Global Cobalt Receives Support From Russian Ambassador; Appoints Russian-Based Director To Board
March 17 2014 - 8:59AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / MARCH
17th, 2014 / GLOBAL COBALT CORP. (TSXV:GCO)
("Global Cobalt" and/or the
"Company") (TSXV:GCO)
announces the continued support and commitment by Russian
government officials for Global Cobalt's activities in the
region.
Mr. Georgiy Mamedov, Russia's Ambassador to
Canada commented in a written statement on
March 14, 2014: "I would
like to reiterate that Russia is committed to inviting Canadian
companies to invest and work in Russia. We welcome foreign
investment and will work closely with mining and exploration
companies as part of that strategy. Global Cobalt Corporation is
the type of company that we encourage to be active in Russia and we
are very supportive of the Company's efforts to be successful in
its activity."
The Company is
also pleased to announce the appointment of Mr. Marc Thomas, P.Eng to
its Board of Directors.
"We are very pleased to welcome Marc Thomas to
the Board of Global Cobalt," said Erin Chutter,
President and CEO. "His
strong analytical, entrepreneurial and business skills, along with
his operational experience in Russia will be invaluable to the
Company as we continue resource development and mine planning
activities at Karakul."
"I am delighted to be asked to join Global
Cobalt's board of directors, a team of experience developing
quality projects such as the Karakul Cobalt Deposit,"
stated Mr. Thomas.
Mr. Thomas, PEng
is an EU National who is fluent in Russian and has worked and
traveled extensively throughout Russia and the former CIS countries
for the past fifteen years. Mr. Thomas is currently the General
Director and Partner in IST, a technology company representing
European and American industrial equipment in the Russian
marketplace and serves as Director at Imperial Mining Holding
Limited. He has served in a series of leadership roles of
increasing responsibility and is a high performing leader, with
strategic and commercial acumen obtained from start-ups and
business development in blue chip and fast growth Russian
companies. Mr. Thomas has also been involved with three corporate
re-structurings in the natural resource sector. He holds an MBA
from INSEAD (France) and a BSc., Engineering from the Colorado
School of Mines.
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; 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
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amended (the "U.S. Securities Act") and may not be offered or sold
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applicable state securities laws.
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responsibility for the adequacy or accuracy of this release.