Canada Silver Cobalt Works Inc (TSX-V:CCW, OTCQB:CCWOF) has announced that two members have been named to its board of directors, with Daniel Barrette appointed to fill a vacancy and Annemette Jorgensen appointed as an additional director of the company.
The company noted that Barrette possesses over 15 years of experience in the mining industry, including substantial experience in managing and restructuring mining companies. He was instrumental in the restructuring and development of SearchGold Resources Inc from 2011 until its successful RTO by Ubika Corp in 2013 including a $54 million financing.
It said Barrette has assisted public and private mining companies in acquiring mineral properties in the Democratic Republic of the Congo (DRC), including claim staking, and establishing and developing business in the DRC, where he has an extensive network of strategic contacts. Prior to SearchGold, he was COO for Gilla Inc until its reverse takeover with Snoke Distribution Canada Ltd and also president & CEO of Affinor Resources Inc.
READ: Canada Silver Cobalt Works closes private placement raising gross proceeds of $1.57M
The company pointed out that Jorgensen brings over 20 years expertise to the board in corporate development, finance, media, public relations, investor relations expertise and directorship experience with TSXV-listed Issuers.
She has previously served on the board of directors for Canada Silver Cobalt and Granada Gold Mine Inc. As manager of Debentures Investments with Samoth Capital Corporation, Jorgensen raised several million dollars and substantially increased shareholder returns on investment.
The company's board of directors now consists of five members being Frank J. Basa, CEO, Matthew Halliday, president, Dianne Tookenay, Daniel Barrette and Annemette Jorgensen.
Canada Silver Cobalt Works recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres (km) from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario.
The company has completed a 60,000-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
Contact the author at jon.hopkins@proactiveinvestors.com