Elim Mining Appoints Mining Executive David Laing as Chairman
CASA GRANDE, Ariz. & VANCOUVER, British Columbia (BUSINESS WIRE) #Arizona
Elim Mining Incorporated (“Elim” or the “Company”), an emerging private US-based copper developer and producer, is pleased to announce the appointment of David Laing as Chairman of the board of directors. Mr. Laing is replacing Paul Huet as Chairman, who is leaving the board to focus on his efforts at Karora Resources in Australia.
Alan Edwards, Elim Mining Interim CEO, commented, “On behalf of the Board and Management Team we would like to thank Paul for his hard work at Elim Mining and wish him the best at Karora.
Elim Mining Welcomes Industry Veteran Alan Edwards as Interim CEO
CASA GRANDE, Ariz. (BUSINESS WIRE) #Arizona
Elim Mining Incorporated (“Elim” or the “Company”), an emerging private US-based copper developer and producer, is pleased to announce the appointment of Alan Edwards as Interim Chief Executive Officer and Director, effective immediately. Mr. Edwards is replacing John Antwi, former President, CEO and Director.
The Board and Management Team would like to thank John for his tireless efforts in founding and advancing the Company and wish him all the best in his future endeavours. We also would like to welcome Alan to the team. His experience advancing Arizona base metal companies is unparalleled and we look forward to his input while we complete our search for a permanent CEO.
Elim Mining Completes $3.8 Million Equity Financing
CASA GRANDE, Ariz. & VANCOUVER, British Columbia (BUSINESS WIRE) #Arizona
Elim Mining Incorporated (“Elim” or the “Company”), a private copper exploration and development company, is pleased to announce the closing of the first tranche of a non-brokered private placement of common shares of the Company ( Common Shares ) for aggregate gross proceeds of $3,811,620.60 (the Offering ). Under the Offering, the Company issued a total of 12,705,402 Common Shares at a price of $0.30 per Common Share. A second tranche consisting of shares subscribed by a technical consortium (the “Consortium”) comprised of Samuel Engineering and Q&D is expected to close in January 2021. The Company has agreed with the Consortium that $1,900,000 of the fees payable for certain services on the stockpile project will be satisfied by issuing Common Shares (6,333,333) at the deemed price of $0.30 per Common Share. The Company’s largest sharehold