Freeman Gold (FMAN.C) has appointed Paul Matysek as its new chairman. Matysel was already a member of the Strategic Advisory Committee and is now moving up the totem pole at Freeman, undoubtedly because he has more time on his hands after completing the sale of Gold X Mining to Gran Colombia (GCM.TO) just a few months ago. Matysek has a few corporate sales under his belt and that likely helped boost the share price upon the announcement of his appointment, and it likely also helps Matysek will once again form a team with Will Randall (CEO) and Bassam Moubarak (CFO).
In conjunction with the appointment, Freeman Gold is conducting a C$3M placement at C$0.26 (the maximum discount compared to the C$0.35 closing price the day before the announcement) with each unit consisting of a share and a full warrant with an exercise price of C$0.35. Unfortunately those sweetheart deal terms only seem to be available to insiders and close friends.
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