Helios Fairfax appoints Masai Ujiri to its board of directors

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TORONTO, August 03, 2021 (GLOBE NEWSWIRE) – Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX: HFPC.U) announces that it has appointed Masai Ujiri as an independent director.

Ujiri grew up in Zaria, Nigeria, attended college in the United States, and became the first African general manager of professional sport in 2011, while with the Denver Nuggets. In 2013, he was named Senior Executive of the Year. Under Ujiri’s leadership, in 2019, the Toronto Raptors became the first team outside of the United States to win an NBA championship.

In 2003, Ujiri co-founded Giants of Africa, an organization that uses sport as a tool to enrich the lives of young people on the continent. The ethic of the organization is “Dream Big” and Giants is now in contact with young people – boys and girls – in more than 17 African countries and territories. The summer of 2018 marked the organization’s 15th anniversary and in July Ujiri and former US President Barack Obama opened the African Giants Court at the Foundation’s Sports Training, Resources and Vocational Training Center. Sauti Kuu, in Alego, Kenya. More courts are expected to be unveiled across the continent in September. The summer of 2022 will see the first Giants of Africa festival bringing together 200 young people from 11 African countries in Kigali, Rwanda, for a week of celebration of basketball, education, culture and entertainment.

In addition to his work with Giants of Africa, Ujiri served on the Board of Directors of Basketball Without Borders and attended African Union meetings with Prime Minister Justin Trudeau as part of the Canadian delegation. This year, Ujiri intends to take on new challenges, including advocating for equality and fair treatment of marginalized people in the justice system, and focusing on the issue of child soldiers and peace. In 2020, Ujiri launched thatshumanity.org, inspired by his experiences and lessons learned from leaders like Nelson Mandela.

Helios Fairfax is an investment holding company whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in Africa and in African companies or other companies with customers, suppliers or activities mainly carried out in, or dependent on Africa.

For more information, contact: Jennifer Pankratz, General Secretary
(416) 646-3560

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