Huakan Mining Appoints David Bo to Its Board of Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/25/13 -- Huakan International Mining Inc. (TSX VENTURE: HK), an exploration stage miner with several projects in British Columbia, today announced that Mr. David Bo has been appointed as an independent director of the Company following shareholders' approval at its annual general meeting held today in Vancouver. Mr. Bo will also serve on the Company's Audit Committee.
"Mr. Bo is a welcome addition to our Board," said Mr. Pengzhi Guo, Chairman of Huakan International Mining. "He brings a deep understanding of the resource sector and considerable experience as a director of public companies. His knowledge, background and industry relationships will be invaluable in helping Huakan to realize its full potential."
Mr. Bo has 25 years of experience in the resource sector. He started his career at PetroChina, the largest integrated oil & gas company in Asia. He then joined the Ivanhoe group in 1996 and assumed various positions, including Business Development Manager at Sunwing Energy Ltd. (a wholly-owned subsidiary of Ivanhoe Energy Inc.) and Senior Business Manager at Jinshan Gold Mines Inc. (now China Gold International) then General Manager, Business Development of Ivanhoe Capital Corporation. During his tenure at Ivanhoe, Mr. Bo took lead in or was heavily involved in business development, project management, legal affairs, joint ventures, financing, government and partner relations. Mr. Bo brings first-hand experience in corporate development, financing, investment banking, joint ventures and project management to the Board.
Mr. Bo was a Director of Abra Mining Limited, an Australian non-ferrous metals explorer from September 2008 to October 2010, and was a Director of Ferrous Resources Limited, a British company focused on iron ore development in Brazil from May 2008 to June 2010. Most recently, Mr. Bo was the Executive Chairman of China Minerals Mining Corporation from June 2011 to June 2012.
"We also take this opportunity to thank outgoing director Mr. John Anderson for his contributions to the company," said Mr. Guo.
About Huakan International Mining
Huakan International Mining is a TSX-V listed mining company trading under the symbol of HK that is focused on gold, silver, and non-ferrous mineral acquisition, exploration and development activities. The company's flagship J&L project isa precious and polymetallic advanced stage exploration project, located near Revelstoke, BC. The Company also strategically holds 100% interests in the Caramelia (gold) and Old Nick (nickel/cobalt) exploration properties near Rock Creek, BC, and Midway (gold) exploration property near Midway, BC. The Company's BC properties cover 6700 hectares of ground in total.
CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION
Certain information disclosed in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the impact of general economic conditions, industry conditions, commodity prices, availability of financing, results of technical studies and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statement. Huakan disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Huakan International Mining Inc.
Fiona Leung
Chief Financial Officer
(604) 694-2344
www.huakanmining.com
