Freedom Gold Corp. announced the appointment of John Shurko as Chief Executive Officer and director, effective immediately. Shurko, a co-founder and former President of 21Alpha Resources Inc., succeeds Veronique Laberge, who resigned as interim CEO and director but will remain as Chief Financial Officer.
The Vancouver-based miner, focused on gold exploration in Nova Scotia and Quebec, also disclosed plans for a non-brokered private placement of up to 4,444,444 flow-through common shares at C$0.18 per share, targeting gross proceeds of C$800,000. The offering is scheduled to close on or about September 30, 2026, with all issued securities subject to a four-month and one-day hold period.
Proceeds from the placement will fund Canadian exploration expenses qualifying as flow-through mining expenditures on the company’s Nova Scotia properties, including the Blockhouse, Widow Point, Frenchvale, and Westfield projects. Freedom Gold holds an option agreement for the Westfield Property, executed on June 4, 2026.
Under the offering’s terms, qualifying expenditures equal to the gross proceeds must be incurred between the closing date and December 31, 2027, with renunciation to subscribers no later than December 31, 2026. The company noted that certain insiders may participate in the offering, constituting related-party transactions under Multilateral Instrument 61-101.
Shurko brings over a decade of mineral exploration experience, having led programs exceeding C$1.4 million since 2016. His expertise includes prospecting, soil geochemistry, core studies, reverse-circulation drilling, more than 4,000 meters of diamond drilling, and coordination of airborne and ground geophysical surveys.
