Kombat Copper Announces Justin Reid as New Director
December 31 2013 - 6:00AM
Marketwired
Kombat Copper Announces Justin Reid as New Director
TORONTO, ONTARIO--(Marketwired - Dec 31, 2013) - Kombat Copper
Inc. (TSX-VENTURE:KBT) ("Kombat" or the "Company") announces that
Mr. Justin Reid has been appointed as a director of Kombat,
replacing Scott Kelly who has resigned as a director and officer of
the Company to pursue other endeavours.
Justin Reid is the President and a director of Sulliden Gold
Corp. Mr. Reid is a geologist and capital markets executive with
over 20 years of experience focused exclusively in the mineral
resource space. Mr. Reid holds a B.Sc from the University of
Regina, a M.Sc from the University of Toronto and an MBA from the
Kellogg School of Management at Northwestern University. Mr. Reid
started his career as a geologist with SGS and Cominco Ltd after
which he became a partner and senior mining analyst at Cormark
Securities in Toronto. In 2009, Mr. Reid was named Executive
General Manager at Paladin Energy, where he was responsible for all
merger and acquisition, corporate and market related activities. In
connection with Paladin Energy's flagship Namibian operations, he
was part of a team heavily focused on government relations, social
and occupational policy and negotiating stability agreements, tax
incentives and cooperative infrastructure sharing. He returned to
Canada in early 2011 assuming the role of Managing Director Global
Mining Sales at National Bank Financial, where he directed the
firm's sales and trading in the mining sector.
The Company welcomes Mr. Reid to the Board and thanks Mr. Kelly
for his past contributions.
About Kombat Copper
Kombat is a publicly traded Canadian exploration and development
company with its core operations focused on copper resources in
Namibia, one of the world's most prospective copper regions, where
it has substantial assets in place with significant exploration
upside.
The Company holds an 80% interest in five mining licenses in the
Otavi Mountainlands, an area of Namibia particularly known for its
high-grade copper deposits. Within these licenses are three
past-producing mines including the Company's flagship property: the
past-producing Kombat Mine. The Kombat Mine's extensive
infrastructure includes an 800m exploration shaft which was opened
in 2006, three recently-operational shafts, ramp systems, extensive
underground workings, mine buildings, a tailings facility, a mill
and concentrator (replacement value est +$100MM) all supported by
the Company's local town-site. The Kombat mine originally opened in
1962 and historically produced ~8.7 million tonnes of ore grading
3.1% Cu (from the technical report issued March 30, 2012 and titled
2012 "Technical (NI 43-101) Report on the Kombat Project", prepared
by Henry J. Awmack, P.Eng. for Equity Exploration Consultants Ltd.)
and is linked to vital existing infrastructure, including power,
water, roads, and rail with close proximity to the port of Walvis
Bay and to one of only five commercial-grade smelters in Africa
located in Tsumeb.
In addition to mining licenses, the Company holds an 80%
interest in five Exclusive Prospecting Licenses ("EPL's"). The
EPL's are located also within the copper-rich Otavi Mountainlands
and are in close proximity to Tsumeb.
Qualified Person
F. W. Nielsen P.Geo., Presdent and CEO of Kombat Copper, is a
"qualified person" as such term is defined in National Instrument
43-101 and has reviewed and approved the technical information
included in this press release.
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities legislation. Forward-looking
information includes, but is not limited to, statements regarding
management changes and the impact on the Company of these events.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, political and social uncertainties
and risks of the mining industry. 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 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.
Kombat Copper Inc.F. William NielsenPresident and Chief
Executive Officer416-309-4397bnielsen@kombatcopper.com
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