Cap-Ex Ventures Ltd. (TSXV:CEV,OTCQX:CPXVF,FWB:X0V) announced that Ms. Valery Zamuner has joined the company as Chief Legal Officer and Corporate Secretary. The company also announced the amalgamation of Schefferville Iron Ore Exploration Corp.
As quoted in the press release:
Ms. Valery Zamuner was General Counsel, Vice President Legal Affairs and Corporate Secretary for Consolidated Thompson Iron Mines Ltd (CLM), and played a central role in managing CLM’s off-take and strategic partnership agreements with Wuhan Iron and Steel, as well as, negotiating and concluding the final sale of CLM to Cliffs Natural Resources Inc. The C$4.9B sale to Cliffs represents the largest acquisition ever of a North American iron ore company.
The Cap-Ex Board of Director’s has also approved the amalgamation of Schefferville Iron Ore Exploration Corp. (SIOEC), a wholly-owned subsidiary of Cap-Ex. Pursuant to the amalgamation, the shares of SIOEC shall be cancelled without any repayment of capital, no securities shall be issued and no assets shall be distributed by the Company in connection with the amalgamation. The articles and bylaws of the amalgamated corporation shall be the same as the articles and bylaws of the Company, and the name of the amalgamated corporation shall remain Cap-Ex Ventures Ltd.