VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Bankers Cobalt Corp. (TSXV:BANC) (the “Corporation” or “Bankers”) announces that Mr. David Frances, a member of the Advisory Board, has agreed to act as a Special Advisor to the Bankers Board of Directors.
Kevin Torudag, President of Bankers’ DRC operating subsidiary stated: “Bankers is extremely pleased to announce David Frances has agreed to act as Special Advisor to our Board of Directors, representing an increase in his involvement from the previous Advisory Board position. Mr. Frances has an in-depth knowledge of building resource companies in the DRC and in capturing value for stakeholders. In addition to his extensive knowledge base, Mr. Frances has valuable contacts in both the operational and financial market arenas. Mr. Frances will provide strategic advice at the corporate level and assist in building an efficient operating team in the DRC.”
About David Frances
Mr. Frances is an international mining executive of 25 years with a track record of developing assets in the Democratic Republic of Congo (DRC) with Mawson West from 2006-2012. He developed Mawson West from a Western Australian gold hopeful into a significant international copper producer, developer, and explorer in the DRC. After successfully completing a transaction with Anvil Mining and subsequently recommissioning and restarting the Dikulushi copper-silver mine, Mr. Frances then completed the largest base metals capital raise and IPO in the world in 2010 when Mawson West was listed on the TSX with a market capitalization of $250 million. Mr. Frances has also overseen other successful developments which delivered the Challenger gold deposit in South Australia for Dominion Mining – now owned by Kingsgate. Mr. Frances was appointed Chairman of Tiger Resources Limited (ASX:TGS) on December 20, 2017. TGS announced on January 22, 2018, a binding agreement to divest the TGS DRC operations for US$260 million to a consortium comprised of Sinomine Resource Exploration and Shenzen Oriental Fortune Capital.
About Bankers
Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world class Canadian standards. This will address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 20 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area more than 297 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 20 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Copperbelt of the DRC. Bankers believes it is one of the front runners in advancing cobalt and copper exploration by a junior mining company in the DRC.
