VANCOUVER, April 26, 2018 /CNW/ - Grande West
Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) –
April 26, 2018: ("Grande West" or the
"Company"), a Canadian manufacturer of mid-sized multi-purpose
transit vehicles for sale in Canada and the
United States, is pleased to announce the appointment of Mr.
Danial Buckle as Chief Financial
Officer.
Dan is a Chartered Professional Accountant (CPA, CA) with more
than 15 years of diversified experience and leadership in
finance. Most recently he was the Finance Director and
Corporate Secretary for Fortress Paper. In this position he
had a leadership role for the public company global financial
reporting and was heavily involved with forecasting, analyzing
operations and investment decisions, obtaining financing, global
tax planning, as well as due diligence and integration for
acquisitions. Prior to Fortress, Dan worked as a manager at
PricewaterhouseCoopers.
Mr. Buckle commented, "I am very excited to be joining the
Grande West team during a period of rapid growth and expansion for
the Company. I am also extremely proud to be joining a team
filling the need for more efficient and environmentally friendly
transit options."
Jean-Marc Landry, Chief Executive
Officer of Grande West stated, "Dan joins our executive team as the
new CFO at a very good time for Grande West. Dan's previous
experience translates well into Grande West's current growth
strategy, focus on clear reporting and integration of operational
and financial systems. "
The Company has granted Mr. Buckle 250,000 stock options with a
strike price of $1.45 for his executive incentive plan
that will vest over a three year period. The options are
exercisable until April 27, 2023, subject to exchange
approval.
Aaron Triplett is stepping down
from his position and will assist in the smooth transition of his
role. The Company wishes to thank Mr. Triplett for his time and
efforts over the past few years and wishes him success in the
future.
About Grande West
Grande West is a Canadian company that designs, engineers and
manufactures mid-size multi-purpose transit vehicles for public and
commercial enterprises. Grande West's Best-in-Class heavy-duty
Vicinity bus is available in 27.5', 30' and 35' models powered by
clean diesel or CNG designed with affordability, accessibility and
global responsibility in mind. It costs significantly less than a
regular 40 foot transit bus, is more maneuverable, burns less fuel
and emits less harmful emissions. Grande West will soon be offering
a new product which will be the first Crossover Vehicle in the
transit space - a medium-duty, monocoque-designed rear engine
vehicle.
The Company has been successful in supplying Canadian municipal
transportation agencies and private operators with new buses and is
receiving follow-on orders in many Canadian transit agencies.
Grande West is compliant to Buy America certification, and along
with ABG, its exclusive US distributor, is actively pursuing
opportunities in public and private transit fleet operations that
would benefit from Grande West's vehicles.
For further information please contact:
Grande West
Transportation
John LaGourgue
VP Corporate Development
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
Neither the TSX-V nor its Regulation Service Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact, included herein, including without
limitation, statements regarding the use of proceeds from the
Private Placement, are forward-looking statements. Forward-looking
statements are frequently, but not always, identified by words such
as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible", and similar expressions, or statements
that events, conditions, or results "will", "may", "could", or
"should" occur or be achieved. Forward-looking statements involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements.
Important factors that could cause actual results to differ
materially from Grande West's expectations include uncertainties
relating to the receipt of final approval from the TSX-V; and other
risk and uncertainties disclosed in Grande West's reports and
documents filed with applicable securities regulatory authorities
from time to time. Grande West's forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made. Grande West assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
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SOURCE Grande West Transportation Group Inc.
