Great Pacific Gold Appoints Alex Heath as Chief Financial Officer
Great Pacific Gold Corp. (OTCQX: FSXLF) has appointed Alex Heath as its new Chief Financial Officer, effective immediately. Heath brings over 20 years of experience in finance, investment banking, corporate development, and investor relations. The current CFO, Jonathan Richards, will remain for two months to ensure a smooth transition and complete Q2 2025 regulatory filings.
Heath's appointment follows the company's recent successful equity financing of $16.9 million, which will fund drilling programs at the Wild Dog Project in Papua New Guinea. As part of his compensation package, Heath received 500,000 stock options at $0.45 per share and 250,000 restricted share units with a two-year vesting schedule.
Great Pacific Gold Corp. (OTCQX: FSXLF) ha nominato Alex Heath come nuovo Chief Financial Officer, con effetto immediato. Heath vanta oltre 20 anni di esperienza in finanza, investment banking, sviluppo aziendale e relazioni con gli investitori. L'attuale CFO, Jonathan Richards, rimarrà in carica per due mesi per garantire un passaggio di consegne senza intoppi e completare le comunicazioni regolamentari del secondo trimestre 2025.
La nomina di Heath segue il recente successo della società nel finanziamento azionario di 16,9 milioni di dollari, destinato a finanziare i programmi di perforazione presso il progetto Wild Dog in Papua Nuova Guinea. Come parte del suo pacchetto retributivo, Heath ha ricevuto 500.000 stock option a 0,45 dollari per azione e 250.000 unità azionarie vincolate con un piano di maturazione biennale.
Great Pacific Gold Corp. (OTCQX: FSXLF) ha nombrado a Alex Heath como su nuevo Director Financiero, con efecto inmediato. Heath aporta más de 20 años de experiencia en finanzas, banca de inversión, desarrollo corporativo y relaciones con inversores. El actual CFO, Jonathan Richards, permanecerá durante dos meses para asegurar una transición fluida y completar los informes regulatorios del segundo trimestre de 2025.
El nombramiento de Heath sigue a la reciente exitosa financiación de capital de 16,9 millones de dólares, que financiará los programas de perforación en el Proyecto Wild Dog en Papúa Nueva Guinea. Como parte de su paquete de compensación, Heath recibió 500,000 opciones sobre acciones a 0,45 dólares por acción y 250,000 unidades restringidas de acciones con un calendario de adquisición de dos años.
Great Pacific Gold Corp. (OTCQX: FSXLF)는 Alex Heath를 즉시 발효되는 새로운 최고재무책임자(CFO)로 임명했습니다. Heath는 금융, 투자은행, 기업 개발 및 투자자 관계 분야에서 20년 이상의 경력을 보유하고 있습니다. 현 CFO인 Jonathan Richards는 원활한 인수인계를 위해 두 달간 근무하며 2025년 2분기 규제 서류를 완료할 예정입니다.
Heath의 임명은 최근 회사가 성공적으로 확보한 1,690만 달러의 자본 조달에 이은 것으로, 이 자금은 파푸아뉴기니의 Wild Dog 프로젝트 시추 프로그램에 사용될 예정입니다. 보상 패키지의 일환으로 Heath는 주당 0.45달러에 50만 스톡옵션과 2년 권리 취득 일정이 적용되는 25만 제한 주식 단위를 받았습니다.
Great Pacific Gold Corp. (OTCQX : FSXLF) a nommé Alex Heath en tant que nouveau Directeur Financier, avec effet immédiat. Heath apporte plus de 20 ans d'expérience en finance, banque d'investissement, développement d'entreprise et relations avec les investisseurs. Le CFO actuel, Jonathan Richards, restera en poste pendant deux mois afin d'assurer une transition en douceur et de finaliser les dépôts réglementaires du deuxième trimestre 2025.
La nomination de Heath fait suite au récent succès de la levée de fonds en actions de 16,9 millions de dollars, destinée à financer les programmes de forage du projet Wild Dog en Papouasie-Nouvelle-Guinée. Dans le cadre de son package de rémunération, Heath a reçu 500 000 options d'achat d'actions à 0,45 $ par action ainsi que 250 000 unités d'actions restreintes avec un calendrier d'acquisition de deux ans.
Great Pacific Gold Corp. (OTCQX: FSXLF) hat Alex Heath mit sofortiger Wirkung zum neuen Chief Financial Officer ernannt. Heath bringt über 20 Jahre Erfahrung in den Bereichen Finanzen, Investment Banking, Unternehmensentwicklung und Investor Relations mit. Der derzeitige CFO, Jonathan Richards, bleibt für zwei Monate, um einen reibungslosen Übergang zu gewährleisten und die regulatorischen Meldungen für das zweite Quartal 2025 abzuschließen.
Die Ernennung von Heath folgt auf die kürzlich erfolgreiche Eigenkapitalfinanzierung von 16,9 Millionen US-Dollar, die die Bohrprogramme im Wild Dog Projekt in Papua-Neuguinea finanzieren wird. Als Teil seines Vergütungspakets erhielt Heath 500.000 Aktienoptionen zu 0,45 US-Dollar pro Aktie sowie 250.000 Restricted Share Units mit einer zweijährigen Vesting-Periode.
- Successfully raised $16.9 million in recent equity financing
- Appointment of experienced CFO with over 20 years in finance and mining
- Company is fully funded to advance drilling program at Wild Dog Project
- Potential dilution from new stock options and RSUs issued to new CFO
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific", "GPAC" or the "Company") announces the appointment of Alex Heath as Chief Financial Officer ("CFO"), effective immediately. Jonathan Richards, Great Pacific Gold's current CFO, and his firm Redfern Consulting will remain engaged by Great Pacific for the next two months to complete the Q2 2025 regulatory filings and ensure a smooth transition.
Mr. Heath is a mining executive and director with more than twenty years of experience in finance, investment banking, corporate development, and investor relations. Based in Vancouver, he has held senior leadership roles with several Discovery Group companies, including serving as Interim CFO and SVP of Corporate Development at Defense Metals Corp. and President & CEO of Prospector Metals Corp. Mr. Heath is currently the Chair of the Audit Committee at Asante Gold and is also the co-founder of Chestnut Creek Capital Corp., an integrated agribusiness investment platform operating premium pineapple plantations in Costa Rica. Earlier in his career, Mr. Heath was an investment banker at Salman Partners Inc., advising on capital markets and M&A transactions. He also held corporate development and investor relations roles at Great Panther Mining Limited and Seaspan Corporation. Alex holds a Bachelor of Commerce with Honours from the University of British Columbia, is a CFA charterholder, and has completed the Directors Education Program at the University of Toronto's Rotman School of Management.
"With our successful equity financing closed last week raising
In conjunction with the appointment, the Company has issued 500,000 stock options and 250,000 restricted share units (RSU's). The restricted share units will vest as follows:
On behalf of Great Pacific Gold:
Greg McCunn
Chief Executive Officer and Director
For further information visit gpacgold.com or contact:
Investor Relations
Phone +1-778-262-2331
Email: info@gpacgold.com
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea ("PNG"). The Company is focused on developing gold-copper resources from its highly prospective land packages. Its core projects include:
- Wild Dog Project: located in the East New Britain province of PNG, the Wild Dog Project is a brownfield exploration project with a history of small-scale gold mining. The Wild Dog Project contains numerous epithermal, and porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The Company completed a road refurbishment in August 2024 and baseline environmental work in Q4 2024. In Q1 2025, the Company began preparing for a drilling program with camp and infrastructure being established, airborne geophysics (MobileMT) survey completed and a geological team in place. A first phase of diamond drilling is underway on the property.
- Kesar Project: located in the Eastern Highlands province of PNG and contiguous with the mine tenements of K92 Mining Inc. ("K92"), the Kesar Project is a greenfield exploration project with several high-priority targets near the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation as key K92 deposits, such as Kora. Exploration work to date by the Company at the Kesar Project has shown that these veins have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs. The Company conducted a diamond drill program on key target areas at the Kesar Project from November 2024 to May 2025.
- Arau Project: located in the Eastern Highlands province of PNG, the Arau Project contains the highly prospective Mt. Victor exploration target with potential for a high sulphidation epithermal gold-base metal deposit. A Phase 1 Reverse Circulation drilling program was completed at Mt. Victor in August 2024, with encouraging results. The Arau Project includes the Elandora licence, which also contains various epithermal and copper-gold porphyry targets.
The Company also holds the Tinga Valley Project in PNG.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Great Pacific Gold cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Great Pacific Gold's limited operating history, its exploration and development activities on its mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Great Pacific Gold does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258196
FAQ
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