Orezone Gold Makes Changes to Management
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Orezone Gold Corporation has made changes to management.
The board of directors and Ronald Little have agreed that he will step down as president, chief executive officer and director of the company effective today.
Patrick Downey, who is currently executive chairman, has been appointed president and CEO of Orezone. Downey was appointed non-executive chairman in September 2016 and subsequently was appointed executive chairman in January 2017. Downey will now step down from the executive chairman role.
Keith Peck will assume the role of chairman of the board and work closely with Downey on overall corporate strategy. Peck has been a director since 2011.
Patrick Downey has more than 30 years of international experience in the resource industry. He held the position of president, chief executive officer and director for Elgin Mining Inc. prior to its acquisition by Mandalay Resources Inc., Aura Minerals Inc. and previously Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006 for $600 million. Downey also served as president of Oliver Gold Corporation, where he negotiated their successful merger to form Canico Resource Corp., which was purchased by CVRD in 2006 for over $800 million. He has held numerous senior engineering positions at several large-scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. Downey holds a Bachelor of Science (Honours) degree in Engineering from Queen’s University in Belfast, Ireland.
Keith Peck is chairman and chief executive officer of Lincoln Peck Financial Inc., a financial advisory firm focused on the resource sector. He has more than 30 years of investment banking experience and has a broad business background that includes financings in public and private markets and mergers and acquisitions.
About Orezone Gold Corporation
Orezone is a Canadian company with a successful gold discovery track record and mine development experience in Burkina Faso, West Africa. The company owns a 100 percent interest in Bombore, the largest and now fully permitted undeveloped oxide gold deposit in West Africa, situated 85 km east of the capital city, adjacent to an international highway. The company has completed a feasibility study, has received all environmental approvals and expects to be in a position to make a production decision in 2017 pending completion of a full project financing.
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