Currently viewing Global edition

1911 promotes CFO to CEO 

1911 Gold has promoted CFO Shaun Heinrichs to the positions of CEO and director. The outgoing incumbent Ron Clayton will remain as a director and take an advisory role. 
1911 promotes CFO to CEO  1911 promotes CFO to CEO  1911 promotes CFO to CEO  1911 promotes CFO to CEO  1911 promotes CFO to CEO 

Nathan Richardson

"I believe 1911 Gold presents a unique investment opportunity in the gold sector with its significant land position in the highly prospective Rice Lake greenstone belt in Manitoba, Canada," Heinrichs said. 

"The Rice Lake property, historically underexplored outside of the existing underground mine, lies along an ancient plate margin extending across the prolific Red Lake gold camp and has the potential to contain one or more significant gold deposits," he added. 

Heinrichs joined 1911 in 2018, prior to the company's spin-out from Klondex mines. 

He has been granted 300,000 options to purchase common shares in 1911 at an exercise price of $0.40 per share. One third of the options can be taken immediately and the remainder at the first and second anniversaries of the grant. 

The promotion is effective immediately. 

On March 15, 1911's share price was quoted on the Toronto Stock Exchange at C$0.395 (US$0.31), down 1% day-on-day. The stock had a 52-week high/low of C$0.72/C$0.26. The company had a market capitalisation of C$24.22 million.