TORONTO, ONTARIO--(Marketwired - Oct. 20, 2016) - Kombat Copper Inc. (the "Company" or "Kombat Copper") (TSX VENTURE:KBT) is pleased to announce that it has appointed Fanie Müller as Vice President, Operations and Country Manager, and Sarah Roberts as Vice President, Finance, Mergers & Acquisitions, each appointment effective November 1, 2016.
Mr. Müller is a Professional Mining Engineer registered with the Engineering Council of South Africa. Mr. Müller has a wide range of commodity experience with a strong focus on development to production stage assets. Mr. Müller started his career with Anglo American (Coal division) and worked as a Mining Consultant before joining Buffalo Coal Corp. as Vice President, Business Development and Technical Services. In addition to a Mine Manager's Certificate, Mr. Müller holds a Bachelor of Engineering (Mining) and a Masters of Engineering (Project Management) from the University of Pretoria.
Ms. Roberts is a Chartered Accountant (South Africa) with experience and expertise in the finance and mining industry. Prior to joining the Company, Ms. Roberts was the Chief Financial Officer at Buffalo Coal Corp. after having spent nine years in the corporate finance industry where she played a key role in initial public offerings, mergers and acquisitions, restructurings and debt and equity offerings. Ms. Roberts has experience across a range of commodities and mining projects with a strong focus on Southern Africa.
Kombat Copper is also pleased to announce that they have retained Pinnacle Capital Markets Ltd. ("Pinnacle"), a Toronto based firm led by Spyros Karellas, to develop and provide investor relations services for the Company. Pinnacle has been engaged to refine and execute an investor relations strategy that will enhance and expand Kombat Copper's exposure with the Canadian and international investment community. Pinnacle will assist the Company in fostering productive and continuing dialogue with analysts, brokers, potential investors, current shareholders and other financial professionals.
The term of the agreement with Pinnacle is for one year with an option to renew on terms mutually agreeable to each party. Kombat Copper will compensate Pinnacle with a monthly retainer of $5,000 and has granted Pinnacle 250,000 stock options pursuant to the Company's stock option plan and the rules of the TSX Venture Exchange. The options are exercisable at a price of $0.05 for a period of five years and will vest in four equal installments of three months commencing on the grant date. The agreement with Pinnacle and the grant of options remains subject to the approval of the TSX Venture Exchange.
Stephan Theron, Kombat Copper's President and CEO, commented: "We are pleased to welcome Fanie and Sarah to the Company. Kombat Copper is constructing an experienced operational team focused on unlocking value for our shareholders through the development of our asset base. We look forward to updating the market as we execute our strategy."
Pinnacle Capital Markets Ltd. is a Toronto based advisory firm that provides a full range of services to publicly-listed companies operating primarily in the mining, oil and gas, technology and renewable energy sectors. They also assist private companies to develop and define a capital markets strategy for future public listings. Their objective is to work closely with their clients to achieve key investor relations goals such as: assist in positioning their client in the context of the public markets, enhance visibility within the financial community, increase liquidity through enhanced retail and institutional awareness, attract and increase equity research coverage, and assist in identifying much needed growth capital. Pinnacle believes that a successful investor relations program depends on a multifaceted approach, including an effective strategy, tactical execution, thoughtful advice, and ongoing communication.
About Kombat Copper
Kombat Copper 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 upside. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, 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 Kombat Mine.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the appointment of officers of the Company, the agreement with Pinnacle, the impact of Pinnacle's services on the performance of the Company and the value and performance of the Company's securities, the grant of stock options and composition of the board of directors of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Kombat Copper, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry.
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