Mario Garnero Retires from GoldMining Inc. Board of Directors

Brazilian businessman Mario Garnero, chairman of Brasilinvest, has retired from the board of directors of GoldMining Inc., the Canadian company announced today. He will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.

Mario Bernardo Garnero has been granted 100,000 incentive stock options, exercisable for a period of five years, at a price of $1.21 USD per share.

The company praised the younger Garnero, who holds degrees from Fundação Armando Álvares Penteado and the American University of Paris, for his experience with the Garnero Group and Brasilinvest, which remains a strategic partner of GoldMining Inc.

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“Our longstanding strategic relationship with Brasilinvest…continues through the appointment of Mario Bernardo Garnero to our board of our directors,” said Amir Adnani, chairman of the Vancouver-based GoldMining. “We are confident that he will provide significant contributions as a board member based on his strong business and international experience.”

Photo: Mario Garnero, chairman of BrasilInvest Group, has retired from the GoldMining Inc. board of directors. (Photo credit: Ben Hider)