(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc. SolGold is a Brisbane, Australia-based, Ecuador-focused developer of copper gold deposits, which earlier this month announced a merger with Cornerstone Capital, a Canadian exploration company similarly focused on Ecuador and Chile. According to the deal, which was unanimously approved by both boards, SolGold will buy all the issued and outstanding shares of Cornerstone, excluding shares it already holds either directly or indirectly. Cornerstone shares will be exchanged for 15 SolGold ordinary shares for each Cornerstone common share held. Both Caldwell and Vujcic were nominated to the board by Cornerstone Capital. Caldwell is a mining engineer with over 40 years experience in the global mining industry.