Kamen Zahariev and Alexander Ordanian Nominated to Global Cobalt's Board
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/26/13 -- GLOBAL
COBALT CORP. (TSX VENTURE:GCO) ("Global Cobalt") (the "Company") is
pleased to announce that the Company's Board of Directors (the
"Board") has nominated Mr. Kamen Zahariev and Mr. Alexander Ordanian
to the Board.
"It is a privilege to have Mr. Zahariev and Mr. Ordanian as nominees
to the Global Cobalt Board. Their wealth of exposure in the
investment community and proven business leadership will prove to be
a substantial addition to the existing strength and combined
experience of the Global Cobalt Board," said Erin Chutter, President
Mr. Zahariev is a highly respected and experienced international debt
and equity finance and investment professional with particular
emphasis on Emerging Markets and Central and Eastern Europe.
Currently, Mr. Zahariev is a member of the investment committee at
CEE Special Situation Fund and is a Director overseeing the team
responsible for European Bank for Reconstruction and Development's
significant portfolio of restructuring projects throughout Central
and Eastern Europe. He has extensive experience as non-executive
member of the board of investee companies and senior advisor of
investment funds in the region.
In the last 15 years Kamen Zahariev has participated in over 50
significant transactions including project finance, M&A, private
equity and workouts.
Kamen Zahariev serves on the supervisory boards of various industrial
companies and investment funds in Eastern Europe. He is member on the
supervisory board at Prista Oil B.V. Group, is a member of the
British Institute of Directors and is also associated with several
business organizations with interests in Eastern Europe.
"I am excited to be contributing to the success of Global Cobalt's
mandate of becoming a leader in the cobalt and strategic metals
sector through the development of the Karakul Cobalt Project and
other projects," said Mr. Zahariev on his nomination.
Mr. Ordanian's experience in the mineral, construction development
and investment industry, specializing in corporate finance, capital
markets and private business, spans well over twenty years.
He has a vast experience with emerging markets particularly in the
Russian Federation and CIS countries as well as in Central and
Eastern Europe. He has operated and been associated with various
board and senior management teams, and successfully managed the chief
executive function for a holding group of companies with multiple
As a successful entrepreneur and long-time investor, Alexander has
been involved in numerous joint venture arrangements within the oil &
gas and real estate sectors in Russia and the former Soviet Union.
During his highly respected career he worked on key merger and
acquisition transactions with a number of major international
companies including Mobil, British Petroleum and Shell. Currently,
Mr. Ordanian is a member of the Board of Directors of Imperial Mining
Holding Limited and one of the directors of a North American merchant
services company. He is also associated with several businesses with
interests in Russia and Eastern Europe.
Both Alexander and Kamen's depth of experience, combined with their
skills as entrepreneurs provide them with a unique approach to the
capital markets that will be welcomed in fulfilling Global Cobalt's
The Company also wishes to acknowledge the departure of Mr. Wilson
Russell from its Board. Mr. Russell has been a valued member of the
Board since the Company's inception as Puget Ventures and provided
valuable support in the Company's transition in becoming Global
Cobalt. He remains with the Company as a member of the Advisory
Global Cobalt Corporation:
Global Cobalt Corporation is a Canada-based strategic metals company
focused on the development of a new mining region in the Republic of
Altai. Global Cobalt will build upon the success of the Altai
Projects while aggressively expanding and exploring existing
properties to meet the demand for cobalt and other strategic metals.
Cautionary Statement on Forward-Looking Information: The statements
made in this News Release may contain certain forward-looking
statements. Actual events or results may differ from the Company's
expectations. Certain risk factors may also affect the actual results
achieved by the Company.
This news release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The shares offered will not
be and have not been registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state 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.
Global Cobalt Corporation
Mr. Mitchell Smith
+1 (604) 688-4219
+1 (604) 688-4215 (FAX)
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