Alexander Nubia International Inc. Strengthens Corporate Development with the Appointment of Rick Peterson, VP of Corporate Development
Toronto, Ontario CANADA, May 23, 2013 /FSC/ - Alexander Nubia International Inc. (AAN - TSX Venture), (the "Company") is pleased to announce the appointment of Mr. Rick Peterson to provide corporate advisory services for the Company. Mr. Peterson will report directly to the Chief Executive Officer of the Company, Alexander Massoud.
Mr. Peterson has significant corporate development, capital markets and financing expertise to public companies in Canada. Rick has spent 25 years working in senior retail, institutional and investment banking positions with Canada's leading investment dealers and with emerging growth companies in the resource, technology, health sciences and industrial sectors. He has a significant network of high net-worth Investment Advisors in Canada as well as institutional investors and investment bankers in Canada and Europe.
The Company has granted Mr. Peterson 400,000 options to purchase common shares, exercisable at a price of $0.10 per share for a period of 2 years vesting in equal amounts on quarterly basis over 18 months. The granting of the options is subject to TSX Venture Exchange approval.
About Alexander Nubia International Inc.
Alexander Nubia International Inc. is an established Canadian mineral exploration company that has been operating in Egypt since 2007. It is committed to identifying, focusing on and advancing gold and base-metal projects in the Eastern Desert of Egypt. The Company holds two exploration concessions in Egypt: Abu Marawat and Fatiri, which cover areas of 1,027 km2 and 1,745 km2, respectively. The Company is focused on exploration within the Abu Marawat Concession, which contains its two main properties, the Hamama volcanogenic massive sulphide ("VMS") deposit and the Abu Marawat mesothermal vein deposit, with an NI 43-101-compliant inferred gold-copper-rich resource.
The Hamama VMS deposit is located in the Arabian-Nubian Shield, which is known for the quality of its VMS deposits. Positive first-stage drill results at Hamama intersected high-grade semi-massive and massive sulphide mineralization, a broad zone of VMS gossan at-surface containing high-grade gold and silver (a "gold cap"), and an extensive mineralized footwall stringer and breccia zone.
The Company holds a highly prospective land package with an established history of mining dating back to the Pharaonic era, with three historical gold mines and four major prospects. The land package is enhanced by excellent and nearby infrastructure, which includes access to highway and railway, a high-capacity electricity grid, and nearby major cities: Qena, on the Nile River, and Port of Safaga, on the Red Sea.
For more information on Alexander Nubia please contact:
A. Alexander Massoud
President and Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Email: amassoud@alexandernubia.com
Rick Peterson
Canada: +1 (604) 868-3164
Email: rickp@alexandernubia.com
ON BEHALF OF THE BOARD
Signed "Alexander Massoud"
Alexander Massoud, Chief Executive Officer
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 news release. The securities of Alexander Nubia International Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/AlexanderNubiaMay232013.pdf
Source: Alexander Nubia International Inc. (TSX.V - AAN) http://www.alexandernubia.com
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