Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) today announces that it has appointed Stephan Theron as President and CEO of Kombat Copper. Paul Bozoki will return to his role as CFO and Heidi Gerry will resume her role as Corporate Controller. Mr. Theron will also join the board of directors of Kombat Copper (the “Board”) replacing Mr. Bozoki.
Mr. Theron brings to Kombat Copper 17 years of extensive management, capital project development and M&A experience within the mining industry. Prior to joining Kombat Copper, Mr. Theron was Managing Director at Liberty Metals & Mining, a private equity group based in Boston, Massachusetts. Mr. Theron was also a strategic member on the board of directors of True Gold Mining. Prior to his work in Boston, Stephan was President & CEO at Forbes & Manhattan Coal Corp., based in Toronto. While he worked at Forbes Coal, he led the acquisition, restructuring and development of two coal mines in South Africa. He has structured numerous mining focused investments and has worked on mining projects throughout Africa and North America. Mr. Theron holds two degrees in Finance and is a Certified General Accountant.
Justin Reid, Executive Chairman of Kombat Copper commented: “The Board of Kombat Copper is pleased to welcome Stephan as our new President and CEO. Stephan’s extensive operational and African-focused experience, coupled with his detailed knowledge of project funding and investing will act to not only strengthen our core group, but position the Company as we advance through our previously announced mid-term initiatives and ultimately move back towards full scale production. We have a lot of work to do, and we believe Stephan is the right person to lead us. The Board would also like to thank Paul Bozoki, who will be returning to his role as CFO. Paul skillfully stepped in as CEO as we worked on our final restructuring plan.”
Stephan Theron, President and CEO of Kombat Copper, commented: “I am pleased to join Kombat Copper at an important time in the copper price cycle. The Kombat Mine is very well positioned to act as a platform for future growth in Africa and potentially beyond. I’m looking forward to getting started, further enhancing the team’s strength and implementing the mine development strategy.”
In connection with Mr. Theron’s appointment, the Company has granted Mr. Theron 1,500,000 stock options in accordance with the Company’s stock option plan. The options have an exercise price of $0.05 and will expire five years from the date of grant. The options will vest immediately. The grant of options remains subject to the approval of the TSX Venture Exchange.
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