Argex appoints Glen Kayll as Chief Financial Officer
MONTREAL, Nov. 28, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) ("Argex" or the "Company") announced today the appointment of Mr. Glen Kayll as its new Chief Financial Officer. Mr. Kayll replaces Mr. Mark Billings, who will take on the role of Senior Vice President of Corporate Development and continue as a director of the company.
Mr. Kayll holds a Bachelor of Commerce degree from Carleton University, an MBA from Simon Fraser University, and is a CPA. He has 20 years of corporate finance experience, including as CFO and senior finance and operating roles with Canadian and US public companies listed on both the TSX and NASDAQ exchanges, one of which became an S&P500 component company.
Mr. Roy Bonnell, CEO of Argex, stated: "Mr. Kayll is a seasoned CFO and comes with a 20-year track record of increasing shareholder value in technology and manufacturing industries. Mr. Kayll brings significant operating and capital markets experience in high-growth multinational businesses and has strong relationships in the global financial and investment communities. He has lead large teams during times of significant transition, and has completed over $4 billion in financings and other transactions during his career."
"Mr. Kayll's appointment marks an important step in the evolution of our company," added Mr. Bonnell, "we are rapidly transitioning into a high growth producer of titanium dioxide pigment. His experience and skill set as a CFO of highly successful operating companies and in structuring and closing on large financings is a huge value-added for Argex and its shareholders at this point in our development. We will continue to grow the depth and experience of our team as we move rapidly towards production."
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of Titanium Dioxide (TiO2) pigment. With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process. Argex is pleased to have selected Valleyfield, Quebec as the location for its Research & Development centre and first industrial-sized production facility. The location of the site can be viewed at Argex Valleyfield.
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in Argex's Annual Information Form for the fiscal year ended December 31, 2012, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
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SOURCE Argex Titanium Inc.