TORONTO, Dec. 15, 2016
/CNW/ - CobalTech Mining Inc. (TSX-V: CSK)
(the "Company" or "CobalTech"), is
pleased to announce the appointment of Mr. Bruce Bragagnolo, LLB as the Chairman of its
Board of Directors.
Mr. Bragagnolo was the co-founder and former Chief Executive
Officer of Timmins Gold Corp., an emerging intermediate,
Mexican-focused gold producer. He was also the co-founder and the
former CEO of Silvermex Resources Ltd., a silver explorer which was
acquired by First Majestic Silver in 2011 for a market
capitalization of $120 million. Mr.
Bragagnolo is also the Chairman of the Board of Directors of Inca
One Gold Corp., a Canadian-based mineral processing company with a
gold milling facility in Peru.
"We are extremely pleased to welcome to our Board a director
with Mr. Bragagnolo's qualifications and experience. His
involvement will complement our current board bringing demonstrated
and relevant industry experience and strategic acumen to the
table," said Antoine Fournier,
President and CEO of CobalTech. "His track record building and
guiding Timmins Gold through its
successful growth period will be a valuable asset to CobalTech at
this exciting time in our development and will further support our
strategy to deliver value to our stakeholders through good
governance, operational excellence, and continued growth."
Spiro Kletas resigned as a
director of CobalTech but has agreed to continue acting as an
advisor to the Company to assist with the transition in the change
of management. The Board of Directors would like to thank Mr.
Kletas for all of his hard work and dedication, and wishes him all
the best in his future endeavours.
About CobalTech:
CobalTech Mining Inc. is a cobalt
mining and processing company based in Ontario, Canada. The company owns and operates
the Duncan Kerr Property located outside of Cobalt, Ontario, in an area known for its
geological setting responsible for unique mineralization composed
of quartz-carbonate veins enriched in
silver-cobalt-nickel-bismuth-arsenic. The company's assets and
technology have provided them the foundation to become North America's first vertically integrated
cobalt processing company with the capacity to take mineralized ore
through production to high-tech metals for use in the lithium
battery industry. The company is committed to operating within the
strict environmental, health, and safety framework governed by the
e3 Plus regulation put forth by the Prospectors & Developers
Association of Canada (PDAC).
ON BEHALF OF THE BOARD
(signed) "Antoine
Fournier"
Antoine Fournier, P. Geo., M.Sc.
President, Chief Executive Officer and Secretary
Telephone: (819) 354-5215
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding "Forward-Looking"
Information
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as "plans",
"expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond the Company's
control. Actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
SOURCE Cobaltech Mining Inc.