Cap-Ex Strengthens Management Team
02 Marzo 2012 - 7:00AM
Marketwired
Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V)
("Cap-Ex" or the "Company") is pleased to announce the appointment
of Mr. Paul Bozoki as Chief Financial Officer, Mr. James Powell as
General Manager, Projects and Mr. Josh Van Deurzen as Corporate
Secretary.
Mr. Bozoki is a Chartered Accountant, holds an MBA and has over
fifteen years of accounting, tax and corporate finance experience.
Since October 2010, Mr. Bozoki has served as Chief Financial
Officer of Black Iron Inc., a TSX-listed junior resource company
developing an iron ore project in Ukraine. From 2007 through
September 2010, Mr. Bozoki was the Chief Financial Officer of CD
Capital Partners, a privately held real estate development firm
focused on developing mixed use retail and office real estate in
Russia, Ukraine and Romania. From 2001 through 2006, Mr. Bozoki was
the Chief Financial Officer of MAVA Investment Ltd., a private
equity firm based in Budapest, Hungary with two funds under
management and US$110 million of committed capital. Mr. Bozoki
began his career at Ernst & Young LLP where he spent six years
auditing clients predominately in the mining industry.
Mr. Powell is a Professional Engineer (P.Eng.) and holds a
Master's degree in Engineering (M. Eng.) in Mining from McGill
University and an undergraduate degree in Civil engineering (B.Sc.
Eng.) from the University of New Brunswick. Mr. Powell is based in
St. John's, Newfoundland and will oversee the 2012 planned
exploration and development programs of the Company's Block 103
(Greenbush and Northwest) and Redmond properties located in
Labrador, and all other engineering activities that the Company
will undertake in the future. Mr. Powell brings 14 years of
experience in mining and geotechnical engineering and was recently
at Stantec as associate, senior engineer and team lead for the
Newfoundland and Labrador Geotechnical and Mining Engineering
group, where he was involved in numerous mining projects. Mr.
Powell also provided support to the environmental sciences and
environmental engineering teams and was primarily involved with
project planning and management, data analysis, engineering design
and reporting.
Mr. Van Deurzen is a corporate and securities lawyer who works
as a legal consultant to various public and private companies in
the resource-based sectors. Previously, Mr. Van Deurzen practiced
law at large law firms in New York and Toronto. Mr. Van Deurzen
holds a Master of Business Administration and a Juris Doctor from
the University of Toronto.
Mr. Francois Laurin, President and CEO of Cap-Ex, stated: "We
welcome Messrs. Bozoki, Powell and Van Deurzen to Cap-Ex. We are
pleased to be strengthening the Cap-Ex management team at this
time, and note in particular that we are very confident that Mr.
Powell's professional experience, expertise and knowledge will
prove to be very valuable as the Company moves aggressively to
implement an exploration program designed to lead to a NI
43-101-compliant resource estimate for its block 103 property by
the end of December 2012. I also wish to thank Ms. Jasvir Kaloti
for her valuable contributions to Cap-Ex and wish her the best in
her next projects."
The appointments of Mr. Bozoki and Mr. Van Deurzen follow the
resignation of Ms. Kaloti as Chief Financial Officer and Corporate
Secretary.
ABOUT CAP-EX VENTURES LTD.
Cap-Ex Ventures Ltd. is a Canadian listed company, focused on
the development of its Block 103 iron ore property in the Labrador
trough, near the mining town of Schefferville, Quebec. The Block
103 property is strategically located close to existing railway to
shipping port, and is adjacent to New Millennium Iron Corp's LabMag
and KeMag deposits.
For additional information please visit the Company's website at
www.cap-ex.ca.
CAP-EX VENTURES LTD.
Francois Laurin, President and CEO
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 of the Company's Block
103 iron ore property and the impact of the appointments on the
Company. 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.
Contacts: Cap-Ex Ventures Ltd. Investor Relations (604) 669-2279
(604) 602-1606 (FAX)info@cap-ex.ca www.cap-ex.ca
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