Kairos Capital Corporation (“Kairos” or the “Corporation”) is pleased to announce the appointment of Mr. Steven Cochrane to the position of President and CEO.
Mr. Cochrane has 36 years of investment industry experience during which he has participated in raising in excess of $500,000,000 for a variety of “small cap” public companies in various businesses and industry sectors including mining. In addition to having been associated with numerous domestic transactions, Mr. Cochrane has also been involved with many international opportunities – primarily in China and most recently with a series of mining projects and concessions in Cambodia owned by a Canadian public company. Mr. Cochrane’s extensive capital market experience will be an invaluable asset as Kairos continues with the roll-out and expansion of its lithium strategy.
Mr. Cochrane’s 36 year career included the following:
- he initially joined Pitfield Mackay Ross in 1981, after which he moved to the Calgary office of Levesque Beaubien in 1986. As one of only four initial employees at this office, Mr. Cochrane was involved in all aspects of the investment business including a role in corporate finance. Mr. Cochrane spent 18 years with Levesque Beaubien and its subsequent entities culminating with National Bank Financial (“NBF”). While at NBF, Mr. Cochrane was instrumental in the initial public offerings for both Wilan Inc in 1998 and Resverlogix in 2001.
- he moved to First Associates in 2004 which was the predecessor company to Blackmont Capital followed by its acquisition by Macquarie Bank of Australia in 2009 (to become Macquarie Private Wealth) and its subsequent acquisition by Richardson GMP Ltd. in 2014. Mr. Cochrane has been a Vice President and Investment Advisor at Richardson GMP until his decision to join Kairos.
Mr. Cochrane has been active in the Calgary community where he was a founding Board member of the Kid’s Cancer Care Foundation of Alberta and a co-founder of the Ranchmen’s Renegades, a charitable organization involved with children’s cancer.
“I see Kairos as an excellent opportunity to bring the skills and knowledge I have gained over the last 36 years to a world class resource play. I look forward to working with Terry Walker, Kairos’ Vice President of Exploration in Chile, to advance the Corporation’s numerous prospects and raising awareness in the investment community” commented Mr. Cochrane on his decision to join Kairos.
Mr. Cochrane’s appointment remains subject to the approval of the TSX Venture Exchange.
In connection with this appointment, Kairos also announces that it intends to grant 600,000 stock options to purchase Common Shares of the Corporation at a price of $0.45 per share to Mr. Cochrane. The stock options will have a 5 year term and will vest over a 3 year period. The stock option grant also remains subject to TSX Venture Exchange approval.
Kairos is a public company listed on TSX Venture Exchange (“KRS-V”) that is engaged in advancing a Lithium property portfolio consisting of approximately 536 square kilometers on 11 different salars in Chile. The Kairos properties include 56 square kilometres on the Salar de Atacama which hosts the world’s highest concentration Lithium brine production and is currently the source of about 30% of the world’s Lithium production. Sampling conducted by Kairos to date has yielded Lithium assay results from surface and near surface brines of up to 1410 mg/l and 1110 mg/l on 2 of its 11 salars – concentrations that approach the production grades from the Salar de Atacama.
Kairos also owns a significant Copper/Gold/Silver property portfolio consisting of approximately 266 square kilometers over 6 different properties located in Chile. Kairos has been conducting preliminary exploration work which included surface sampling, mapping and IP surveys as well as recent drilling on the properties.
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Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements“). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Corporation’s views regarding its properties and the ability of the Corporation to conduct exploration on its properties.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
For further information contact
Steven Cochrane, President and CEO
Kairos Capital Corporation
#900, 903 – 8th Ave SW
Calgary, Alberta T2P 0P7
(403) 852 7117
Al Kroontje, Chairman
(403) 607 4009