TRX Gold (TSX:TNX, NYSE-A:TRX) Corporation has announced the appointment of Shubo Rakhit as the chair of its board of directors.
The gold project developer said Rakhit‘s 30-plus year career has included senior positions at several global and Canadian investment banks and advisory firms including CIBC, Bank of Nova Scotia (TSX:BNS), Bank of America Securities, KPMG Corporate Finance and Echelon Wealth Partners.
"Since joining the Board in 2021, Shubo has been a major contributor to the strategic and successful advancement of the Buckreef Gold Project," TRX Gold (TSX:TNX, NYSE-A:TRX) CEO Stephen Mullowney said in a statement.
"He has also been a valuable and active member of TRX Gold’s Audit & Risk Committee, as the Chair of the Corporate Governance Committee and as an active member of the Buckreef Gold Project Board of Directors, which includes members from joint venture partners STAMICO, a Tanzanian Government Agency," he added.
TRX said the strength of Rakhit‘s relationships is characterized by authenticity and trust that will assist the company in broadening its access to capital markets and its strategic direction at a time of rapid growth for the organization.
TRX Gold is rapidly advancing the Buckreef Gold project, which currently hosts an NI 43-101 Measured and Indicated Mineral Resource of 35.88 million tonnes (Mt) at 1.77 grams per tonne (g/t) gold containing 2,036,280 ounces of gold and an Inferred Mineral Resource of 17.8 Mt at 1.11 g/t gold for 635,540 ounces of gold.
Contact Sean at sean@proactiveinvestors.com