Legend Gold Appoints Douglas Perkins as President & CEO
TORONTO, ONTARIO -- (Marketwire) -- 10/24/11 -- Legend Gold Corp. (the 'Company' or 'Legend Gold') (TSX VENTURE: LGN) is pleased to announce that the Company's Board of Directors has appointed Douglas G. Perkins as the President and Chief Executive Officer and a Director of the Company, effective October 24, 2011.
Mr. Perkins has been actively involved in mineral exploration and development, with extensive experience in West Africa, for thirty years. From 2005 to 2010 he was CEO and Executive Director of GMA Resources Plc, an AIM listed company which raised over US$50 million equity and debt and successfully constructed a heap leach gold mine in Algeria during Mr. Perkins' tenure. In 2007, Mr. Perkins was awarded the prestigious Pioneer of the Year Award at the Mines & Money Conference in London. From 2003 to 2005, Mr. Perkins was Vice President and CFO of Orezone Resources Inc. From 2000 to 2005 Mr. Perkins also provided senior executive consulting services to a number of mineral exploration, development and mining companies listed on the TSX and the TSX Venture Exchange.
Lyle R. Hepburn, Chairman of the Company, said, 'We are very pleased to have Doug Perkins join Legend Gold as President and CEO. The Board of Directors is confident that Mr. Perkins has the experience, expertise and relationships in West Africa to lead Legend Gold to its goal of being a leading exploration, development and mining company in West Africa.'
Scott Waldie has resigned as President and CEO of the Company, but will continue on the Board of Directors, and will provide consulting services during the transition.
Mr. Hepburn said, 'On behalf of the Board, I would like to thank Scott Waldie for his contribution to the Company. Scott did a tremendous job as President and CEO. During difficult financial markets Scott raised significant capital to maintain our exploration momentum and add to our pipeline of strategic gold properties. Scott leaves his role as President and CEO with the Company well positioned to capitalize on the opportunity presented by its excellent gold projects in the Republic of Mali.'
In connection with the appointment of Mr. Perkins, the Board of Directors has granted Mr. Perkins 660,000 incentive stock options pursuant to the Company's stock option plan, exercisable at $0.275 per share for a ten year term.
About The Company
Legend Gold is a mineral exploration and development company focused on exploring for gold in the Republic Of Mali, West Africa. Our five main projects are the Tiekoumala, Lakanfla, Mougnina, Diokeba, and Dalakan projects. In recent years, we have made significant gold discoveries on the Tiekoumala project located in Southern Mali, and the Lakanfla project located in Western Mali. Legend Gold has 65,431,324 common shares issued and outstanding (79,941,324 shares on a fully diluted basis). Please visit our website www.legendgold.com for more information about our projects.
This news release may contain forward-looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the 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.
Contacts:
Legend Gold Corp.
Douglas Perkins
President & CEO
514.806.6788
dperkins@legendgold.com
www.legendgold.com
