AXIOM MINING LIMITED (ASX CODE: AVQ)
Media release
4 June 2007
APPOINTMENT OF INDEPENDENT
DIRECTOR
JOHN COOK JOINS AXIOM BOARD
The
Board of directors of the Company are pleased to
announce the appointment of Mr John Cook as a non-executive
independent director and chairman of the Company.
John
has more than 40 years experience as an institutional and high net worth
advisor, specialising in the raising of capital for
mining companies and is an authorised representative
of Reynolds & Co Stockbrokers, Sydney.
He
is chairman of the board of directors of Petaquilla
Minerals, which is listed on the Toronto, New York and Frankfurt exchanges and has a market cap of over
C$200 million. John is also president and director of Petaquilla
Copper Limited, which is undergoing an IPO on the Toronto Stock Exchange.
Petaquilla
Copper is developing the world-class Minera Petaquilla Copper project in Panama, ranked as one of the top five undeveloped
copper projects in the world. The parent company, Petaquilla
Minerals is also putting into production a 120,000 oz pa open pit gold mine in Panama. John has participated in the
raising of
more than C$86 million for Petaquilla Minerals since
2006 and C$39 million for Petaquilla Copper in a
private placement just completed.
John
began in the broking industry with J.B. Were & Son in 1962 and ultimately
ran the trading floor for a number of Sydney brokers between periods overseas. He ran
his own business from 1975-79 and established the Sydney office of Paul Morgan & Co from 1985-88
before taking on the role of private client advisor with Reynolds.
Commenting
on the appointment, Axiom director and CEO Jake Gray said: "John is a valuable addition to Axiom's Board
and his wealth of experience in mining and capital raisings adds considerable
strength to our team's capability in the assessment of corporate and
exploration opportunities, especially as the Company grows."
For
further information
Jake
Gray Jack
McCarthy Doug
Macdonald
CEO
& Director Executive
Director Geology Capital Group
Axiom
Mining Axiom
Mining 0424 255 959
61 2 9276 1600 61
2 9276 1600 (61
424 255 959)