Appoints Paul Matysek as Executive Chairman
Freeman Gold Corp. (CSE: FMAN) (FSE: 3WU) has appointed financial specialist Paul Matysek as the company’s Executive Chairman.
Mr Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry.
Since 2004, as either CEO or Executive Chairman, Mr Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.
Mr. Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry. Since 2004, as either CEO or Executive Chairman, Mr. Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.
Most recently in June 2021, as Chief Executive Officer, he sold Gold X Mining Corp. to Gran Colombia Gold Corp. for over $250 million in an all-share transaction. In March 2018, as Executive Chairman, he sold Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. Earlier, in July 2016, Mr. Matysek, as President and CEO, sold Goldrock Mines Corp. to Fortuna Silver Mines Inc. He was also previously CEO of Lithium One Inc., which merged with Galaxy Resources Limited of Australia to create a multi-billion-dollar integrated lithium company. He served as CEO of Potash One Inc., which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalisation of $10 million in 2004 to approximately $1.8 billion when sold in 2007.
“I am very pleased to join Freeman Gold as its Executive Chairman. The Lehmi Gold Project’s location, grade and exploration potential create a unique and timely opportunity to realize deep value for mid-tier developers and producers,” Mr Matysek said.
“Working with the board and management of the company, I am devoting considerable time, energy and capital on this Project. I firmly believe that together we can unlock significant asset value by updating the metallurgy, upgrading and expanding the mineral resources, securing necessary permits and advancing the Company’s socioeconomic initiatives.
“I am especially grateful to again be working closely with Will Randall and Bassam Moubarak. I am fortunate to have worked with both Mr. Randall and Mr. Moubarak at Lithium X and on two other transactions with Mr. Moubarak, most recently on Gold X Mining and on Goldrock Mines in 2016. I am also pleased by the commitment of the directors, management and insiders that took the majority of the private placement that will finance continued work at the Lehmi project.”
Freeman Gold also announced a non-brokered private placement for gross proceeds of up to $3 million.
The company intends to use the proceeds for resource development, exploration, engineering and environmental studies at it 100% owned Lemhi Project and for general corporate activities.
For further information please visit: https://freemangoldcorp.com/