South American Gold Corp Names New Director of Uruguayan Cannabis Operations
Richmond, IN, September 1, 2015 (Newswire.com) - South American Gold Corp. (PINKSHEETS: SAGD / PINKSHEETS: SAGDD) named Mr. Gustavo Schiavo director of Uruguayan cannabis operations. Mr. Schiavo will be responsible for leading the implementation of SAGD’s new strategic push into providing services, products and education into the recently liberalized Uruguayan cannabis markets.
“When we started the executive search we thought we would have to choose between someone with a strong entrepreneurial background or someone with significant local political connections,” said CEO Marianne Rasmussen. “However, Mr. Schiavo is an incredibly rare blend of leadership, entrepreneurial talent, international trade experience, and political connections necessary to execute on our strategic vision.”
Mr. Schiavo has over 20 years of running successful entrepreneurial and international trading companies in Uruguay and recently concluded nearly two decades of service in Uruguay’s diplomatic corps as Uruguay’s Consul General in Spain.
“We are excited to immediately begin working with Mr. Schiavo to identify local expertise and value-added products that will help us develop Uruguay as a regional center for high-quality cannabis cultivation and further enhance the bottom line of those participating in this growing market,” continued Rasmussen.
In addition to the addition of Mr. Gustavo, South American Gold Corp. also effectuated a 1:2000 reverse stock split that was effective August 27, 2015.
About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.
Forward-Looking Statements:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and other risks. Actual results may differ materially from such forward-looking statements.