Alexander Nubia Announces Appointment of Mr. Bill Koutsouras as Non-Executive Chairman of the Board of Directors
December 7, 2015 - Alexander Nubia International Inc. (TSX-V: AAN) (the "Company" or "Alexander Nubia") is very pleased to announce the appointment of current independent director Mr. Bill Koutsouras as Non-Executive Chairman of the Board of Directors.
Mr. Koutsouras
Mr. Koutsouras has been an independent director of the Company since May 2014 and has been the Chairman of the Audit Committee and a member of the Compensation Committee since then. Mr. Koutsouras is an international mining financier and financial operator for the mining sector. He was Executive Vice President and Chief Financial Officer at Endeavour Mining from 2002 to 2011, a mining- focused merchant bank, where he directed and managed the Endeavour group of companies. Mr. Koutsouras was primarily responsible for investment activities, financial operations and financial advisory mandates where he was involved in over $25 billion of M&A transactions and in excess of $4 billion of financing for junior and mid-tier resource companies. He is the principal of Kouts Capital, a strategic advisory and consultancy company to natural resource companies. Mr. Koutsouras sits on several corporate boards of natural resource companies. He is a Chartered Accountant and Chartered Financial Analyst and is a member of the Canadian Institute of Chartered Accountants and the CFA Institute.
Mr. Koutsouras takes over the Chairmanship of the Company at a key time in its development, as the exploration work continues to expand the strike and scope of the Company’s flagship Hamama Project and the economic outlook in Egypt continues to improve with major foreign investment underway.
President and Chief Executive Officers comments
Mark W. Campbell, President and CEO had the following to say on the appointment. "I am proud to announce that such an experienced industry professional as Bill Koutsouras is to chair the Alexander Nubia Board. Mr. Koutsouras brings extensive expertise in the mining industry, executive management and the investment community to Alexander Nubia”. Bill’s finance, capital markets, and corporate strategy expertise make him an impressive Chairman of the Company’s Board of Directors. His extensive industry experience and strong network will complement our existing directors and enhance Alexander Nubia’s Board through his unique perspective. I welcome him to his new position and look forward to his insights and leadership.”
About Alexander Nubia International Inc.:
Alexander Nubia (TSX-V: AAN) is in the business of exploring for and developing of economic gold and copper deposits in the Central Eastern Desert of the Arabian-Nubian Shield (ANS). The Company's 100% owned concessions, Abu Marawat and the Fatiri, combined cover 2,772 square kilometers of underexplored ground. Evidence of gold and copper mining on the concessions dates the many surface workings to pre-historic (Copper Age) and Old Kingdom (Pharaonic), through Ptolemaic and Roman and into Early Arab times. Several historic gold mines and numerous gold showings and gossans occur within the two concessions.
The Company's land package is located some 400 km southeast of Cairo and is enhanced by expanding infrastructure, including access to highway and railway right-of-way, a high-capacity electricity grid, and nearby major cities; Qena, on the Nile River, and Port of Safaga, on the Red Sea, only 50 km to the East.
For more information on Alexander Nubia visit www.alexandernubia.com or please contact:
Mark Campbell President and Chief Executive Officer Email: [email protected]
General Information Canada: +1 (604) 727-1813 Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements. Since forward- looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.