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The Company has entered into binding agreements to earn up to 100% interest (subject to 10% mandatory state participation) in the Maboudou and the Banda-Kayes projects, each located in the Republic of Congo. Both areas, in total cover 8,100 square kilometres, are underlain by Neoproterozoic Metasediments of the West Congolian Belt, a highly prospective geological belt that traverses the Republic of Congo and extends north into Gabon and south into the Democratic Republic of Congo. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. Financial Strength: With a strong history of financial services expertise, Apollo, a leading global alternative investment manager with more than $240 billion in assets-under-management, is leading an investor group to sponsor the formation of Venerable - an insurance industry solution for legacy variable annuity businesses. Venerable is uniquely positioned for growth in delivering solutions to companies that seek to restructure their current variable annuity portfolios. Cutting Edge Solution on a Proven Variable Annuity Business Model: Trusted and experienced leaders are creating a dynamic, collaborative work environment – with the nimbleness and flexibility of a start-up and the solid foundation of a proven variable annuity platform that will leverage leading edge technology and cloud-based solutions. Employee Commitment: Venerable invests in our overall employee experience with opportunities for career development and enhancement in the financial services industry. We seek to provide all employees with the opportunity to positively influence a culture of commitment to our policyholders, investors and the communities where we live and work. Venerable offers a highly competitive compensation and benefits package, flexible working arrangements, volunteer opportunities, and generous paid-time-off.
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