Doug Willock
Executive Chairman at Ouro Resources Inc- Claim this Profile
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Bio
Experience
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Ouro Resources Inc.
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Canada
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Mining
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1 - 100 Employee
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Executive Chairman
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May 2018 - Present
Ouro Resources Inc. is a private Ontario company seeking advanced gold exploration properties in Brazil. Ouro Resources Inc. is a private Ontario company seeking advanced gold exploration properties in Brazil.
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Meridian Mining S.E.
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Toronto, Canada Area
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Director
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May 2015 - May 2018
Meridian Mining is focused on acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on exploring and developing the Espigão manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondônia. The Company employs a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-commodity regional exploration program. Meridian is currently producing high grade manganese at its project located at Espigão do Oeste. Show less
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Director
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Sep 2012 - Apr 2017
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Jaguar Mining Inc.
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Toronto, Canada and Belo Horizonte, Brazil
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CFO
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Jan 2013 - Apr 2014
Originally and advisor to arrange a $30 million secured bridge financing which closed in Q4 2012. Subsequently appointed CFO in January 2013 of this 100,000 ounce gold producer in Belo Horizonte, Brazil. Joined as part of a 4 man team to restructure the operations and balance sheet of this challenged junior mining company. During 2013, all-in costs for gold sold dropped 17% from $1,607 to uunder $1,100 per oz, while the price of gold declined 26%. Worked with two investment banks, approximately 31 law firms in Canada, the United States and Brazil to resolve various restructuring and legacy issues of this former NYSE and TSX listed company. Structured a $50 million backstopped financing from certain of the Convertible Debenture holders on emergence from Court protection in Ontario under the Companies' Creditors Arrangement Act where $268.5 million in Convertible Debentures was converted into equity. Show less
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Polar Star Mining Corporation
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Toronto, Canada Area
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Pres. & CEO, Director
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2006 - 2012
Established a property portfolio of over 370,000 hectares in Chile. In 2011 completed a 20,000 metre drill programme at Montezuma (located south of Codelco's Chuquicamata Mine), brought into production a small epithermal gold mine and announced three option agreements, on of them with BHP Billiton covering 172,800 hectares. Formed Polar Star in August 2003 to bid for precious metals of a leading copper producer in Finland. Subsequently evaluated other opportunities until going to Chile in January 2007. raised over $25 million in several equity issues. Show less
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Exall Resources Limited
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Toronto, Canada Area
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VP, Corporate Development and Director
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Jun 2001 - Dec 2006
Restructured company by selling interest in gold mine, acquiring an interest in an Alberta oil and gas filed and joint venturing a dormant property in Red Lake, ON. In 2006, completed merger with joint venture partner for approximately $300 million, renamed as Gold Eagle Mines Ltd. and spun out oil and gas assets. Gold Eagle Mines Ltd. subsequently acquired by Goldcorp for $1.2 billion in September 2008. Restructured company by selling interest in gold mine, acquiring an interest in an Alberta oil and gas filed and joint venturing a dormant property in Red Lake, ON. In 2006, completed merger with joint venture partner for approximately $300 million, renamed as Gold Eagle Mines Ltd. and spun out oil and gas assets. Gold Eagle Mines Ltd. subsequently acquired by Goldcorp for $1.2 billion in September 2008.
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Laurentian Bank
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Canada
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Banking
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700 & Above Employee
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Financial Advisor
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Dec 2000 - May 2001
• Advisor to Chief Financial Officer of B2B Trust for its initial public offering. B2B Trust was a subsidiary of Laurentian Bank of Canada. • Responsible for establishing the terms of the Master Service Agreement between B2B Trust and nine departments of the Bank. Reviewed and integrated annual budget for each department and set out terms of financial charges. • Advisor to Chief Financial Officer of B2B Trust for its initial public offering. B2B Trust was a subsidiary of Laurentian Bank of Canada. • Responsible for establishing the terms of the Master Service Agreement between B2B Trust and nine departments of the Bank. Reviewed and integrated annual budget for each department and set out terms of financial charges.
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Lévesque Beaubien Geoffrion Inc. (Now known as National Bank Financial)
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Toronto, Canada Area
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Senior Vice President and Director
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Mar 1996 - Aug 1999
Mandate was to establish Lévesque Beaubien Geoffrion Inc.’s investment banking mining sector practice on a business partnership model. Raised $3.8 billion through nine syndicates in the first year and developed new client relationships every month despite adverse industry market conditions through new financing assignments, valuations, fairness opinions and merger and acquisition proposals. Developed and instituted a national account coverage program. Mandate was to establish Lévesque Beaubien Geoffrion Inc.’s investment banking mining sector practice on a business partnership model. Raised $3.8 billion through nine syndicates in the first year and developed new client relationships every month despite adverse industry market conditions through new financing assignments, valuations, fairness opinions and merger and acquisition proposals. Developed and instituted a national account coverage program.
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Deutsche Bank Securities Ltd.
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Toronto, Canada Area
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Vice President and Director
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Dec 1992 - Feb 1996
Mandate was to build and expand Deutsche Bank Canada’s investment banking practice in Canada and with Deutsche Bank’s worldwide network. Began biotechnology investment banking practice by realizing $100 million for Cangene Corporation through sale of technology and effecting a reverse-takeover. Completed fairness opinions and was awarded financial advisory assignments and new issue business for natural resource and manufacturing industries. Mandate was to build and expand Deutsche Bank Canada’s investment banking practice in Canada and with Deutsche Bank’s worldwide network. Began biotechnology investment banking practice by realizing $100 million for Cangene Corporation through sale of technology and effecting a reverse-takeover. Completed fairness opinions and was awarded financial advisory assignments and new issue business for natural resource and manufacturing industries.
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Scotia Capital Markets (Now known as Scotia Bank)
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Toronto, Canada Area
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Vice President
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Aug 1987 - Nov 1992
Investment banking experience in a broad range of industry sectors including biotechnology and pharmaceuticals, automotive parts, financial services, food processing, news media, oil and gas, high technology and real estate. Provided issuers with extensive analysis of fixed and floating interest rate and currency swaps with a view to the accounting and tax issues. Acted for a junior NASDAQ-listed US technology company in its acquisition of a Canadian crown corporation’s controlling interest in a NYSE listed distributor and secured new source of equity financing in the US. Show less
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Wood Gundy Limited (Now known as CIBC Capital Markets)
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Toronto, Canada Area
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Assistant Vice President
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Apr 1983 - Jul 1987
Extensive experience in new issues for high technology, financial institutions and natural resource companies. Key member of team that established Wood Gundy’s Shanghai-based investment banking practice in 1986, the first in China by any Canadian-based investment bank. Extensive experience in new issues for high technology, financial institutions and natural resource companies. Key member of team that established Wood Gundy’s Shanghai-based investment banking practice in 1986, the first in China by any Canadian-based investment bank.
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Bank of Montreal
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Toronto, Canada Area, New York, USA and Mexico City, Mexico
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Manager
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Jul 1980 - Mar 1983
Part of Project Finance Team that analyzed, negotiated, documented and executed large non-recourse financings in North America and Australasia. Part of Project Finance Team that analyzed, negotiated, documented and executed large non-recourse financings in North America and Australasia.
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Education
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Ivey Business School at Western University
Master of Business Administration - MBA, Finance, General -
The University of British Columbia
Bachelor of Arts - BA, Chinese, Japanese and Brazilian History