Anderson Joins Lion One

An investment banker has joined the ranks of board directors at Lion One. David Anderson's 30-plus years of capital markets experience, strate­gic insight, energy, and leadership will be valuable to Lion One, owner of Tuvatu Gold Mines in Sabeto.

President and chief executive of­ficer, Wally Berukoff, said Mr An­derson's demonstrated expertise in supporting companies through growth initiatives and strengthen­ing their investor bases, was ex­pected to turn the company around.

Mr Anderson managed numerous high-profile mergers, acquisitions, and restructuring initiatives, and has acted as lead advisor for over 50 companies in going public transac­tions.

He was one of the founders and former vice chairman of Dundee Securities Limited in Toronto, where he was head of investment banking for 18 years from 1998 to 2016.

At Dundee, Mr Anderson was in­strumental in creating one of the largest and most successful inde­pendent investment dealers in Can­ada, managing a team of 40 invest­ment bankers nationwide.

"David brings a strong track re­cord in capital markets," Mr Beru­koff said.

From 2017 to 2020, Mr Anderson was vice chairman of investment banking at Echelon Partners in Toronto, focused on capital raising and M&A services in the resource, real estate, health care, technology, industrial, and cannabis sectors.

From 2020 to 2023, Mr Anderson was head of capital markets for Industrial Alliance where his over­sight included investment banking, syndication, institutional sales and trading, fixed income activi­ties, and a team focused on funding initiatives and corporate relation­ships in the mining, energy, real estate, health care and industrial sectors.

The announcement comes a month after Arete Capital bought 9.9 per cent of Lion One shares. Under its strategic agreement with Lion One, Arete Capital was enti­tled to nominate one director to the company's board of directors.

Arete has taken over management services for the operation of the Tuvatu Gold Mine.