08:22 AM EST, 01/17/2022 (MT Newswires) -- MacDonald Mines Exploration (BMK.V) said on Monday it has appointed Greg Romain as President and CEO, effective immediately. Romain succeeds Stuart Adair, who will remain as a director. Adair was appointed interim CEO in September last year after the departure of Mia Boiridy.

According to a statement, Romain has over 30 years of experience in the mining and related industries. Most recently, he was President and CEO of Gowest Gold Ltd. (GWA.V) from 2008 to 2021. Prior to that, he was President of Norcast Castings Ltd for six years and President and CEO of Norcast Income Fund for two years.

"His many years in exploration, development, and mining, as well as capital markets and corporate management experience make Greg an excellent fit and the perfect candidate to lead the company forward in achieving its long-term strategic goals," said Adair. MacDonald Mines said it has granted Romain 1.25 million stock options, of which half vest immediately and half in six months' time. The options allow him to buy the same number of common shares at $0.05 apiece for a period of five years.