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Q-Gold grants stock options and appoints new chief financial officer

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Global Mining Review,

Q-Gold Resources Ltd. has granted a total of 900 000 stock options to certain officers, directors and consultants of the company pursuant to the company’s stock option plan.

The stock options vest immediately and may be exercised at a price of CAN$0.20 per option for a period of three years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

The company is also pleased to announce that the board of directors of the company has appointed Stephen Woodhead as the Chief Financial Officer of the company. Woodhead is a graduate of the University of Cape Town and a member of the South African Institute of Chartered Accountants. Woodhead has over 25 years of experience having worked for the South African Department of Finance and Trans Hex Group, a South African diamond producer, before relocating to Canada in 1997 as Chief Financial Officer of Trans Hex International. From 2003 until it was acquired by Yamana Gold in 2006, Woodhead was the Chief Financial Officer of Desert Sun Mining, developer of the Jacobina gold mine in Brazil, and in 2011 and 2012 was Chief Financial officer of Crocodile Gold Corp. Woodhead has also acted as Chief Financial Officer of Admiral Bay Resources (oil and gas), Beartooth Platinum (platinum group metals), Longford (oil and gas), Aberdeen International (royalty), Sanatana Diamonds (diamonds) and Homeland Energy (coal); as Vice President, Finance of Glass Earth (gold) and Luiri Gold (gold); and has served as a director of Apogee Minerals (silver) and Vaaldiam Mining (diamonds).

Woodhead replaces Deborah Battiston, the former Chief Financial Officer of the company. Management and board of directors of the company have thanked Battiston for her services and continued support of the company.

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