Cohiba Minerals March 2024 Quarterly Activities Report & Appendix 5B

Cohiba Minerals Limited (ASX: $CHK) has released its March 2024 Quarterly Activities Report & Appendix 5B, outlining key developments. The company has appointed Mr. Faheem Ahmed as the Chief Executive Officer and Mr. Jamie Larmont as Non-executive Director. Additionally, Cohiba has received commitments for a capital raising of $0.85 million from professional and sophisticated investors, pending shareholder approval, to bolster its cash balance.

Executive Commentary

Cohiba Minerals is pleased to announce the progress made during the March 2024 quarter. We have initiated a comprehensive review of several business opportunities, marking a new strategic direction for the Company. The appointment of Mr. Faheem Ahmed as CEO and Mr. Jamie Larmont as Non-executive Director brings a wealth of experience to the leadership team, positioning us for future growth and success. The capital raising will further strengthen our financial position, enabling us to pursue our strategic objectives and generate value for our shareholders.

Summary

Cohiba Minerals' March 2024 Quarterly Activities Report highlights the company's strategic review and capital raise, signaling a new direction for the organization. The appointment of Mr. Faheem Ahmed as CEO and Mr. Jamie Larmont as Non-executive Director reflects the company's commitment to enhancing its leadership team. The $0.85 million capital raising, subject to shareholder approval, is expected to bolster the company's cash balance. Cohiba's focus on reviewing divestment opportunities and exploring new business prospects demonstrates its dedication to creating value for its stakeholders. The company's strong standing in various tenements and ongoing technical reviews position it for future growth and success.