22 September 2011
Black Iron Inc (TSE: BKI CA, N/R), the Canadian iron ore exploration and development company that owns the Shymanivske license in Kryviy Rih, Ukraine, yesterday announced the appointment of Nikolay Bairak as Vice President of Government & Community Relations. Bairak founded and was president of the Members of Parliament Club in Ukraine, the only organization in Ukraine to include more than 300 MPs across all political parties, including the president. The addition to Black Iron’s management team follows its creation at the end of August of a non-executive Ukraine advisory board, which will provide input on how to operate effectively in Ukraine. Black Iron listed on the Toronto Stock Exchange in March 2011, after IPO of an 18.5% stake, raising USD 35.9 mln.