TORONTO, ONTARIO -- (Marketwired) -- 07/28/15 -- Energizer Resources Inc. (TSX: EGZ)(OTCQX: ENZR)(WKN: A1CXW3) ("Energizer" or the "Company") wishes to advise that Richard Schler has decided to step down as Chief Executive Officer ("CEO") of the Company, effective September 1, 2015. Mr. Schler will also resign from the board of directors on the effective date however will continue to provide ongoing consulting services to the Company. The timing of Mr. Schler's decision coincides with the Company's succession plan as it prepares to move forward onto its next stage of development.
Mr. Craig Scherba, P.Geo., who has acted as President and Chief Operating Officer ("COO") of the Company since September 2012, will replace Mr. Schler as the Company's CEO and will also continue to act as President. Prior to his appointment as President and COO, Mr. Scherba served as Vice President of Exploration for the Company from January 2010, and was responsible for the discovery of the Company's Molo Graphite Deposit (the "Molo"). Mr. Scherba lived with his family in Madagascar, and has been responsible for overseeing the development of the Molo.
The Board would like to take this opportunity to sincerely thank Mr. Schler for his hard work and dedication throughout the years with the business, and the valuable insight and experience he has provided to the Company through the exploration phase of the Company's history. The Board is excited that Mr. Scherba has accepted the position of President and CEO and the experience that he will bring as the Company moves into its next stage of development.
Issued on behalf of the Board of Directors.
Safe Harbour: This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Contacts:
Energizer Resources Inc.
Brent Nykoliation
Senior Vice President, Corporate Development
+1.416.364.4911
bnykoliation@energizerresources.com
Energizer Resources Inc.
Craig Scherba
President and CEO
cscherba@energizerresources.com
