Arizona Sonoran Appoints Nicholas Nikolakakis as VP Finance & Chief Financial Officer
10 Januar 2022 - 12:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (“ASCU” or the
“Company”), an emerging U.S.-based copper developer and near-term
producer, announces the appointment of Toronto-based Nicholas
Nikolakakis as VP Finance and Chief Financial Officer effective
today and reporting directly to the CEO. Mr. Nikolakakis’ capital
markets and financing expertise will prove invaluable as ASCU
transitions the Cactus Project through the various technical
reports and ultimately into a construction and development decision
with an ensuing Project Financing. Rodney Prokop, the former CFO,
will remain with the Company for a short interim period to ensure a
smooth transition and thereafter as a consultant on an “as needed
basis.”
George Ogilvie, ASCU President and CEO commented, “I’m delighted
Nick will be joining me at Arizonan Sonoran Copper Company and will
be a key member of the senior management team. We worked well
together at Battle North Gold where Nick raised the Company in
excess of $200 million over a 4-year period including the Project
Financing before it was acquired in the summer of last year. Nick
brings a wealth of Corporate Finance and Capital Markets experience
to the Company that will be invaluable as we look to grow the
Company and build the Cactus Project into a producing Mine in the
near term.
He continued, “On behalf of myself and the entire team at
Arizona Sonoran, we would like to thank Rod for his contributions
to the Company’s growth as a private company and to its transition
to the public markets. We are also grateful for his commitment to a
successful transition of the CFO role.”
Mr. Nikolakakis has over 27 years of corporate finance,
accounting and senior management experience within the mining
sector. Over his career, he has raised over US$2 billion in
numerous mining transactions. Most recently he was the Chief
Financial Officer for Battle North Corporation (acquired by
Evolution Mining in 2021). He was also the former Chief Financial
Officer of Rainy River Resources. Prior to Rainy River, Nick was
the Vice President of Corporate Finance at Barrick Gold
Corporation, where he led a US$1 billion project financing for
Barrick's Pueblo Viejo mine in the Dominican Republic and
successfully negotiated a US$1.5 billion corporate revolving credit
facility. Other previously held positions by Mr. Nikolakakis
include, Vice President and Chief Financial Officer of Placer Dome
Canada, and Treasurer at North American Palladium Ltd.
Mr. Nikolakakis holds an Applied Science degree in Geological
Engineering from the University of Waterloo and a Master of
Business Administration from the University of Western Ontario's
Ivey School of Business.
Neither the TSX nor the
regulating authority has approved or disproved the information
contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com)
ASCU‘s objective is to become a mid-tier copper producer in the
near term with low operating costs, develop the Cactus Project that
could generate robust returns for investors, and provide a long
term sustainable and responsible operation for the community and
all stakeholders. The Company's principal asset is a 100% interest
in the Cactus Project (former ASARCO, Sacaton mine) which is
situated on private land in an infrastructure-rich area of Arizona.
The Company is led by an executive management team and Board which
have a long-standing track record of successful project delivery in
North America complemented by global capital markets expertise.
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements contained in this new release includes,
but are not limited to, the intentions of ASCU to complete the
Offering, the planned use of the proceeds of the Offering and
future development and financial prospects of the Cactus Project.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of ASCU to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220110005347/en/
For more information: Alison Dwoskin, Director, Investor
Relations 647-233-4348 adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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