VANCOUVER, Aug. 22, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce the appointment of Mr. Robert ("Rob") Gough as Chief Financial Officer with effect from October 1, 2013.
Mr. Gough, MBA, B.Com, CPA, previously worked at BHP Billiton for a cumulative 16 years that included a number of senior executive roles. Most recently Mr. Gough was Vice President Finance (CFO) for BHP Billiton's Energy Coal division based in Sydney, Australia. In this role he was responsible for the division's statutory and management accounting, Information Management and governance of capital investment, risk processes and compliance.
Mr. Gough's prior roles at BHP Billiton include VP Finance (CFO) in the Minerals Exploration division and VP Business Development in both the Energy Coal and Diamonds and Specialty Products divisions. During this time Mr. Gough worked in the United Kingdom, Australia and Canada and was involved with a number of successful market acquisitions across the various jurisdictions as well as numerous commercial transactions and other transaction opportunities.
Coalspur's President and CEO, Gill Winckler commented "Rob brings to Coalspur a diverse financial acumen across multiple industry segments, including the thermal coal sector, and significant expertise in public company corporate finance as well as corporate development. Rob's experience will serve us extremely well as we move towards construction on Vista. We are very pleased to have Rob join Coalspur, and his appointment now completes the building of the executive management team of the Company."
Coalspur is a thermal coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is the Vista project, which covers approximately 10,000 hectares and provides for the development of a large scale, surface mineable, thermal coal operation.
No regulatory authority has approved or disapproved of the information contained in this release.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking information concerning Coalspur. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are statements of forward-looking information. Although the Company believes that such forward-looking information is based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from the forward-looking information. Factors that could cause actual results to differ materially from the forward-looking information, include but are not limited to: risks associated with funding requirements for Vista development; fluctuations in coal prices; uncertainties related to the availability of future financing; risks related to Coalspur's existing credit facility, risks associated with take or pay commitments with Ridley Terminals, risks associated with the need for governmental licences, permits and approvals, uncertainties related to aboriginal rights claims and multiple mineral development, and uncertainties related to general economic, market and business conditions. For more information on Coalspur, investors should review Coalspur's continuous disclosure filings that are available at www.sedar.com and www.asx.com.au.
SOURCE Coalspur Mines Limited