Trillium Gold Mines Inc. (TSXV:TGM) (OTCMKTS:TGLDF): Robert Schafer Steps Down as Non-Executive Chairman of Trillium Gold Mines

Shares of Trillium Gold Mines Inc. (TSXV:TGM) (OTCMKTS:TGLDF) went up a bit last week.

Market Action

On Friday, TGLDF stock fell 2.41% to $0.4335 with 6.8K shares, compared to its average volume of 4.9K shares. The stock moved within a range of $0.4087 – 0.4335 after opening trade at $0.4087.

Trillium Gold Announces Change to Board of Directors

Referring to the news release on February 04, 2022, Trillium Gold Mines Inc. (TSXV: TGM) (OTCMKTS:TGLDF) has announced that Robert Schafer has stepped down from his position as non-Executive Chairman effective immediately to focus on other commitments. Trillium Gold’s President, CEO and Director, Russell Starr, has filled the position of Chariman on an interim basis.

Trillium Gold Mines focuses on acquiring, exploring, and developing mineral properties located in the Red Lake Mining District of Northern Ontario. It is also working on a regional-scale consolidation strategy, so it has assembled the largest prospective land package in and around the Red Lake mining district in proximity to major mines and deposits, as well as the Confederation Lake and Birch-Uchi greenstone belts.

Russell Starr states that Robert Schafer’s tenure as a Director of the company since July 2020 has been extremely fruitful, while he has made several contributions towards the growth of Trillium Gold. They are immensely grateful for his passion and dedication, with which he has served the company consistently. It is sure to propel the company into a new era in gold exploration in the Red Lake Mining District. The company has interests in highly prospective properties in Larder Lake, Ontario and the Matagami and Chibougamau areas of Quebec too.

Key Quote

Russell Starr commented, “Bob has served as a Director of the Company since July 2020 during which time he has made innumerable contributions to the Company’s growth. We wish to express our sincerest gratitude for his dedicated commitment as we look ahead to launch Trillium Gold into a new era in gold exploration in the Red Lake Mining District.”

Traders Note

TGLDF stock is trading below the 50-Day and 100-Day Moving averages of $0.5455 and $0.5833. Moreover, the stock is trading is the neutral zone with RSI stands at 38.

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