SHERMAN OAKS, Calif.,
Dec. 29, 2011 /PRNewswire/
-- ABOT Mining (Pink Sheets: ABOT.pk) announced that effective
December 28, 2011, Morris Rafi resigned as the President, Chief
Executive Officer, Chief Financial Officer, and Secretary of ABOT
Mining (the "Company"). Prior to Mr. Rafi' resignation,
Imran Firoz was appointed as the
director and Mr. Firoz became the President, Chief Executive
Officer, Chief Financial Officer, and Secretary of the Company.
Mr. Firoz has a proven track record in the areas of investment
banking, strategic planning & corporate development, M&A,
financial restructuring and risk management. Over the past 15
years, Mr. Firoz has held a variety of leadership positions across
the globe with organizations in the
United States, Canada,
Middle East and India.
Mr. Firoz received his MBA in April
2001 from Richard Ivey School
of Business, University of Western
Ontario, Canada and graduated in July
1993 with Bachelor of Engineering (Chemical) from Aligarh
University, India. Mr. Firoz is a
Certified Financial Risk Manager from Global Association of Risk
Professionals (GARP), New Jersey
since January 2003.
About the Company
ABOT is a US based mining company engaged in discovering,
acquiring, developing, producing, and marketing precious and
semi-precious metal properties and is currently headquartered in
Sherman Oaks, California. ABOT
plans to create long term shareholder value by implementing an
aggressive exploration program, making new precious metals
discoveries and developing mining properties with long-life and low
cost operation. ABOT's strategy is based on a positive outlook in
the precious and semi-precious sector and finding synergies with
mineral owners to deliver consistent returns to its
shareholders.
Forward-Looking Statement
Any statements made in this press release which are not
historical facts contain certain forward-looking statements; as
such term is defined in the Private Security Litigation Reform Act
of 1995, concerning potential developments affecting the business,
prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific
items described in this release, and the company's operations
generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon
the best judgments of management of the company as of the date of
this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including,
without limitation, the company's dependence on third parties,
general market and economic conditions, technical factors, the
availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The
company disclaims any obligation to update information contained in
any forward-looking statement. This press release shall not be
deemed a general solicitation.
Contact:
Imran Firoz, President
ABOT Mining Co.
13920 Moorpark Street, Suite 201,
Sherman Oaks, CA 91423
E: info@abotmining.com
SOURCE ABOT Mining Co.