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- African Gold (A1G) appoints Phillip Gallagher as its new Managing Director
- Previously MD of Canyon Resources (CAY), Mr Gallagher has extensive experience in mineral exploration in West Africa
- As such, A1G believes Mr Gallagher will prove “invaluable” to the company as it continues its exploration and development programs in Cote D’Ivoire and Mali
- The incoming MD takes over from CEO and Exploration Manager Glen Edwards, who will officially leave A1G on October 3
- A1G shares last traded at 9.5 cents on August 15
African Gold (A1G) has appointed Phillip Gallagher as its new Managing Director.
Mr Gallagher was the co-founder of Canyon Resources (CAY) and served as its Managing Director for 12 years.
During his tenure at Canyon, Mr Gallagher oversaw numerous gold exploration programs in Burkina Faso and operations at the Minim Martap bauxite project in Cameroon.
A1G said Mr Gallagher’s extensive experience in mineral exploration in West Africa would be “invaluable” to the company as it continued its exploration and development programs in Cote D’Ivoire and Mali.
In joining African Gold, Mr Gallagher will receive an annual salary of $220,000 including superannuation and the ability to participate in short and long-term incentives.
Mr Gallagher will also receive two million unquoted options exercisable at 15 cents and a further two million, subject to shareholder approval, exercisable at 20 cents. Both lots of options expire three years from their date of issue.
Mr Gallagher takes over from CEO and Exploration Manager Glen Edwards, who will officially leave A1G on October 3.
African Gold thanked Mr Edwards for his hard work and wished him the best in the future.
A1G shares last traded at 9.5 cents on August 15.
