COQUITLAM, BC, April 1, 2021 /CNW/ - Canada Silver Cobalt Works
Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada
Silver Cobalt") is pleased to announce that Mr. Ryan Webster has been appointed as Chief
Financial Officer of the Company effective today, replacing the
Company's interim CFO, Mr. Robert
Guanzon.
Mr. Webster brings over 15 years' experience as a finance
professional in the mining industry. Formerly Mr. Webster
served as a consultant providing corporate finance services to a
variety of clients, including contract CFO services to Blue Thunder
Mining Inc. During his time at Blue Thunder he led the company
through a qualifying transaction for public listing on the TSX
Venture Exchange. Prior to his time as a consultant, Mr. Webster
held the role of VP, Finance at Dominion Diamond Corporation
(formerly Harry Winston Diamond Corporation and Aber Diamond
Corporation) where he led and executed over CDN$2 billion in corporate M&A transactions
including the purchase of BHP Billiton's diamond business in 2013
for US$500 million and the sale of
Dominion Diamond Corporation to the Washington Companies in 2017
for US$1.2 billion. He also
helped raise over $1 billion in
corporate credit facilities. Mr. Webster holds is a Chartered
Professional Accountant (CMA) and Chartered Financial Analyst.
The Company thanks Mr. Guanzon for his contributions during the
Company's transition and wishes him well in his future
endeavors.
About Canada Silver Cobalt Works Inc.
www.canadasilvercobaltworks.com
Canada Silver Cobalt Works released the first-ever resource in
the Gowganda Camp and greater Cobalt Camp in May 2020. A
total of 7.56 million ounces of silver in Inferred resources
comprising very high-grade silver (8,582 grams per tonne un-cut or
250.2 oz/ton) in 27,400 tonnes of material from two sections
(1A and 1B) of the Robinson Zone
beginning at a vertical depth of approximately 400 meters were
identified. The discovery remains open in all directions (1A and
1B are approximately 800 meters east
of the Capitol Mine workings) (mineral resources that are not
mineral reserves do not have demonstrated economic viability)
(refer to Canada Silver Cobalt Works Press Release May 28, 2020. Report reference: Rachidi, M.
2020, NI 43-101 Technical Report Mineral Resource Estimate for
Castle East, Robinson Zone, Ontario,
Canada, with an effective date of May 28, 2020 and a signature date of July 13, 2020.
Canada Silver Cobalt's flagship Castle Mine and 78 sq. km Castle
Property features strong exploration upside for silver, cobalt,
nickel, gold, and copper in the prolific past-producing
Gowganda high-grade Silver
District of Northern Ontario. With
underground access at Castle, a pilot plant to produce cobalt-rich
gravity concentrates on site, a processing facility (TTL
Laboratories) in the town of Cobalt, and a proprietary
hydrometallurgical process known as Re-2Ox for the creation of
technical grade cobalt sulphate as well as nickel-manganese-cobalt
(NMC) formulations, Canada Silver Cobalt is strategically
positioned to become a Canadian leader in the silver-cobalt
space.
"Frank J. Basa"
Frank J. Basa, P. Eng.
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Canada Silver Cobalt Works Inc.