Precious Metals

Dear Shareholders of Gambier Gold Corp. (TSXV: GGAU) (the "Company"), we are significant shareholders of the Company representing approximately 19.872% of the issued and outstanding capital of the Company. In addition, we have engaged with shareholders and currently have arranged support from a total of approximately 40.196% of the issued and outstanding capital of the Company. We have, over the last year, reached out to the directors and officers of the Company expressing our concern over the management. We are major shareholders and they have consistently failed to address our concerns. We asked for a change of the board of directors and, again, they declined. We requisitioned a meeting of shareholders to change the board of directors on March 21, 2022 (which the Company failed to disclose), and the Company has now set an annual general meeting for June 1, 2022. We have confirmed to the Company that any issuance of shares after the date of our requisition (March 21, 2022) will not be eligible to vote at the shareholders meeting. We are writing to elicit your support for our nominee directors and for our vision for the Company. We commit to rigorous corporate governance, consistent disclosure, effective shareholder engagement and working to increasing shareholder value. We will listen to your concerns and improve investor relations.

The Company needs a new start and here is what we are proposing:

  1. A new board of directors consisting of five directors, two professional geologist (Sebastien Ah Fat and Rafael Vaudrin), all experienced directors of public companies and one business managing director (Owen Garfield), one financial managing director (Sven Gollan) and one governance managing director (Daniel Rodriguez). One of the nominees (Rafael Vaudrin) is a former director of the Company and will provide knowledge continuity;
  1. Our new nominee board has the experience, strategic vision and the resources to finance the Company and move it to the next level;
  1. We commit to engaging with shareholders and having full disclosure of all matters;
  1. March 31 is the Company's financial year end and now is the time to make this change and grow Company value; and
  1. We have attached a brief description of our nominee directors and their backgrounds evidencing their expertise.

We also want to address why, in our view current management, should not remain in place.

There has been incredibly poor communication and even non-existent communication with shareholders over the last year. There were no News Releases issued between May 10, 2021 and February 18, 2022. There was no Winter Drill Program as discussed and Michael Schuss (Director/CEO) provided no operational update in the second half of 2021, despite our requests. The March 31, 2022 News Release was, in our opinion, poorly drafted and did not evidence a sound exploration program. It appeared to try to blame others for their failures.

There are a series of gaps in disclosure, an example of which is the January 12, 2021 appointment of Darin Wagner as a technical advisor. We are advised Mr. Wagner subsequently left this position but there was no disclosure of this. In another example, the latest unaudited financial statements do not set out the changes to the board of directors and there is no disclosure of an advisory board.

Michael Schuss, in our opinion, appears to spend an excessive amount of his time on Twitter rather than running the business of the Company.

In our view, this lack of proper governance and disclosure has depressed the share price and placed the Detour West Property, the Company's main asset, at risk. In addition, there has been an increase in the salary of the CEO (Michael Schuss) without any regard to the lack of performance. The Company will need to raise capital for future exploration and the confidence of the existing shareholder base as well as that of potential investors has been lost.

Both Mr. Michael Schuss and Mr. Geoff Balderson provided us with their agreement, in writing, to resign and/or not stand for re-election and then refused to follow through with this. Mr. Bruland and Mr. Forward were just appointed February 18, 2022 and appear to have no vested interest in the Company. The Vendors and Royalty holders of the Detour West Property, have also expressed their dissatisfaction with the current management.

We ask that you support our nominees to ensure the success of the Company. Again, the date of the annual general meeting of shareholders has been set for June 1, 2022. We ask that you complete your proxy:

  1. to set the number of directors at five (5); and
  1. to vote for our nominees:

(a) Sven Gollan;
(b) Sebastien Ah Fat;
(c) Daniel Rodriguez;
(d) Owen Garfield; and
(e) Rafael Vaudrin.

Please deliver your proxy as set out in the proxy and email a copy to We want to ensure every vote is counted so will ensure your proxy is valid.

We can be reached as follows if you have any questions:

FruchtExpress (FEx) investment board

April 11, 2022

FruchtExpress Grabher GmbH & Co KG

By: "Grabher Felix"

Name: Grabher Felix

Title: CIO / Executive Director

Name, Province or State and Country of ResidencePresent Principal Occupation, Business or Employment and Principal Occupation, Business or Employment During the Preceding Five YearsNumber of Common Shares Beneficially Owned or Controlled or Directed (Directly or Indirectly)
Sven Gollan
Møre og Romsdal, Norway
Treasurer with Fruchtexpress GmbH & Co. KG, major shareholder of Gambier Gold. Sven is currently director of Sego Resources, Alianza Minerals and Teako Gold. He spent 16 years as an Investment/Private Banker in Germany and Austria and was active in the education and training of securities advisors and investment bankers. From 2011 to 2015 he was an external consultant for the Grabher Family, Austria. Mr Gollan has been with FruchtExpress Grabher, Corporate Treasury Unit/Family Office, Austria since 2015, and currently with FruchtExpress Norge the Norwegian Branch of FruchtExpress.Nil
Sebastien Ah Fat
Alberta, Canada
Professional Geologist with over a decade of experience in the mining and energy sectors. He is the Vice President of Exploration at Pacific Bay Minerals Ltd., a precious-metal-focused mining company, and the co-founder and Vice President of Exploration at Glacier Resources Corp., a lithium exploration company. Previously, Mr. Ah Fat was the manager of geological services and software development of a leading energy geosteering consulting firm. Prior experience includes the role of mine geologist at Bralorne Gold Mines Ltd., a junior gold producer in Canada. Mr. Ah Fat holds a bachelor of science degree in geology from the University of Calgary and is registered as a professional geoscientist with the Association of Professional Engineers and Geoscientists of Alberta (APEGA).20,000
Daniel Rodriguez
British Columbia, Canada
Corporate Development of Warrior Gold with over 14 years of capital markets and financial service experience. Previously, he was an Investment Advisor with a focus on the junior mining sector and managed a retail branch bank for a top-tier Canadian bank. For the last two years, he has been working in Corporate Development for Warrior Gold Inc. He holds a BA from the University of Toronto and both Certified Financial Planning (CFP) and Chartered Investment Manager (CIM) designations.Nil
Owen Garfield
West Yorkshire, United Kingdom
Managing Director; Owen is a Chartered Mineral Surveyor based in the UK who worked for the Valuation Office Agency as a specialist mineral valuer for over 10 years. He also has a degree in Mineral Estates Management from Sheffield Hallam University. Owen is currently the Managing Director and owner of a successful Surveying company in the UK, advising multi-national clients on major infrastructure projects.100,000
Rafael Vaudrin
British Columbia, Canada
Professional Geologist, former Director of Gambier Gold. Senior Project Geologist with great expertise in field planning, data analysis, and drilling initiatives. Mr. Vaudrin has a master's degree in geosciences from the University of Tubingen in Germany, where he specialized in exploration, mineralogy and structural geology.200,000


To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

burns property management

Gambier Gold Corp. Appoints Michael Burns as VP Exploration and Adds Darin Wagner and Dr. Lee Groat as Technical Advisors

Gambier Gold Corp. (TSXV:GGAU) (the "Company") is pleased to announce it has appointed Mr. Michael Burns as Vice President of Exploration. In addition, Mr. Darin Wagner, former CEO of Balmoral Resources, and Dr. Lee Groat have been invited to serve as technical advisors to the Company

Mr. Michael Schuss, CEO, Gambier Gold stated "The addition of Mr. Burns, Mr. Wagner and Dr. Groat to our company provides the additional management and technical experience required for success. Mr. Wagner's extensive knowledge of the Detour Gold Belt, as the former CEO of Balmoral Resources, will be an asset for the Company as we move toward our initial testing of the Detour West Property this winter."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
airborne geophysical surveys for geological mapping

Gambier Gold Corp. Identifies Multiple Geophysical Anomalies and Expands Property Holdings at Detour West

Gambier Gold Corp. (TSXV:GGAU) (the "Company") is pleased to announce it has recently completed a review of historical airborne geophysical surveys on its Detour West property ("Detour West" or, the "Project") in northern Ontario. Gambier's Detour West property is located immediately adjacent to the Detour Lake gold mine property of Kirkland Lake Gold, Canada's second-largest active gold mine. The review and interpretation of recently recovered GeoTEM airborne data yielded numerous highly conductive geophysical anomalies along and proximal to the Sunday Lake ("SLDZ") and Lower Detour ("LDDZ") Deformation Zones which cross the property. As a result, the Company has expanded its land holdings at Detour West by 4,917 hectares to a total of 23,849 hectares

Historical Airborne Geophysics Interpretation and new Anomalies
The re-processing and re-interpretation of recently acquired historical airborne geophysical datasets was completed by Campbell and Walker Geophysics Ltd. Several moderate to strong conductors with direct spatial relation to inferred geological structures have been identified as high priority targets within the property boundary. . The Detour Lake gold mine, located approximately 20km along strike to the east, was discovered testing a similar conductive response located proximal to the SLDZ as were the Martiniere and Fenelon gold deposits located further east along the same structure.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Gambier Gold arranges $450,000 private placement

Gambier Gold arranges $450,000 private placement

Gambier Gold Corp. (TSX-V: GGAU) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $450,000 (the “Financing”) by way of the issuance of up to 3,000,000 units (the “Units”) of the Company at a price of $0.15. Each Unit will consist of one common share and one-half share purchase warrant (the “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share, up to a total of 1,500,000 at an exercise price of $0.20 for a period of two (2) years from the date of closing. The Corporation will use the net proceeds of the Financing for exploration at its Hemlo and Detour West (Ontario) gold projects, as well as for working capital purposes. Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada. Finders’ fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.

ON BEHALF OF THE BOARD Michael E. Schuss President & CEO

Keep reading...Show less
Gambier Gold Acquires Hemlo South Gold Project in Ontario

Gambier Gold Acquires Hemlo South Gold Project in Ontario

Gambier Gold Corp. (TSXV: GGAU) (the “Company”) is pleased to announce it has acquired the Hemlo South Gold Project (“Hemlo South” or, the “Project”) in northern Ontario.

The Hemlo South project is located in the Archean Schreiber-Hemlo greenstone belt, which is host to the Hemlo gold deposit that has produced over 21 million ounces of gold since its discovery in the early 1980’s. Production at Hemlo continues to this day through operations at the Williams mine, an underground and open-pit operation owned and operated by Barrick Gold Corp.

Keep reading...Show less
a pair of glasses atop stock charts next to a gold bar

5 Top Weekly TSXV Performers: Assay Results Push Aton Resources Higher

The S&P/TSX Venture Composite Index (INDEXTSI:JX) continued to descend last week, weighed down by factors like widespread inflation, which is eroding investor sentiment.

Thursday (May 12), saw the junior index fall to 661, its lowest point since December 2020. However, by Friday (April13) morning, the TSXV had begun a slow climb higher, similar to other larger indexes. It closed at 696.79.

Although gold is widely considered a hedge against inflation, the yellow metal's price sank over the second week of May, slipping as low as US$1,801 per ounce.

Keep reading...Show less



Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that the nominees listed below were elected to the Board of Directors at the 2022 Annual and Special Meeting of Shareholders. Detailed results of the vote for the Board of Directors of the Company are shown below. As previously announced, Mr. Doug Holtby who had served as Chair of Wheaton is retiring and did not stand for reelection, and Mr. George Brack has been appointed the role of Chair of the Board. In addition, Ms. Jaimie Donovan has been elected to the Board.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
bitcoin and gold

Top Stories This Week: Gold Slumps, Bitcoin Crash Spurs "Crypto Winter" Calls


We're wrapping up what's been yet another bumpy week for gold.

The yellow metal started at around US$1,870 per ounce, but by the time of this writing on Friday (May 13) morning, it had declined to just below the US$1,810 level.

Diverse factors have been at play in the market this week, including major strength in the US dollar, which reached its highest point in 20 years early in the period. The latest Consumer Price Index data was also released — it shows an increase of 0.3 percent month-on-month and an 8.3 percent rise year-on-year.

Keep reading...Show less
Alianza Minerals Private Placement Fully Subscribed

Alianza Minerals Private Placement Fully Subscribed


Alianza Minerals Ltd

Vancouver, BC TheNewswire - May 13, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to announce the non-brokered private placement of 10 million Units of the Company at a price of $0.075 per Unit for gross proceeds to the Company of up to $750,000 (the " Offering ") is fully subscribed and will be closed shortly.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Jazz Announces Closing Of First Tranche Of Private Placement Of Units

Jazz Announces Closing Of First Tranche Of Private Placement Of Units


Vancouver, British Columbia, Canada May 13, 2022 TheNewswire - Jazz Resources Inc. ( TSXV:JZR ) (the " Company " or " JZR ") is pleased to announce that it has closed the first portion of its previously announced non-brokered private placement offering (the " Offering ") of units (the " Units ") by issuing 860,250 Units at a price of $0.80 per Unit for gross proceeds of $688,200.  Each Unit is comprised of one common share (a " Share ") in the capital of the Company and one share purchase warrant (a " Warrant ").  Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $1.20 per Share for a period of 12 months after the date of issuance of the Warrants.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News