Wood to its board of directors.

Wood currently serves as CFO of Aurania Resources Inc. (CVE:ARU), a junior miner focused on precious metals and copper. He also served as CFO for Prodigy Gold Inc and Rye Patch Gold Corp.

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.

READ: Blackrock Gold appoints mining veteran William Howald as executive chairman

“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

Quick facts: Blackrock Gold Corp.

Price: $0.20

Market: TSX-V
Market Cap: $9.58 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Blackrock Gold Corp. named herein, including the promotion by the Company of Blackrock Gold Corp. in any Content on the Site, the Company...



Full interview: Blackrock Gold prepares to start drilling at Silver Cloud...

Blackrock Gold (CVE: BRC) CEO Andrew Pollard sat down with Steve Darling from Proactive Vancouver to discuss the company preparing to start drilling on their site in Nevada. This site will see drilling for the first time in years. Pollard talked about where the drill will be placed and also...

1 week, 2 days ago

2 min read