Roscan Gold (ROS.V) has made a few substantial changes as former CEO Greg Isenor has moved to the Executive Vice-Chairman position to allow two new people to the management team. Nana Sangmuah is now the company’s president and CEO while Andrew Ramcharan has accepted a position as Executive Vice President Corporate Development and IR.
Sangmuah was the managing director for the metals and mining research division of Clarus Securities, the Toronto based brokerage firm that played an important role in Roscan’s recent financings including the recently closed C$4.5M financing at C$0.10 per share. With experience in both the capital markets as well as West African mining stories, Sangmuah probably has some good connections that will help Roscan to further unlock the value of its Kandiole gold project in Mali.
Ramcharan also has two decades of experience under his belt with recent stints at IAMgold (IAG, IMG.TO) and as a Managing Director at Sprott Resource. These two new additions to the management team come hot on the heels of Roscan having appointed Michael Gentile as strategic advisor to the company. Gentile currently owns in excess of 5% (13.25M shares according to SEDI of which 10.25M shares are directly owned and 3M shares are owned in Consultant Financiere Integritas, Gentile’s company) of Roscan’s share count so his interests are aligned with the other Roscan shareholders.
Disclosure: The author has a long position in Roscan Gold. Roscan is a sponsor of the website.
