Euromax Appoints new President & CEO and new CFO
Euromax Appoints new President & CEO and new CFO
VANCOUVER
,
Nov. 6, 2017
/CNW/ -
Euromax Resources Ltd.,
(TSX: EOX; OTCQB: EOXFF): ("
Euromax
" or the "
Company
"),
announces that it has appointed Varshan Gokool as President and Chief Executive Officer and
Nikola Gulev
as Chief Financial Officer of the
Company with immediate effect. Varshan was previously the Company's Chief Financial Officer and Nikola was the Company's Group
Accountant.
Steve Sharpe
, the former President & CEO, will continue to serve as a Director of Euromax in a non-executive capacity.
In his new role Varshan, together with
Pat Forward
, the Company's Chief Operating Officer, will represent the key leadership of the Company,
reporting to the Board and more regularly to the Executive Chairman
Martyn Konig
. Varshan's key responsibilities over the next year will be the
delivery of value engineering work for the Ilovica-Stuka copper-gold project in
Macedonia
(the "
Project
"), finalisation of permitting and the
completion of the finance plan to construct the Project, utilising the network he has developed in
Macedonia
over the past five years and his fifteen
years of mining finance experience.
Commenting on the announcement, Varshan Gokool, President & CEO, noted:
"I am very excited to pick up the reins from Steve and drive the Company forward through the successful development of the Ilovica-
Stuka Project. I am also pleased that we have appointed our second company officer from
Macedonia
, Nikola, in a key executive role.
Nikola has already been with us two years and I am already familiar with his excellent work. Ausenco are up and running on the value
engineering work, working towards the delivery of a Guaranteed Maximum Price and EPC contract. With the stabilised political
situation in
Macedonia
we can focus on building our relationships with the new government to complete the Project permitting. I wish
Steve well as he takes time out to pursue his other interests and appreciate him being available for us to benefit from his network in
Macedonia
. "
Nikola Gulev Biography
Nikola Gulev
joined Euromax as Group Accountant in July 2015. Before joining Euromax, Mr. Gulev worked for two years at KPMG in its
bookkeeping practice in
Skopje
, Macedonia. Prior to this, Nikola had roles in internal audit at a Macedonian bank and at PwC in Skopje. Mr.
Gulev holds a Master's degree from Ss. Cyril and Methodius University in
Skopje
for Audit and Accounting, and has been a member of the
Association of Chartered Certified Accountants in UK since 2014.
About Euromax Resources Ltd.
Euromax has a major development project in
Macedonia
were we are focused on building and operating the Ilovica-Shtuka copper-gold project.
Forward-Looking Information
This news release contains forward-looking information. Forward-looking statements include, but are not limited to the continued
advancement of the company's general business development, research development and the company's development of mineral
exploration projects. When used in this press release, the words "will", "shall", "anticipate", "believe", "estimate", "expect", "intent",
"may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Euromax believes that
their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no
assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause
actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of
minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with
Canadian securities regulators available on SEDAR at
www.sedar.com
. Forward-looking statements contained herein are made as of
the date of this news release and Euromax disclaims any obligation to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE
EurOmax Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/November2017/06/c1401.html
%SEDAR: 00009131E
For further information:
please visit www.euromaxresources.com or contact: Martyn Konig, Executive Chairman, +44 (0) 20 3667 2970,
[email protected]; Varshan Gokool, President & CEO, +44 (0) 20 3667 2970, [email protected]
CO: EurOmax Resources Ltd.
CNW 08:00e 06-NOV-17