DGAP-News Jaxon Announces Chairman and Lead Director; Creates Technical Advisory Board
DGAP-News: Jaxon Minerals Inc. / Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) announces the appointment of John King Burns as Chairman and Lead Director. Mr. Burns' knowledge in corporate governance, geological strategies and all aspects of mining finance will contribute strongly to the continued development of Jaxon. Mr. Burns is former Chairman and founder of Northern Orion, which was subsequently acquired by Yamana Gold in a $1 billion transaction. He also served as Global Head and Managing Director of the Derivative Trading and Structured Finance Group at Barclays Metals London, a unit of Barclays Bank PLC, from 1991-1997, which provided over $3 billion to the mining industry during his tenure. It was Mr. Burns and his Barclays team that first proposed the combination of Minas Luismin S.A. with Wheaton River Minerals, which later became Goldcorp.
Mr. Burns currently serves as Independent Director of China Gold International Resource Corp ($800 million market capitalization) and to Simba Essel Energy and was an Advisor to Western Potash in the $32 million investment by a subsidiary of China National Overseas Oil Corporation (CNOOC). Mr. Burns' prior accomplishments working within the mining industry include being former Chairman and Lead Director of Athabasca Potash (before it was sold to BHP for $341 million); as well as former Chairman of Dolly Varden Silver which, like Jaxon, is focused on the Golden Triangle in BC.
Jason Cubitt, President of Jaxon Minerals, stated 'We are deeply pleased to have the counsel of John King Burns as Jaxon builds into a significant exploration company. Not only will his experience in mining finance be invaluable, as Chairman he will ensure that the Board governs and advises the Company appropriately. John's merger and acquisition experience will open significant opportunities with institutional investors, developing strategies as we develop Jaxon's assets.'
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