California Gold Provides Corporate Update and Completes Subordinated Loan Financing

TORONTO, Nov. 06, 2020 (GLOBE NEWSWIRE) — California Gold Mining Inc. (CSE:CGM) (“ California Gold ” or the “ Company ”) is today announcing a strategic review by Special Committee and the completion of a subordinated loan financing.

Special Committee

Following the announcement on September 30, 2020 regarding the appointment of Mr. Scott Rasenberg as Chair of the Board in replacement of Mr. Patrick Cronin and Mr. Larry Phillips as Interim President & CEO, following the termination of Mr. Vishal Gupta, the board of directors (the “ Board ”) and the new management team have concluded an initial review of the Company’s operations and financial position, including an assessment of short term cash requirements for the orderly continuation of the business of the Company.

The Board has created a special committee, comprised of Scott Rasenberg, Larry Phillips and William Tomlinson (the “ Special Committee ”), to carry out a review […]

Click here to view original web page at au.news.yahoo.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.