TSX.V: CPO, Pink Sheets: CBBWF
VANCOUVER, Feb. 16, 2018 /CNW/ - Cobalt Power Group Inc.
(the "Company") (TSX.V: CPO, OTC Pink: CBBWF) wishes to announce
that Jevin Werbes and Edmund Elbert have agreed to resign from the
Board of Directors of the Company in order to permit the
appointment of two new directors based out of Toronto, Ontario. In addition, Mr.
Werbes has tendered his resignation to the Board as Chairman.
Concurrently with the resignations, Mr. Chris Hopkins and Mr. Brian Murray have been appointed to the
Board.
Mr. Hopkins is a commerce graduate of the University of Toronto and a Chartered
Accountant. Mr. Hopkins is also the holder of a Masters of
Business Administration degree following his graduation from the
Schulich School of Business at York University. Mr. Hopkins
has more than 25 years' experience in financial management focused
in the resource industry. Past tenures include senior roles
with public mining companies, including U.S. Silver, Rio Algom, BHP
Billiton, Suncor as well as several Canadian and international
junior mining companies.
Mr. Murray holds a Bachelor of Science degree from the
University of Toronto and a Masters of
Business Administration degree from York University. He is a
Certified Public Accountant with 20 years' experience in public
accounting. Since 1990, he has been President of the
financial consulting firm Murcon Ltd. With over 25 years experience
in the resource industry and financial markets, Mr. Murray and has
served as a director and/or officer of several publicly listed
companies, including his present role as President, Director &
CEO of Cava Resources Inc. and SBD Capital Corp.
"We would like to thank Messrs. Werbes and Elbert for their
valuable contributions to the development of Cobalt Power Group
into one of the premier cobalt exploration companies active in the
Cobalt Camp of Ontario," comments
Dr. Andreas Rompel, President &
CEO. "I've enjoyed working with both gentlemen and wish them
well in their new ventures."
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian
exploration company listed on the TSX-Venture Exchange and U.S.
Pink Sheets (TSX-V: CPO, OTC Pink: CBBWF) focused on cobalt
exploration and development.
The Company has made a series of strategic property acquisitions
over the past two years, seeking cobalt mineralization near
Cobalt, Ontario - a region with a
long history of silver and associated cobalt production. Property
holdings total approximately 8,736 hectares (21,600 acres) in
contiguous and strategic claim blocks. There are several historic
mining operations on the properties that are potentially
accessible, including the Smith Cobalt shaft and its underground
workings.
On behalf of the Board of Directors
"Andreas Rompel"
_________________
Dr. Andreas
Rompel, President and CEO
Cobalt Power Group Inc.
www.cobaltpowergroup.com
We seek safe harbor.
The TSX Venture Exchange Inc. has in no way passed upon
the merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release. WARNING: The Company relies on litigation protection
for "forward looking" statements. Actual results could differ
materially from those described in the news release as a result of
numerous factors, some of which are outside the control of the
Company. This news release does not constitute an offer to sell or
a solicitation of an offer to sell any of the securities in
the United States. The securities
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.
SOURCE Cobalt Power Group Inc