Global Cobalt Announces Appointment of New Chief Financial Officer
May 16 2014 - 9:00AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / May
16th, 2014 / GLOBAL COBALT CORP. (TSXV:GCO,
OTCBB:GLBCF) ("Global Cobalt" and/or the "Company") is pleased to announce that the
Board of Directors has appointed Mr. Oleg Scherbina as Chief
Financial Officer ("CFO") as the Company builds further general and
administrative capacity with Russian experience.
Erin Chutter,
President & CEO of Global Cobalt commented,
"I am very pleased by the Board's decision to
appoint Oleg as an Officer of Global Cobalt. For the past three
years as Corporate Controller Oleg has been an important member of
our senior executive team and has proven his mining finance,
operational accounting and capital market experience. The Board has
a high level of confidence that given Oleg's existing knowledge of
the Company that he will carry on the high standards in place as
Global Cobalt continues to advance its Russian and North American
assets."
Mr. Scherbina is a
financial manager with broad experience in all aspects of
accounting and financial management. He has direct experience
within the mining, construction and oil/gas sectors in Russian and
North America, and has been involved with numerous mining companies
including Uranium One, Eureka Mining Plc and Bema Gold Corporation.
Oleg has been instrumental for the development financial control
and reporting systems for Global Cobalt, as well as the day-to-day
financial operations of the company, including contract review,
payroll, budgeting, and financial control development.
Mr. Scherbina is fluent in
English, Russian and Ukrainian and as such played an important role
in the coordination and execution of all financial related
activities of the Bema Gold and Eureka Mining's operations in
Russia while also managing the administrative and human resources
functions.
The Board of
Directors wishes to sincerely thank Chris Couzelis for his many
contributions having served as CFO since the Company's inception in
2007.
The Company would
also like to announce the departure of Dr. Michael
Hitch as Chief Operating Officer who tendered his
resignation due to his increasing role as an Associate Professor at
the Norman B. Keevil Institute of Mining Engineering, UBC. Dr.
Hitch will remain a pivotal component of the Company as a member of
the Advisory Board and as an engineering consultant to the
Company.
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.
For
Further Information:
Mr. Mitchell Smith, Corporate
Development
Suite 1510-1050 West Pender
Street
Vancouver, BC V6E
3T4
Tel: +1 (604)
688-4219
Fax: +1 (604)
688-4215
Email:
info@globalcobaltcorp.com
www.GlobalCobaltCorp.com
TSXV:GCO; OTCBB:GLBCF;
FRA:3P0; CUSIP:37890F
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.
SOURCE: GLOBAL COBALT CORP.