Prophecy Appoints Key Management Personnel
02 3월 2011 - 11:00PM
Marketwired
Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:
PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to announce that it
has made the following senior appointments:
Paul F. Venter: VP Energy Operations. Ulaan Baatar and
London
Mr. Venter oversees Mongolia mining and power operations for the
Company.
Mr. Venter has been a Prophecy director since August 2010. He is
an industry recognized and seasoned professional with over 30 years
of experience with BHP and Eskom in the mining, power generating,
and transport industry. In 2006 he extended his focus to expand the
business of a major strategic player in the coal and power
generating industry in Russia, China and Mongolia. Mr. Venter
contributed significantly towards the commissioning of Prophecy's
Ulaan Ovoo mine in November and is now focusing on power generating
opportunities in addition to Ulaan Ovoo operations. Mr. Venter
holds a MDP (Mining) and various commercial qualifications. He was
accepted as a member of the IRT (SA) in 1983.
Christiaan H.B. (Ronnie) Van Eeden: VP Mining Operations. Ulaan
Baatar
Mr. Van Eeden is in charge of Mongolia mining operations and
coal to liquids technology.
Mr. Van Eeden has 34 years of experience in coal mining and
related industries including holding senior management positions
pertaining to the engineering, mining and commercial functions of
coal mines. His experience also includes the management of the
mining and supply of 90-100 million tons of coal per annum, through
various coal supply agreements, to Eskom the South African power
utility. He is a former director of a Canadian mining company that
developed a feasibility study for the establishment of a 2400 MW
power plant with its associated coal mine in Botswana in Southern
Africa. Also prior to joining Prophecy he was contracted by a large
South African coal to liquids company to undertake mining and
commercial evaluations for the feasibility studies of three large
coal operations in China including negotiating coal supply
agreements, as well as the analysis and evaluation of the business
plans of five large coal mines in South Africa.
Ronnie has a BSC Eng degree as well as a B Proc law degree. He
also holds certificates of competence in mining and engineering, a
legal requirement for managing coal mines in South Africa.
Enkbaatar Ochirbal: VP Mongolia Country Manager. Ulaan
Baatar
Mr. Ochirbal liaises with government on statutory and regulatory
framework for both mining and energy operations.
Mr. Ochirbal is a Mongolian national, who prior to joining Red
Hill Energy Inc. (now Prophecy Resource Corp.) in 2005 was a Senior
Manager with MineInfo LLC, one of Mongolia's leading minerals and
consulting companies. Prior to entering the mining sector, he spent
over 16 years in various managerial positions in Mongolia's
financial and banking sectors. He is a former Department Head for
the Mongolian Stock Exchange and Securities Commission, and former
President of MS Invest LLC - the first Investment Fund in Mongolia
in addition to being the former CEO of the Capitron bank. Mr.
Ochirbal holds a Commerce degree from the Mining & Economics
Institute, Ukraine, an MBA from the Mongol Business University,
Mongolia in addition to studying at the University of Hull, UK and
Boston University. He is fluent in Mongolian, Russian, English and
Czech languages.
Irina Plavutska, CGA: Interim CFO. Vancouver and Ulaan
Baatar
Ms. Plavutska is a professional accountant with over 20 years of
diverse international experiences in financial reporting, auditing,
and accounting. She is a member of Certified General Accountants
Association of British Columbia. Ms. Plavutska earned a Masters
Degree in Economics from the University of Business and Economics
in Ukraine, and has held senior accounting positions, such as
corporate controller, at numerous Canadian international and
professional service companies for the past several years. She is
fluent in Russian and English. Mr. Derek Liu has resigned as
Prophecy CFO to pursue other opportunities.
Joseph W. Li, CGA: General Manager and Corporate Secretary.
Vancouver
Mr. Li is a Certified General Accountant (B.C) andhas an Honours
Bachelor of Commerce (Laurentian University). For the past 13
years, he was a senior auditor with the B.C. Ministry of Finance, a
position which allowed him to gain valuable insights in how diverse
businesses of all sizes are operated. Mr. Li strengthens Prophecy's
corporate governance. Mr. Li has been granted 100,000 options at
$1.07 per share with a 2 year vesting schedule for a period of five
years, subject to regulatory approval.
Mr. John Lee, CFA, Chairman of Prophecy comments: "Prophecy is
now endowed not only with world class assets but world class
management. I expect additional management announcement in the near
term."
About Prophecy Resource
Prophecy Resource Corporation is an internationally diversified
company engaged in developing energy, nickel and platinum group
metals projects. The company controls over 1.4 billion tons of
open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt
Indicated). Prophecy's Ulaan Ovoo coal mine is fully commissioned.
In Canada Prophecy owns Wellgreen PGM Project in Yukon, Lynn Lake
Nickel Sulphide Project in Manitoba, and a 10% equity stake in
Victory Nickel. On February 17, Prophecy Agreed to sell its PGM
Nickel assets to Pacific Coast Nickel Corp. for 450 million Pacific
Nickel shares. Mineral resources that are not mineral reserves do
not have demonstrated economic viability.
ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Resource
Corp.
John Lee, Chairman
Forward Looking Statements: This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, including, without limitation, statements regarding future
plans and objectives of the companies are forward-looking
statements that involve various risks and uncertainties. Although
Northern and Prophecy believe the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Forward-looking statements are based on
a number of material factors and assumptions. Factors that could
cause actual results to differ materially from those in
forward-looking statements include general economic, market or
business conditions, and other risks detailed herein and from time
to time in the filings made by the companies with securities
regulators. Mineral exploration and development of mines is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on Northern and Prophecy and the risks and
challenges of their businesses, investors should review their
annual filings that are available at www.sedar.com.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended ("the U.S.
Securities Act") or any state securities law and may not be offered
or sold in the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
"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 release."
Contacts: Prophecy Resource Corp. Scott Parsons +1.604.642.2625
ext. 106 Prophecy Resource Corp. Paul McKenzie +1.604.642.2625 ext.
107 Prophecy Resource Corp. John Lee Chairman +1.800.851.1528
john@prophecyresource.com www.prophecyresource.com
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