December 22, 2014 6:50 PM ET

Metals and Mining

Company Overview of 2328438 Ontario Inc.

Company Overview

2328438 Ontario Inc. explores and develops gold properties in north-eastern Tanzania, southern and western Ethiopia. The company is based in Toronto, Canada.

121 Richmond Street West

Suite 200

Toronto, ON M5H 2K1

Canada

Phone:

416-775-1001

Key Executives for 2328438 Ontario Inc.

Chief Executive Officer and President
Age: 52
Compensation as of Fiscal Year 2014.

2328438 Ontario Inc. Key Developments

2328438 Ontario Inc. Appoints Gerard Kisbey-Green as President and CEO

Panda Capital Inc. announced that its Qualifying Transaction target, 2328438 Ontario Inc. d.b.a. Aurigin Resources has appointed Gerard Kisbey-Green as President and CEO of 2328438 Ontario Inc. and will be appointed as President and CEO of Aurigin upon closing of the QT with the Corporation. Current CEO, Ben Smit will remain as Chairman. Mr. Kisbey-Green, with his experience, became the obvious choice not only to add the required gold experience but also to add his corporate management and banking experience on a full time basis as President and Chief Executive of the company. This step also allows for the separation of the Chairman and CEO roles with current CEO, Mr. Ben Smit remaining as Chairman and Mr. Kisbey-Green being appointed as full time and dedicated CEO.

2328438 Ontario Inc. Enters into Strategic Agreements with Gold Fields

Panda Capital Inc. reported that its Qualifying Transaction target, 2328438 Ontario Inc. d.b.a. Aurigin Resources has entered into three strategic agreements with a wholly-owned subsidiary of Gold Fields Limited, with respect to the exploration and development of its Menghe-Dul, Ethiopia Project and Kibremengist, Girja, Haranfama and Genale-Korcha, Ethiopia Project and a related equity investment by Gold Fields in the public company, expected to be named Aurigin Resources Inc., resulting from the proposed amalgamation between 2328438 Ontario Inc., Aurigin Resources Limited, Benzu Gold Limited and the Corporation.

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