Mr. Albert Matter
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NULEGACY GOLD ANNOUNCES CFO CHANGE
As part of its continuing efforts to streamline operations and reduce corporate costs, NuLegacy Gold Corp. has appointed, on a part-time basis, Xavier Wenzel, CPA, CA, as its new chief financial officer. Mr. Wenzel is a chartered professional accountant with over 25 years of experience in public practice (including audit and tax expertise) and financial and regulatory reporting for public companies, including Ely Gold Royalties Inc. and Guanajuato Silver Company Ltd., under IFRS (international financial reporting standards) and U.S. GAAP (generally accepted accounting principles).
Mr. Wenzel has also acted in senior financial management roles, including chief financial officer for a number of publicly traded companies and is currently a principal with Fehr & Associates, a registered accounting practice. In conjunction with such appointment, NuLegacy has engaged Fehr & Associates to provide certain financial and accounting consulting services and granted incentive stock options to purchase up to 500,000 common shares for a period of five years at a price of six cents per share, subject to vesting requirements.
Danny Lee has stepped down as full-time chief financial officer of NuLegacy and the company wishes to thank Mr. Lee for his efforts during the expansionary period of the company's growth.
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