Cap-Ex Appoints New CFO and Corporate Secretary
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/13 -- Cap-Ex
Iron Ore Ltd (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex"
or the "Company") is pleased to announce the appointment of Martin
Burian, CA, CBV as Chief Financial Officer and Jasvir Kaloti as
Corporate Secretary of the Company.
Mr. Burian has over eighteen years of investment banking experience.
He brings wealth of knowledge and expertise in corporate finance and
advisory services on M&A processes and consulting to growth
companies, particularly within the mining sector. Mr. Burian was most
recently Managing Director of Investment Banking at Haywood
Securities Inc. from 2010 until mid 2013, prior to which he served as
President of Bolder Investment Partners from 2009 until its merger
with Haywood Securities in 2010. Mr. Burian obtained his Chartered
Accountant and Chartered Business Valuator designation while at KPMG
and obtained his Bachelor of Commerce from the University of British
Columbia in 1986.
The appointment of Mr. Martin Burian follows the resignation of Mr.
Paul Bozoki as Chief Financial Officer. The Company would like to
thanks Mr. Bozoki for his contributions and wish him well in his
The Company also announces the re-appointment of Jasvir Kaloti as
Corporate Secretary. Ms Kaloti has over 15 years of experience in the
finance industry and is an independent consultant for publically
listed companies in the mining sector. Ms. Kaloti has been working
with Cap-Ex since inception. She completed her Bachelor of Business
Administration from Simon Fraser University in 1993.
Graham Harris, CEO comments, "We welcome Mr. Burian and Ms. Kaloti to
our management team. We are confident that their professional
experience, expertise and knowledge will prove to be very valuable as
the Company searches for a strategic partner."
About Cap-Ex Iron Ore Ltd.
Cap-Ex Iron Ore Ltd. is a Canadian listed company, focused on the
development of its wholly owned Block 103 Iron Ore Project in the
Labrador Trough, near the mining town of Schefferville, Quebec. The
Block 103 property is strategically located close to an existing
railway that can provide a direct link to a shipping port and is
adjacent to Tata Steel-New Millenium Iron Corp. LabMag and KeMag
deposits and the Tata-New Millennium oxide deposits to the east.
For additional information please visit the Company's website at
CAP-EX IRON ORE LTD.
On behalf of the Board
Graham Harris, CEO and Director
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements with respect to the development potential of the Company's
Block 103 iron ore property, future exploration plans, future
production, future operating and capital costs, the projected IRR,
NPV and payback period, details about infrastructure and the expected
timing for completion of a feasibility study. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information.
There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cap-Ex Iron Ore Ltd.
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