Quadro Resources names new CEO, grants stock options

Quadro Resources Ltd. (TSXV: QRO) (FSE: G4O) has appointed Pieter Bakker as Chief Executive Officer and President, effective October 22, 2026, according to a company press release.

Bakker, who previously served as a director of Quadro, has more than 15 years of experience in the mineral resource sector, including corporate finance, capital markets and public company administration. He holds an Executive MBA from Simon Fraser University.

Bakker succeeds T. Barry Coughlan, who will remain with the company as Executive Chairman of the board of directors.

"My focus will be on working to secure capital to advance our projects, allocating resources carefully and considering opportunities to grow Quadro where there is a clear benefit to shareholders," Bakker said.

The company also announced that Wayne Reid has resigned as Vice President, Exploration. John Peters has been appointed to that role, also effective October 22, 2026. Reid will continue as a consultant. Peters is a geologist with more than 40 years of exploration and mining experience in Canada and internationally, with prior project roles involving Sumitomo Mining, Capstone Mining and Gold Fields Canada.

Quadro also granted 550,000 incentive stock options to directors, officers and consultants under its stock option plan. The options are exercisable at $0.07 per common share for terms of three and five years from the grant date, subject to TSX Venture Exchange requirements.

Quadro is a mineral exploration company focused on gold exploration in North America. It holds a 49% interest in the Staghorn property in Newfoundland and Labrador, with TRU Precious Metals Corp. holding the remaining 51%. The company also holds 100% ownership of its Long Lake property, also located along the Cape Ray Fault in Newfoundland and Labrador. The company has approximately 36 million shares outstanding.

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