2013-02-01 13:51:26 -
Toronto, Ontario CANADA, February 01, 2013 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), is pleased to announce that it has appointed Paul Robertson as Chief Financial Officer.
Mr. Robertson has over fifteen years of accounting, auditing, and tax experience including working with Ernst & Young from 1999 to 2005. Currently, he is the managing partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. Mr. Robertson holds a BA from the University of Western Ontario (1993) and obtained his Chartered Accountant designation from the British Columbian Institute of Chartered Accountants (1997).
Mr. Robertson replaces Donald Cameron, who will continue to pursue and develop
other opportunities, as Managing Director of InHouse CFO services. Subject to TSX approval, Mr. Robertson is granted 300,000 stock options that are exercisable at a price of $0.10, vesting over 18 months and expire after 3 years.
Chief Executive Officer, Mr. Alexander Massoud stated "We are very pleased with Mr. Robertson's appointment as he has a proven record of accomplishment within the mining industry. He has mining specific corporate finance expertise and will make a strong addition to the Alexander Nubia team." Mr. Massoud further commented, "On behalf of the Board, I would like to thank Don for his contribution and wish him well in his feature endeavours."
About Alexander Nubia International Inc.
Alexander Nubia International Inc. is an established Canadian mineral exploration company committed to identifying, focusing on, and advancing gold and base-metal projects in the Eastern Desert of Egypt. The Company holds two exploration concessions in Egypt: Abu Marawat and Fatiri, which cover areas of 1,027 km2 and 1,745 km2, respectively. The Company is focused on exploration within the Abu Marawat Concession, which contains its two main properties, the Abu Marawat mesothermal vein deposit, with a NI 43-101 inferred gold-copper-rich resource, and the Hamama volcanogenic massive sulphide (VMS) deposit.
Operating in Egypt since 2007, the Company is focused on the advancement of the Hamama VMS deposit - located in the Arabian-Nubian Shield (ANS), which is known for the quality of its VMS deposits. Hamama is characterized by excellent first-stage drill results that intersected high-grade semi-massive and massive sulphide mineralization, a broad zone of VMS gossan at-surface containing high-grade gold and silver (a "gold cap"), and an extensive mineralized footwall stringer and breccia zone.
The Company holds a highly prospective land package with an established history of mining dating back to the Pharaonic era, with three historical gold mines and four major prospects. The land package is enhanced by excellent and nearby infrastructure, which includes access to highway and railway, a high-capacity electricity grid, and nearby major cities: Qena, on the Nile River, and Port of Safaga, on the Red Sea.
For more information on Alexander Nubia please contact:
A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Andrea E. Clark
Director, Investor Relations
Canada: +1 (604) 727-1813
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The securities of Alexander Nubia International Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. 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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Source: Alexander Nubia International Inc. (TSX.V - AAN) www.alexandernubia.com
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