Black Iron Appoints New Chief Financial Officer
Black Iron Appoints New Chief Financial Officer
Black Iron Inc. ("Black Iron" or the "Company") (TSX: BKI) is please to announce the appointment of
Stephen Woodhead as Chief Financial Officer of the Company, effective immediately.
Mr. Woodhead is a graduate of the University of Cape Town and a member of the South African
Institute of Chartered Accountants. Mr. Woodhead has over 30 years of experience in the resource
sector, having worked for Trans Hex Group, a South African diamond producer, before relocating to
Canada in 1997 as Chief Financial Officer of Trans Hex International. Mr. Woodhead is a director of
Lipari Mining, and has worked as Chief Financial Officer / VP Finance with various public
companies, including Desert Sun Mining, from 2003 until it was acquired by Yamana Gold in 2006,
developer and operator of the Jacobina gold mine in Brazil, Homeland Energy (developer of a coal
mine in South Africa), Crocodile Gold (developer, operator and acquiror of gold mines in Australia),
Trigon Metals (developer of a copper mine in Namibia), and Gratomic (focused on graphite
exploration and development in Namibia and Brazil). Mr. Woodhead also served as a director of
Apogee Minerals (silver) and Vaaldiam Mining (diamonds).
Mr. Woodhead's appointment follows the resignation of Paul Bozoki as the former Chief Financial
Officer of the Company. The Company's management and board of directors thank Paul for his
years of dedication to the Company, and wishes him the best in his future endeavours. Matt
Simpson, Chief Executive Officer of the Company, commented, "it has been a real pleasure working
with Paul, as in addition to being a highly competent CFO, he took on a number of important tasks
outside of his core role with strong leadership and follow-through, plus shared extensive
experience in land-transfer related matters. On behalf of the Board and myself, we welcome
Stephen Woodhead to our team and look forward to leveraging his international experience. "
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned
Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and
projected project economics can be found in the NI 43-101 technical report entitled "(Amended)
Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit" published in
March 2020 with an effective date of November 21, 2017 under the Company's profile on SEDAR at
www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest's
YuGOK and ArcelorMittal's iron ore complex. Please visit the Company's website at
www.blackiron.com for more information
For more information, please contact:
Matt Simpson
Chief Executive Officer
Black Iron Inc.
Forward-Looking Information
This press release contains forward-looking information. Forward-looking information is based on
what management believes to be reasonable assumptions, opinions and estimates of the date such
statements are made based on information available to them at that time. Forward-looking
information may include, but is not limited to, statements with respect to the appointment of
officers. 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 the Company to be materially different from those
expressed or implied by such forward-looking information, including but not limited to: the war in
Ukraine; general business, economic, competitive, geopolitical and social uncertainties; the actual
results of current exploration activities; other risks of the mining industry and the risks described in
the annual information form of the Company. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward looking information.
The Company does not undertake to update any forward-looking information, except in accordance
with applicable securities laws. The Company notes that mineral resources are not mineral
reserves and do not have demonstrated economic viability.