The Board has started the formal search for a new CEO. 

"The succession process to replace Philip is something that the Board was well prepared for. All appropriate candidates are being considered and we expect to be able to update the market on progress over the course of the summer. In the meantime, it is business as usual, and we are focused on executing our plans and delivering for all our stakeholders," said Adam Crozier, Chairman. 

Price Action: BTGOF shares closed higher by 2.30% at $1.555 on Friday.

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