Bullish indicating open at $55-$60, IPO prices at $37
KELOWNA, British Columbia - Kiboko Gold Inc. (TSXV:KIB), a micro-cap mining company with a market capitalization of just $320,000, announced Wednesday a series of leadership changes, appointing Craig Williams as Interim President and Chief Executive Officer, effective immediately. The announcement comes as the company’s stock has declined over 33% in the past six months, according to InvestingPro data.
Williams, a co-founder and director of Kiboko since its formation in 2019, succeeds Jeremy Link, who is stepping down from his executive role but will continue to serve as Chair of the Board of Directors. Williams is a Professional Geologist with over 20 years of experience in resource exploration, project financing, and corporate leadership.
The company also appointed Michael Gheyle to its Board of Directors, replacing Amanda Sorsak. Gheyle brings more than 30 years of experience in international capital markets, including wealth management, derivative trading, and corporate finance. He has previously served as CEO and Chairman of Discovery Lithium Corp and currently holds board positions at Oyama Capital Corp. and Naked Revival Inc.
Kiboko Gold is focused on advancing its Harricana Gold Project, located 55 km north of Val-d’Or, Québec, within the southern Abitibi gold belt.
The company stated in a press release that these leadership and governance changes reflect its commitment to advancing its exploration assets and positioning the business for long-term growth. InvestingPro subscribers have access to 8 additional key insights about Kiboko Gold’s financial position and market performance, helping investors make more informed decisions about this exploration company.
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