Economic geologist and financier Cal Everett has beenappointed CEO and Director of Pilot Gold (TSX:PLG), a Nevada- and Turkey-focused mineral exploration company with a diverse portfolio of projects.
Everett is one of the best-known institutional salesman and capital markets advisors in the mineral exploration business. He spent 12 years with BMO Nesbitt Burns, 7 years with PI Financial, and an additional 7 years as CEO of Axemen Capital. Previously, Everett earned a Bachelor of Science in Economic Geology from the University of New Brunswick, and spent 14 years in surface and underground mining for majors.
“We are extremely pleased to have Cal join Pilot Gold as CEO,” said Dr. Mark O’Dea, Chairman. “Under Cal’s leadership, we will immediately begin a concerted effort to drill off our Goldstrike property, an exceptional and important Carlin-style gold system in Utah.”
Pilot Gold also intends to raise C$4.45 million by selling $0.25 units with a two-year half-warrant at $0.40. Proceeds will be for the company’s Goldstrike and Kinsley projects and general working capital purposes.
Interim CEO Rob Pease will stay on as a Pilot Gold director. Pease replaced Matt Lennox-King, Pilot’s original CEO, in November 2015.
There are 107,344,277 shares outstanding on Pilot, which last traded at .34 cents, giving the company a $35,960,000 market cap. A year ago, Pilot’s shares fetched $1.20.
Here’s a link to the news release: Pilot Gold appoints Cal Everett as new President and CEO and announces $4.45 million private placement