TSX.V: CPO, Pink Sheets: CBBWF
TORONTO, March 12, 2018 /CNW/ - Cobalt Power Group
Inc. ("Cobalt Power" or the "Company") (TSX.V: CPO, OTC Pink:
CBBWF), wishes to announce the following changes in management and
directors of the Company. These changes are in connection with the
announcement of January 29, 2018
regarding the Company's transition to Toronto to better serve its retail and
institutional shareholders and to be better positioned to meet
logistical demands for operating in Cobalt, Ontario.
Resigning from the board of directors are Mr. Jeff Poloni and Mr. Daniel Caamano. Mr Caamano will also be
resigning as Vice President of Corporate Communications and
Judy McCall as
Corporate-Secretary.
"We would like to thank Jeff, Daniel and Judy for their
service and significant contributions to the Company and we are
pleased that Jeff will continue to consult for the Company," - Dr.
Andreas Rompel President &
CEO.
The Company has added two directors and officers to fill the
vacancies. These additions bring further knowledge and experience
to Cobalt Power to serve the Company and its shareholders.
Chris Healey, PGeo -
Vice-President of Exploration and Director:
Mr. Healey
brings over 40 years of experience in the natural resources
industry, covering all aspects from early stage exploration through
development to production. He has worked for numerous mining
companies including International Nickel Company (now Vale Limited)
and Cameco Corporation. He was most recently President and CEO of
Titan Uranium One. Mr. Healey currently sits on the board of
directors of Rainmaker Resources Ltd. and Carmax Mining Corp. Mr.
Healey holds a Bachelor of Science degree from the University of
Wales.
"Cobalt Power is fortunate to have Mr. Healey lead our
exploration efforts in the Cobalt Mining Camp in that he brings
extensive experience in all aspects of mining from exploration to
production. Under his direction, the Company expects to announce an
active 2018 exploration season within the next 30 days," - Dr.
Andreas Rompel, President and
CEO.
Glenda Kelly - Vice-President
of Corporate Communication, Corporate-Secretary and
Director:
Ms. Kelly will focus on investor communications
and business development. Ms. Kelly has extensive experience
preparing and disseminating financial reports, news releases, and
investor newsletters. She also has experience in online
communication and social media that will allow broader
communication to the financial markets. She is a past member of the
Canadian Investor Relations Institute.
"Ms. Kelly brings multiple corporate skills to the Company and
its board of directors and will be a valuable asset to the Company.
In coming months, we expect to be very active with extensive
exploration activities in the Cobalt Mining Camp in Ontario and we will want to communicate
clearly and in a timely manner our exploration progress to the
marketplace," - Dr. Andreas Rompel,
President & CEO.
About Cobalt Power Group Inc.
Cobalt Power Group Inc.
is a publicly traded Canadian exploration company listed on the
TSX-Venture Exchange and U.S. Pink Sheets (TSX-V: CPO, OTC Pink:
CBBWF) focused on cobalt exploration and development. The Company
has made a series of strategic property acquisitions over the past
two years, seeking cobalt mineralization near Cobalt, Ontario, a region with a long history
of silver and associated cobalt production. Property holdings total
approximately 8,736 hectares (21,600 acres) in contiguous and
strategic claim blocks. There are several historic mining
operations on the properties that are potentially accessible,
including the Smith Cobalt shaft and its underground workings.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
We seek safe harbor.
SOURCE Cobalt Power Group Inc
