30 September 2019
TerraX announced an agreement to acquire ‘Gold Matter Corporation’ a privately held company in a share for share transaction.
The founder and one of the principal investors is Gerald Panneton. Upon TSX-V approval Gerald will join TerraX as Executive Chairman and his long term colleague Louis Dionne will join as a director. Together they bring a wealth of experience and success primarily demonstrated in building Detour Gold. We expect Gerald will bring significant technical purview and support as well as outstanding fundraising ability. As CEO I am proud of our team and the project to have attracted the validation of someone with Mr. Panneton’s profile and experience.
The timing of the transaction is intended to come at a pivotal time for our company. Mr. Panneton brings tremendous enthusiasm for the potential at the Yellowknife Gold Project and I look forward to introducing him to all of you in due course.
“The $2.6 billion raised to build the Detour Lake Gold Mine from acquisition to production in only six years is a testament to Mr. Panneton’s value creation and capital raising ability.” – David Suda
“The Yellowknife camp with its multiple high-grade zones has all the potential to become the next Detour Lake and beyond.”
-Gerald Panneton