TORONTO, Oct. 11, 2017 /CNW/ - Adex Mining Inc. ("Adex" or
the "Company") (TSX‐V: ADE) announces today that it has appointed
Wong Kwok Keung to the board of
directors of the Company (the "Board" or "Board of Directors") to
fill a vacancy left by the resignation of Joseph Lau Ying Kit. Separately, the Company has
appointed two new executive officers: Linda
Lam Kwan as Chief Executive Officer and Olga Balanovskaya as Chief Financial
Officer.
Mr. Wong joins the Board of the Company effective October 1, 2017 as a representative of Great
Harvest Canadian Investment Company Limited ("Great Harvest"), the
Company's largest shareholder. Mr. Wong holds a Master of Science
in Finance Analysis and a Master of Corporate Governance and is a
certified public accountant of the Hong Kong Institute of Certified
Public Accountants and the Association of Chartered Certified
Accountants. He is also associate member of Hong Kong Institute of
Chartered Secretaries and The Institute of Chartered Secretaries
and administrators. Prior to joining Adex, Mr. Wong has over 18
years of hands-on and diversified working experience in several
Hong Kong Listed companies and well known organizations across
jewellery trading, property leasing and development, garment and
electronics manufacturing in the Greater
China and Asia Pacific
regions. Mr. Wong fills the vacancy left by Mr. Lau, who has
resigned after serving on the Board since 2011 as a representative
of Great Harvest.
Ms. Lam is an entrepreneur with over 15 years of experience in
the mining and steel industry, as well as over 10 years of
experience in the marine transportation industry. She graduated
from Dongbei University of Finance and Economics with a degree in
English for Finance in the Department of Foreign Language for
Finance. She previously served as interim CEO of the Company from
2011 to 2012 and returns to that role in place of Yan Kim Po, who has served as interim CEO since
2012. Both Ms. Lam and Mr. Yan have served on the Board of
Directors of the Company since 2011 and both will remain on the
Board of Directors following the change in CEO position.
Ms. Balanovskaya has over 15 years of private and public company
experience in the capacity of senior controller. She is a member of
the Chartered Professional Accountants of Ontario, has a diploma in International
Accounting Standards from the Institute of Financial Accountants,
UK and a membership in the Institute of Professional Accountants
and Auditors of Russia. She
assumes the role from Doug Bolton,
who had served as interim CFO of the Company since 2013.
The Board and senior management changes are effective
October 1, 2017. The appointment of
Mr. Wong to the Board remains subject to the acceptance of the TSX
Venture Exchange.
The Company wishes to thank Mr. Lau, Mr. Yan and Mr. Bolton for
their service in their outgoing positions.
ABOUT ADEX
Adex Mining Inc. is a Canadian junior mining company with an
experienced management team. The Company is focused on
developing its flagship Mount Pleasant Mine Property, a multi-metal
project that is host to promising tungsten-molybdenum and
tin-indium-zinc mineralization. Located in Charlotte County,
New Brunswick, the Mount Pleasant
Mine Property is 80 kilometres south of Fredericton, the provincial capital, and 65
kilometres from the United States
border. The common shares of Adex trade on the TSX Venture
Exchange under the stock symbol "ADE".
No securities commission or regulatory authority has approved or
disapproved the contents of this press release.
Neither the 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.
FORWARD‐LOOKING STATEMENTS
Certain statements in this press release may constitute
"forward‐looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of Adex, its subsidiary or the industry
in which they operate to be materially different from any future
results, performance or achievements expressed or implied by such
forward‐looking statements. When used in this press release,
the words "estimate", "believe", "anticipate", "intend", "expect",
"plan", "may", "should", "will", the negative thereof or other
variations thereon or comparable terminology are intended to
identify forward‐looking statements. Such statements reflect
the current expectations of the management of Adex with respect to
future events based on currently available information and are
subject to risks and uncertainties that could cause actual results,
performance or achievements to differ materially from those
expressed or implied by those forward‐looking statements.
These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in
reports filed by Adex with the Alberta, British
Columbia, Ontario,
New Brunswick and Nova Scotia
Securities Commissions which are available at www.sedar.com and to
which readers of this press release are referred for additional
information concerning Adex, its prospects and the risks and
uncertainties relating to Adex and its prospects. New risk
factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to
which any factor or combination of factors may cause actual
results, performance and achievements of Adex to be materially
different from those contained in forward‐looking statements.
Although the forward‐looking statements contained in this press
release are based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will
be consistent with these forward‐looking statements. Given
these risks and uncertainties, investors should not place undue
reliance on forward‐looking statements as a prediction of actual
results. The forward‐looking information contained in this
press release is current only as of the date of the press
release. Adex does not undertake or assume any obligation to
release publicly any revisions to these forward‐looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events, except as required
by law.
SOURCE Adex Mining Inc.