Leadership Transition at Westhaven Gold Corp: A New Era Ahead
Leadership Changes at Westhaven Gold Corp
Westhaven Gold Corp. is entering a new phase as it announces important leadership transitions. Gareth Thomas, the President and Chief Executive Officer, is stepping down effective immediately as the company prepares to usher in a new era under Ken Armstrong’s leadership. This significant change reflects the company’s commitment to aggressive exploration and development strategies.
Transition Details and Strategic Vision
The Board of Directors has officially appointed Ken Armstrong to assume the role of President and CEO. This transition takes effect on May 1, 2025. Thomas, who has led Westhaven since its inception in 2010, will continue to serve as a director and advisor, ensuring the company retains valuable continuity during this pivotal shift.
Chairperson Eira Thomas praised Gareth’s remarkable contributions, highlighting his leadership through key drilling discoveries and the recent completion of a preliminary economic assessment for the Shovelnose project. This project is crucial for Westhaven’s future and signifies a robust development opportunity in the Spences Bridge Gold Belt.
Ken Armstrong’s Expertise and Vision
Ken Armstrong brings over thirty years of extensive experience in mining and exploration, including significant roles in publicly listed corporations. His expertise spans various commodities, notably diamonds, gold, and nickel. Armstrong is recognized for his strategic vision and excellence in fostering community relations, a vital aspect of modern mining operations.
His impressive career includes positions such as CEO of North Arrow Minerals and leadership roles in other companies like Strongbow Exploration. As he takes the helm at Westhaven, Armstrong's proficiency in navigating corporate leadership and strategic project development will be invaluable.
Stock Options Grant to New Leadership
In alignment with his new role, Westhaven has granted Ken Armstrong 1,000,000 incentive stock options as part of the company’s equity incentive plan, which shareholders approved in 2024. These options come with an exercise price of $0.15 per share and a five-year term, vesting over 18 months. This grant is a strategic move aimed at aligning Armstrong's interests with those of the company and its shareholders.
About Westhaven Gold Corp.
Westhaven Gold Corp. focuses on gold exploration, particularly on the high-grade Shovelnose project located in the Spences Bridge Gold Belt in Canada. The company controls approximately 61,512 hectares, with four gold properties within this underexplored area. Positioned strategically near infrastructure such as major highways, power, and rail, Westhaven is well-placed for efficient exploration efforts. The company trades under the ticker symbol WHN on the TSX Venture Exchange, reflecting its active engagement in the market.
Frequently Asked Questions
1. Who is the new CEO of Westhaven Gold Corp.?
Ken Armstrong has been appointed as the new President and CEO of Westhaven Gold Corp.
2. What will Gareth Thomas's role be moving forward?
Gareth Thomas will remain with Westhaven as a director and advisor following his step down.
3. What is the focus of Westhaven Gold Corp.?
Westhaven focuses on gold exploration in the Spences Bridge Gold Belt, particularly at the Shovelnose project.
4. How many options have been granted to Ken Armstrong?
Ken Armstrong has been granted 1,000,000 incentive stock options as part of his compensation.
5. Where can I find more information about Westhaven Gold Corp.?
Additional information can be found on Westhaven's official website, which details their projects and news updates.
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