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 future endeavors.
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 www.cap-ex.ca.
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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