Canada’s Cap-Ex Ventures Ltd. has named Paul Bozoki as chief financial officer, James Powell as general manager, projects and Josh Van Deurzen as corporate secretary. Since October 2010, Bozoki has served as Chief Financial Officer of Black Iron Inc., a listed junior resource company developing an iron ore project in Ukraine.
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
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.