VANCOUVER, March 22, 2018 /CNW/ - NxGold Ltd. (the
"Company") (TSXV: NXN) is pleased to announce the
appointment of Mr. Karl Laufmann to
the Board of Directors. The appointment is effective
March 22, 2018 and expands the Board
to seven directors, six of whom are independent.
Mr. Laufmann has worked in financial markets for the past 25
years, holding positions with Salomon Smith Barney Inc., Citigroup
Inc. and HSBC, focusing on capital raising, portfolio management
and corporate advisory mandates. Through his career, Mr
Laufmann has advised and funded several ASX resource companies from
early stage venture capital, through to IPO, and discovery.
Mr Laufmann holds an Economics degree from the University of
Western Australia.
Christopher McFadden, Chief
Executive Officer, commented: "Karl is an excellent addition to our
existing Board and brings a demonstrated understanding of the
mining sector, particularly with respect to the Company's newly
acquired Pilbara project as well as in depth-knowledge of resource
capital markets".
About NxGold
NxGold is a Vancouver-based exploration company. The
Company owns 80% of the Mt. Roe gold project located in the Pilbara
region of Western Australia. The Company has also
entered into an earn-in agreement with Meliadine Gold Ltd. to earn
up to a 70% interest in the Kuulu Project (formerly known as the
Peter Lake Gold Project) in Nunavut and an earn-in agreement to earn up to
a 100% interest in the Chicobi Project located within the prolific
Abitibi Greenstone Belt in Québec.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE NxGold Ltd.
