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Ares Strategic Mining Announces the Appointment of a New Director
(via TheNewswire) - Mr. Bob Li is a world expert in fluorspar mining an...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Announces the Appointment of a New Director(via TheNewswire)\n \n \n- Mr. Bob Li is a world expert in fluorspar mining and production.\n\n\n \n- Mr. Li has committed his Company's resources and expertise to ensuring Ares's success. \n\n \n \nVancouver, B.C. - TheNewswire - June 9th, 2020 -- Ares Strategic Mining Ltd. (TSXV:ARS) (\"Ares\" or the \"Company\") is pleased to announce the appointment of Bob Li as a Director of the Company. Mr. Li is the Managing Director of the Mujim Group, one of Asia largest fluorspar producers. Mr. Li operates several fluorspar mines in Thailand and Laos, as well as fluorspar trading companies in India, China, and the UAE. Mr. Li brings to Ares many years of operational experience in the fluorspar industry, and has committed to lend his expertise, personnel, equipment, and technology to the benefit of the Company and its ambitions. \n\n \n \nIn addition to Mr. Li's recent appointment, the Company has been given permission by the TSX to increase its non-brokered private placement amount (the \"Offering\") to approximately 13,750,000 units (\"Units\") at a price of $0.08 per Unit for gross proceeds of approximately $1,100,000. Each Unit shall consist of one common share in the capital of the Company (a \"Common Share\") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will be exercisable by the holder thereof into one common share of the Company at a price of $0.15 for a period of 24 months from the completion of the Offering.\n\n \n \nJames Walker, CEO of Ares, said, \"It's a major coup to bring in someone as experienced with fluorspar mining and processing as Mr. Li. After visiting his mines in Thailand and seeing the scale, organization, and technology of his operation, we cannot imagine a better partner and Director to ensure the Company successfully achieves a profitable and efficient mining operation. This development hugely assists to de-risk our project as we will benefit from years of honed fluorspar mining practices. We look forward to working with Mr. Li in the coming months as we advance towards mining and production.\"\n\n \n \nRaul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. Mr. Sanabria is not inde...