03:08:47 EDT Thu 11 Jun 2026
Enter Symbol
or Name
USA
CA



Celeste Copper Corp
Symbol C
Shares Issued 53,061,314
Close 2011-09-08 C$ 0.17
Market Cap C$ 9,020,423
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Celeste Copper appoints Abasov as director, chairman

2011-09-09 14:07 ET - News Release

Mr. Norm Brewster reports

CELESTE COPPER ANNOUNCES FARHAD ABASOV HAS JOINED BOARD AS CHAIRMAN

Celeste Copper Corp. has appointed Farhad Abasov to the company's board of directors and has named him chairman.

Mr. Abasov serves as president and chief executive officer of Allana Potash Corp., and executive chairman of Rodinia Lithium Inc. Before joining Allana, Mr. Abasov held various senior executive positions and directorships with leading domestic and international resource, energy and finance companies. Most recently, Mr. Abasov served in senior management positions with Potash One Inc. and Uranium One Inc. Mr. Abasov was also a vice-president with Energy Metals Corp., a premier uranium company, which was sold to Uranium One for $1.8-billion in 2007. Mr. Abasov has an MBA in international business and finance from the International University of Japan, a leading Japanese business school.

Norm Brewster, president and chief executive officer of Celeste, commented: "We are pleased to have Farhad Abasov join Celeste's board of directors and serve as the company's chairman. Farhad has a strong track record of creating shareholder value for resource companies, both from an operating business model perspective and in managing the public markets aspect, which can be so critical to the overall success of an emerging company. I know Farhad is committed to helping the Celeste team realize the value that our exciting projects represent for our shareholders. I look forward to working with him."

Mr. Abasov commented: "I am excited to be working with the Celeste team to bring the Cornish mining region back into production. A tin project with the potential scale as this project should be a solid value creator. With this project and the management team, Celeste's shareholders should be well positioned for the future."

In conjunction with appointment of Mr. Abasov, the corporation has granted incentive stock options, effective today, to him to purchase up to a total 1.5 million common shares at an exercise price of 13 cents. These options are exercisable for a period of five years from the date of grant and are all immediately vested.

We seek Safe Harbor.

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