European Ferro Metals Announces Changes in Management
For Immediate Release EUROPEAN FERRO METALS LTD. Suite 3403 – 1101 West Cordova Street Vancouver, BC, Canada V7T 1B8
European Ferro Metals Announces Changes in Management
VANCOUVER, BC, April 21, 2016 — European Ferro Metals Ltd. (CSE: EFM) (the “Company”) announces that it has appointed Karl Antonius as President, Chief Executive Officer and director and Dennis Mee as Chief Financial Officer and director of the Company.
Mr. Antonius has extensive natural resource experience. Past companies Mr. Antonius started and acted as President of include Manadaly Mining (TSE: MND) and Jagercor Energy (CSE: JEM). Mr. Antonius also 15 years of capital market experience working for both Canaccord Capital and Raymond James and as a partner of Top View AG in Switzerland.
Mr. Mee is a Chartered Professional Accountant with over 35 years’ experience as a senior financial and operational executive. Since 2002, Mr. Mee has been President of Part Time CFO Inc., a company providing financial management services to businesses. Mr. Mee has been an executive officer for several public and private companies and is currently CFO and a director of Petro Basin Energy Corp. He spent over five years with a North American start-up health product company that grew to $90 million in annual sales in two and half years. He was also Chief Financial Officer and a director of Cable & Wireless Telecommunication Canada Ltd. Mr. Mee earned his Bachelor of Commerce degree from Carleton University. He is a member of both the BC and Ontario Institutes of Chartered Professional Accountants.
Jon Sherron resigned as President of the Company but remains on the Board of Directors.
The Company also announces that the non-binding Letter of Intent with First European Minerals Madencilik dated June 26, 2014, has been terminated.
The Company is currently evaluating various projects within the resource sector.
For further information on the Company, please contact:
Karl Antonius President and Chief Executive Officer European Ferro Metals Ltd.
Email: [email protected]
Forward Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of EFM. Forward-looking information is based on certain key expectations and assumptions made by the management of EFM, including future plans for the exploration and development of the mineral properties of EFM. Although EFM believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because EFM can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. EFM disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.