- Veteran gold exploration executive with over 35 years of experience appointed to Kobo’s Board of Directors
- Mr. Edward Gosselin, Chief Executive Officer, and Mr. Paul Sarjeant, President and Chief Operating Officer to attend PDAC 2024 exhibiting at booth 3235
Kobo Resources Inc. (TSX.V: KRI) announced the appointment of Mr. Brian Scott to its Board of Directors (the “Board“) and the resignation of Mr. Charles Spector.
Brian Scott is a geologist with over 35 years of exploration and mine development experience across a wide variety of deposit types and political jurisdictions throughout the world. His experience encompasses a wide range of deposit types from high Andes porphyries (Cerro Casale and Refugio) to orogenic gold deposits (Venezuela, Canada, Finland, West Africa, Namibia, Uruguay, and South Africa) and epithermal deposits (Russia, Philippines, Central America).
During his 30-year career with Bema Gold Corp. (acquired by Kinross Gold) and B2Gold Corp., he engaged in all phases of exploration, development, and mining within the Bema Gold Corp./B2Gold Corp. portfolio of properties. During this period, his responsibilities included providing geological guidance on exploration programs. He also managed B2Gold Corp.’s Technical Services Group and oversaw its in-house Technical Services Team’s geologic and resource estimation models.
Mr. Scott retired from B2Gold Corp. at the end of 2023 where he served as VP Geology and Technical Services from 2015 to 2023. Prior to that, Mr. Scott was Chief Geologist for B2Gold Corp. from 2007 to 2014 and Chief Geologist for Bema Gold Corp. from 1996 to 2007. Mr. Scott holds a Bachelor of Science (Honours) degree in Geology from Lakehead University in Ontario.
Kobo Resources to Exhibit at PDAC 2024
The Company announces that it will be exhibiting at the annual 2024 Prospectors & Development Association of Canada (“PDAC“) convention at the Metro Toronto Convention Centre (MTCC). The Company invites interested PDAC attendees to visit its booth #3235 in the Investors Exchange, South Building during the in-person event from Sunday, March 3 to Wednesday, March 6, 2024.
Management will provide details of its exploration program at its 100%-owned Kossou Gold Project in 2023, following an initial phase of drilling and ongoing trenching activities that have yielded significant gold results across three distinct targets. Further, the Company will provide an overview of its exploration plans in the year ahead, beginning with a fully funded 5,000 m drilling program in Q1 2024.
PDAC is the world’s premier mineral exploration & mining convention and brings together professionals, governments, companies and organizations from around the world to explore the latest advancements in the mining industry through a wide range of programming, courses, and networking events.
Investors interested in attending the PDAC can register here: www.pdac.ca/convention/attend/registration. Kobo invites attendees to visit its booth where they will have the opportunity to engage directly with the Company’s management team and learn more about Kobo’s recent exploration efforts and upcoming plans.
Other Corporate Matters
On December 1, 2023, the Company merged with its subsidiary Boko Resources Inc. in order to simplify its corporate structure, reporting obligations and reduce general and administrative costs.
Furthermore, effective in 2023, the Company changed its financial year-end from December 31 to March 31, 2024, to align the Company’s year-end with that of its operating subsidiary and to facilitate financial reporting and the preparation of corporate tax returns. The change in year-end resulted in the Company filing a one-time, fifteen-month transition year covering the period of January 1, 2023 to March 31, 2024.
Grant of Options
The Company announces that it has granted 300,000 stock options (“Options“) to purchase common shares of the Company to Mr. Brian Scott, following his appointment as director of the Company, and 50,000 stock options (“Options“) to purchase common shares of the Company to Mr. Carmelo Marrelli, as CFO of the Company, pursuant to the Company’s 9.5% fixed stock option plan (the “Company’s Stock Option Plan“). Such Options are exercisable into common shares of the Company at an exercise price of $0.35 per common share for a period of 10 years from the date of grant as per the Company’s Stock Option Plan. These options will vest in equal tranches of twenty-five per cent (25%) every 3 months following their grant date.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.
The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike length of highly prospective gold in soil geochemical anomalies with excellent rock and trench sampling results. The Company completed ~6,000 m of RC drilling and ~5,400 m of trenching in 2023 and is planning on additional drilling and trenching in 2024. Significant gold mineralization has been identified at three main targets within a 300 m wide, 2+ km long, pervasively altered structural corridor defining a potentially large mesothermal gold system. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience.
Kobo’s common shares trade on the TSX Venture Exchange under the symbol “KRI”. For more information, please visit www.koboresources.com.
Kobo Resources is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our Content Disclaimer.
