Colonial Coal Announces the Appointment of Partha S. Bhattacharyya to Its Board of Directors
20 11월 2019 - 2:38AM
Colonial Coal International Corp. (TSX-V: CAD) (the
“
Company” or “
Colonial
Coal”). David Austin, Colonial Coal’s Chairman, is
pleased to announce that Partha S. Bhattacharyya has kindly
consented to be appointed to the Company’s Board of Directors.
Mr. Bhattacharyya is the former Chairman and
Managing Director of Coal India Limited, a coal-producing company
headquartered in Kolkata, West Bengal, India. Mr.
Bhattacharyya holds a post graduate degree in physics from Jadavpur
University, Kolkata, and a diploma in finance from ICFAI
University, Hyderabad. Mr. Bhattacharyya is also a Fellow of the
Institute of Cost and Works Accountants of India and the World
Academy of Productivity Science. Mr. Bhattacharyya joined
Coal India as a management trainee in 1977. Prior to joining
our Coal India, Mr. Bhattacharyya was the Chairman and Managing
Director of BCCL, where he played a crucial role in the turnaround
of the company, which had been reporting losses since its
inception.
Mr. Austin stated: “We are very excited and
extremely honoured to have Partha join our Board of
Directors. I am very pleased that Partha has agreed to work
with Company management and provide Colonial Coal with very sound
and expert advice as the Company considers its various business
development options going forward. We are very excited by
what the future holds for our company and its shareholders and
having Partha work with us now is a further testament to the value
of our various business interests.”
With Mr. Bhattacharyya’s appointment, the
Company also announces that Wayne Waters, a longstanding member of
the Company’s Board of Directors, has resigned for personal health
reasons. Mr. Austin stated: “We are
extremely proud of and sincerely appreciate the many good things
and advice that Wayne has brought to our Company over the many
years. We wish Wayne and his family the very best.”.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
About Colonial Coal International
Corp.
Colonial Coal is a publicly traded coal
corporation in British Columbia that focuses primarily on coking
coal projects. The northeast Coal Block of British Columbia,
within which our Corporation’s projects are located, hosts a number
of proven deposits and has been the subject of M&A activities
by Anglo-American and others. Additional information can be
found on the Company's website www.ccoal.ca or by viewing the
Company's filings at www.sedar.com.
Forward-Looking Information
Information set forth in this news release may
involve forward-looking statements. Forward-looking statements are
statements that relate to future, not past, events. In this
context, forward-looking statements often address a company's
expected future business and financial performance, and often
contain words such as "anticipate", "believe", "plan", "estimate",
"expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other
similar expressions. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: risks associated with marketing and sale of
securities; the need for additional financing; reliance on key
personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and except as
required by law, the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned
against attributing undue certainty to forward-looking
statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN
THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF
THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE
ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
For further information please contact:
Colonial Coal International Corp. Shane Austin 604.568.4962
saustin@ccoal.ca www.ccoal.ca
Colonial Coal (TSXV:CAD)
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Colonial Coal (TSXV:CAD)
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