Kapuskasing Gold Corp. (TSXV:KAP) announced that Mr. Dean Nawata will resign as President, CEO and Director of the Company effective immediately.
Kapuskasing Gold Corp. (TSXV:KAP) announced that Mr. Dean Nawata will resign as President, CEO and Director of the Company effective immediately. Jonathan Armes will assume the position of President and CEO. Mr. Armes is currently a Director of Kapuskasing Gold Corp. and President of ALX Uranium Corp.
As quoted in the press release:
Mr. Armes has been President, CEO and Director of ALX Uranium Corp. since 2010 and has stewarded the Company’s move into uranium and the Athabasca Basin. Mr. Armes has provided corporate development, finance and management services to mining exploration companies for over 20 years.
Kapuskasing Gold Corp. would like to thank Mr. Nawata for his contributions over the past two years and wish him well with his future endeavors. Mr. Nawata was instrumental to the assembly of the properties in the trend and the development of good relations with the local First Nations.
The Company is also pleased to report that pursuant to the Shares for Debt transaction as announced on February 1, 2016, the shares have been issued and the debt extinguished.