Ann: Bardoc to raise up to $11.3m via Placement and Rights issue, page-4

To be honest quite impressed with the appointment of the chairman, I very positive step to advancement with exploration and development.

To key points that announcement makes,


1. Strengthening the board

Following completion of the Placement, highly experienced corporate executive Mr Tony Leibowitz will join the Bardoc board and it is proposed that he will be appointed as Chairman. Mr Leibowitz has also committed to subscribe for $250,000 in the current Placement.Mr Leibowitz has over 30 years of corporate finance, investment banking and broad commercial experience and has a proven track record of providing the necessary skills and guidance to assist companies to grow and generate sustained shareholder value.Previous roles include Chandler Macleod Limited and Pilbara Minerals Limited, where as Chairman and an early investor in both companies, he was responsible for substantial increases in shareholder value and returns. Mr Leibowitz was previously a global partner at PricewaterhouseCoopers and is a Fellow of the Institute of Chartered Accountants in Australia.Concurrent with the appointment of Mr Leibowitz to the board, Mr David Hatch and Mr Sam Randazzo will step down from the board. The Company would like to take this opportunity to sincerely thank Mr Hatch and Mr Randazzo for their significant contribution and periods of service to the boards of both Bardoc Gold and Excelsior Gold Limited.

Doing some google research I am very happy with this.

Tony has a proven track record of generating significant shareholder value – most notably as previous Chairman of Chandler Macleod Ltd and Pilbara Minerals Ltd (PLS).

https://www.ensurance.com.au/people/


2. Successful capital raising.

The strongly supported capital raising will result in the introduction of a number of strategic international high net worth investors to the Bardoc register. Several existing cornerstone shareholders are also participating in the Placement. The New Shares to be issued under the Placement will rank equally with the existing ordinary shares on issue.

This indicates that the board of directors has been successful with the vision of the company to investors especially overseas investors.

A lot of comments about the company and board positive and negative. Though this announcement indicates progress and progression towards development and operations.