Mr. AJ Ali Appointed as Edgewater Project Finance Advisor

Mr. AJ Ali has been appointed as Edgewater Exploration Ltd. (TSXV:EDW,OTCQX:EDWZF) Project Finance Advisor, and will advise the company and assist in structuring the overall project finance package, including bank debt, for the potential construction of the Corcoesto Gold Project in northwest Spain.

As quoted in the press release:

Mr. Ali is currently the Chief Financial Officer of Avanti Mining Inc. He is a Canadian Chartered Accountant with over 25 years experience in the mining industry and has been involved with over $2B (USD) in project financings for global mining projects. Prior to Avanti Mining, he was the Chief Financial Officer and a Director of Centenario Copper Corporation before its acquisition by Quadra FNX Mining and Chief Financial Officer of EuroZinc Mining Corporation (2004 to 2006) before it merged with Lundin Mining. Mr. Ali was the Chief Operating Officer and Chief Financial Officer of Resource 21 (1998 to 2003), a subsidiary of the Boeing Company, formed to produce satellite-based imaging data and information services. Mr. Ali was the Vice-President, Finance and Chief Financial Officer of Vista Gold Corp. (1992 to 1998). Prior to the merger of Peak Gold, Metallica Resources and New Gold Inc., Mr. Ali served as the Director and the chair of the Audit Committee of Metallica Resources Inc.

Edgewater Exploration President and CEO George Salamis said:

“AJ is a key addition to our team, he brings a wealth of knowledge, experience and global relationships which will give Edgewater the ability to negotiate the best possible terms as we initiate discussions with international banks in relation to structuring a financing package for Corcoesto. I look forward to working alongside AJ as we proceed with the development and financing of this gold project in Galicia, Spain.”

Click here to read the Edgewater Exploration (TSXV:EDW) press release