Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Goldspot (TSXV:SPOT) has appointed its Co-founder and Chief Operating Officer, Vincent Dube-Bourgeois, as the company’s new CEO
  • The company’s current CEO, Denis Laviolette, will be moving into an executive chairman role
  • The company stated a five-person board is more appropriate for a company of GoldSpot’s size
  • The company’s board will constrict from seven members to five, with Frank Holmes, Donovan Pollitt and Ramon Barua stepping down 
  • Goldspot (SPOT) is up 13 per cent and is trading at C$0.179 per share

Goldspot (TSXV:SPOT) has appointed its Co-founder and Chief Operating Officer, Vincent Dube-Bourgeois, as its new CEO.

The outgoing CEO Denis Laviolette will continue on with the exploration company as President, whilst also moving into an Executive Chairman role.

Vincent has served as the company’s COO since 2017 and has been instrumental in building out the company’s artificial intelligence and machine learning technologies.

Vincent said he was excited to be taking on the new role.

“I’m looking forward to our company’s next chapter as we continue to build upon our strategic vision to disrupt the resource exploration space with artificial intelligence and machine learning,” he said. 

Goldspot hopes to develop AI technology, which can more accurately build resource models, vastly improving the exploration sphere.

The company is also making some other board level changes, shrinking the board from seven members to five. This change will not come into effect until the company’s next general meeting, on June 25, 2020. 

The company stated a five-person board is more appropriate for a company of GoldSpot’s size.

Alongside the news, the company announced that Frank Holmes, the current Chair of Goldspot’s Board, is retiring. 

Frank was instrumental in getting Goldspot up off the ground, previously working as the CEO and Chief Investment Oficer at US Global Investors. The firm invested substantially in Goldspot before its launch.

Through the investment, Frank became the company’s inaugural Chairman of the Board, a role he remained in until now.

Donovan Pollitt and Ramon Barua and also stepping down from the Board. 

Goldspot (SPOT) is up 13 per cent and is trading at C$0.179 per share.

More From The Market Herald

" Fortuna (TSX:FVI) reports production increase

Fortuna Silver Mines (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and

" Sanu Gold (CSE:SANU) begins trading on the OTCQB

Common shares of Sanu Gold Corporation (SANU) have begun trading on the OTCQB under the symbol SNGCF.

" First Tellurium (CSE:FTEL) conducts channel sampling on multiple copper targets at Deer Horn

First Tellurium (FTEL) has conducted channel sampling on multiple copper targets at Deer Horn Property in British Columbia.

" Westhaven Gold (TSXV:WHN) completes sale of royalties and private placement with Franco-Nevada (TSX:FNV)

Westhaven Gold Corp. (WHN) has completed the royalty sales and private placement.