Menika Appoints Mike Kobler as CEO
MENIKA MINING LTD.
Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5
NEWS RELEASE
MENIKA APPOINTS MIKE KOBLER AS CEO
March 2, 2016 – Vancouver, British Columbia – Menika Mining Ltd. (the “Company”) (TSXV: MML) is pleased to announce the appointment of Michael Kobler as Chief Executive Officer and a Director of the Company.
Over the past 35 years, Michael Kobler has specialized in identifying, acquiring, developing and producing natural resource opportunities throughout the world as well as coordinating the design and construction of a number of infrastructure projects. He has served in a variety of roles for early stage companies including, Chairman, Chief Executive Officer, President, Technical Advisor, Engineer and Project Manager, and has been a founder and a major shareholder in a number of these ventures. Mr. Kobler has a strong record of success in the exploration, permitting and de-risking of resource projects. His expertise in identifying opportunities through detailed examination of all available information combined with his in-depth knowledge of permitting processes, including detailed environmental work, and dealing with issues related to water supply have positioned him for projects across North and South America.
Mr. Kobler has been involved with exploration and mine planning projects at El Pauji in Venezuela as well as mine planning and development projects for HW Mining at La Serena and El Teniente in Chile. In North America, he was involved in developing the mine at the Sacaton Shaft in Casa Grande, Arizona and helped develop the Amethyst Mine at Creede, Colorado for HW Mining.
In 2005, Mr. Kobler was a Co-Founder and the original CEO of Osum Oil Sands Corp. (“Osum”). In that capacity he coordinated the analysis and subsequent acquisitions of the original oil sands leases that form the core of Osum’s projects at Cold Lake and in the Saleski carbonates, both in Alberta. During his tenure with Osum, Mike oversaw the growth of the Business from start-up to a valuation approaching $500 million; he also hired his successors to ensure the smooth transition of the Company to its next phase of growth and an equity value approaching $2 Billion.
Mr. Kobler stated, “I am delighted to be joining the Company at a time when the opportunities for strategic resources are growing daily and when investor interest appears to be re-awakening in parts of the resources sector. I believe that the Company provides a great platform from which to take advantage of quality opportunities as they become available and always on the basis of appropriate analysis and due diligence.”
Mr. Kobler replaces Anita Algie who is stepping down as Chief Executive Officer of the Company, but will remain as President and a director of the Company.
For further information, contact Anita Algie at [email protected].
On behalf of the Board,
Menika Mining Ltd.
Anita Algie, Director
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.
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