Wellfield Provides Corporate Update
Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) announced the departure of Chief Financial Officer Brian Lock effective January 24, 2025.
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Rhea-AI Summary
Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) announced the departure of Chief Financial Officer Brian Lock effective January 24, 2025. Lock is leaving to pursue other career opportunities after serving since the company's inception. The board has initiated a search for a successor CFO. In the interim, Wellfield will rely on its existing finance team and advisors to maintain financial management continuity during the transition period. The company will provide updates on the CFO appointment process as they become available.
Positive
- None.
Negative
- Unexpected departure of CFO Brian Lock creates leadership gap
- Potential disruption in financial management during transition period
Details
News Market Reaction – WFLDF
The recorded move for WFLDF in the trading session of this news was -2.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - January 27, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") announced today the departure of its Chief Financial Officer Brian Lock effective January 24, 2025, to pursue other career opportunities. The board of directors thanks Brian for his valuable contributions to the Company since its inception and wishes Brian success in his future endeavors, and have accepted his resignation.
The Company has initiated a search for a successor Chief Financial Officer. In the interim, the Company will rely on its experienced finance team and advisors to ensure continuity in financial management during the transition and until a new Chief Financial Officer is appointed. Further updates will be provided as they become available.
On behalf of the Board of Directors,
Levy Cohen, Chief Executive Officer
About Wellfield Technologies
Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology. Our platform Coinmama, provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. We offer disruptive on-chain and web3 secure and friendly self-custody solutions through Coinmama. Additionally, Wellfield operates Tradewind Markets platform to digitize and trade real-world assets, including our flagship VaultChain™ Gold and VaultChain™ Silver products.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io
For further information contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
(832) 483-2575
Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the contents of this news release, nor do they accept 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/238645
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