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Blackrock Gold appoints Aurania Resources CFO Tony Wood to board

Over the last 20 years, Wood has successfully completed nearly $1 billion in financing and M&A transactions in the mining industry

board room
Blackrock granted 240,000 stock options to Wood worth $0.055 per share for 5 years

Blackrock Gold Corp (CVE:BRC) announced Tuesday it has appointed long-time mining industry veteran Tony Wood to its board of directors.

Wood currently serves as CFO of Aurania Resources Inc. (CVE:ARU), a junior miner focused on precious metals and copper. He also served as CFO for Prodigy Gold Inc and Rye Patch Gold Corp.

Over the last 20 years, Wood has successfully completed close to $1 billion in financing and merger/acquisition transactions in the mining industry, according to a statement from Blackrock.

READ: Blackrock Gold appoints mining veteran William Howald as executive chairman

“Tony's addition to the team brings a needed financial dynamic to our board, and allows for shareholders to benefit from his established track record of driving growth,’ said CEO Andrew Pollard.

“I first came to know Tony was when he was CFO for Prodigy Gold, where he proved pivotal in guiding that company through its expansion and rapid growth from a market capitalization of $25 million until its $341 million sale, a little over two years later.” 

Pollard also noted that Wood, when he served as CFO of Rye Patch Gold Corp., grew the company from a $15 million explorer into commercial production -- and presided over a merger valued at $128 million three years later.

In other news, the Vancouver, British Columbia-based company granted 240,000 incentive stock options to Wood. The options may be exercised at a price of $0.055 per share for a term of 5 years.

Blackrock’s stock added a penny to C$0.08 per share in morning trading in Toronto.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Blackrock Gold Corp

Price: 0.47 CAD

Market: TSX-V
Market Cap: $43.27 m

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