Western GeoPower Corp.: Don J. A. Smith Appointed as Interim Chief Financial Officer
28 11월 2008 - 2:22AM
Marketwired Canada
Western GeoPower Corp. (TSX VENTURE:WGP) (FRANKFURT:WE6.F), a renewable energy
development company, today announced that Don J.A. Smith, C.A., MBA has assumed
the role of Chief Financial Officer and Corporate Secretary of Western GeoPower
Corp. on an interim basis. Rupi Khanuja will be on a temporary personal leave
from her position of Chief Financial Officer and Corporate Secretary, but will
be available to the company as and when required.
Mr. Smith brings significant and relevant experience in the geothermal and
mining sectors, including corporate finance, corporate governance and business
planning. His business career includes serving as Chief Financial Officer of
Nevada Geothermal Power Inc., Primary Metals Inc. and Oremex Resources Inc. Mr.
Smith has invaluable financial experience and knowledge and was instrumental in
planning and executing a $29 million refinancing realizing an annual savings of
$700,000 for a publicly listed company. Mr. Smith has provided consulting
services to a number of corporate boards on corporate governance structures and
related matters.
He is past President of the Simon Fraser University (SFU) Alumni Association, a
past Chair of the SFU Chancellor Nominating Committee and a past member of the
SFU University Senate. Mr. Smith currently is a Director and Chairs the Audit
Committee of Coast Wholesale Appliances Income Fund (TSX). Mr. Smith received an
MBA from SFU and is a Member of the Institute of Chartered Accountants of
British Columbia.
"Don's extensive corporate finance experience and business planning skills is a
welcome asset to Western GeoPower," said Kenneth MacLeod, President and CEO of
Western GeoPower. "His previous experience in the geothermal sector will allow
us to continue forward seamlessly until Rupi's return."
Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is developing The
Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field
in California, United States and is also developing the South Meager Geothermal
Project in British Columbia, Canada.
On behalf of Western GeoPower Corp.:
Kenneth MacLeod, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Statements in this release that are forward-looking are subject to various risks
and uncertainties concerning the specific factors identified above that reflect
the Company's expectations and projections about its future results. The Company
has tried whenever possible to identify these forward-looking statements which
include but are not limited to, words such as "anticipates," believes,"
"estimates," "expects," "plans," "intends," "potential," and similar
expressions. Although the Company believes 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. Investors are
cautioned that any such statements are not guarantees of future performance and
that actual results or developments may differ materially from those projected
in the forward-looking statements. The Company disclaims any obligation or
intention to update or to revise any forward-looking statement, whether as a
result of new information, future events or otherwise. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available.
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