Vancouver, BC -- June 6, 2016 -- AsiaBaseMetals Inc. (the "Company") (TSX-V: "ABZ") is pleased to announce that it has appointed Mr. Stephen Leahy to the Advisory Board of the Company.
Mr. Leahy has over 33 years of experience in the venture capital and public company arenas primarily in the Mining and Petroleum sectors with involvement in projects located around the globe. Mr. Leahy, as Chairman and CEO of North American Tungsten Corporation Ltd. (NATC), acquired several Tungsten mineral assets, including the Cantung Mine, located in the Northwest Territories in 1997. By 2001, under Mr. Leahy's stewardship, the Cantung Mine was brought into production and quickly became the Western World's largest Tungsten producing entity, with annual output equating to 4% of the total annual world production. NATC achieved significant successes during Mr. Leahy's tenure, being named twice as the "fastest growing public Company" 2 years in a row and achieving a consistent position in the "top 100 public companies in B.C.", with revenues in excess of $CDN 80 million as well as a employing a 250 person workforce. Mr. Leahy's participation in the world of Tungsten did not end at the production level, becoming an active member of the London based, International Tungsten Industry Association (ITIA), serving on the Executive Committee for eight years, as Vice President for 2 years (2009/10) and becoming President for the years 2011/12.
"It's my pleasure to welcome Mr. Stephen Leahy to the Advisory Board of AsiaBaseMetals Inc. Having had the pleasure of knowing Stephen for quite some time, and the opportunity to follow his accomplishments, I'm sure the Company will benefit from his knowledge and relationships as it moves forward, together with the Company's existing Advisory Board members, Mr. Henry Park and Mr. Joe Piekenbrock, to build shareholder value for all shareholders; including significant shareholders who have been shareholders since the formation of AsiaBaseMetals Inc. as a publicly traded company pursuant to a Spin-Out transaction under a plan of arrangement from Tintina Resources Inc. " stated Chairman of the Board & CEO, Raj Chowdhry.
Neither the TSX Venture Exchange nor its Regulation 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.
Certain disclosure in this news release constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Raj Chowdhry, Chief Executive Officer