- Ray Nadarajah and
Anthony Jackson appointed as
non-executive directors
- Duchintav Khojgor and Eric
Zurrin resign as non-executive directors
VANCOUVER, May 10, 2018 /CNW/ - Kincora Copper Ltd. (the
"Company", "Kincora") (TSXV:KCC) is pleased to announce that Mr.
Ray Nadarajah and Mr. Anthony Jackson have joined as a members of the
Board of Directors effective immediately. Ray is a seasoned
finance executive and investor with extensive experience in the
natural resources sector both in Mongolia and globally, and is a new
independent director to Kincora. Anthony has extensive experience
as a Director and CFO of numerous publicly traded corporations in
the metals and mining industry, and been CFO to Kincora since
September 2014.
Mr. Ray Nadarajah was most
recently a Managing Director of TPG Capital where he was
responsible for infrastructure investments across emerging
markets. Prior to this he worked at Rio Tinto where he held a
number of senior strategic and commercial roles, including Head of
the Office of the CEO, General Manager of Corporate Development,
Director of Business Development for China and Head of Business Development for Oyu
Tolgoi in Mongolia.
Ray began his career as an investment banker across Sydney, Hong
Kong and Beijing with Citi
and Goldman Sachs where he advised on M&A and capital market
transactions worth over $20 billion
across the natural resources, infrastructure, diversified
industrials and telecom sectors. Ray holds a double degree in
actuarial studies and finance from the Australian National University and has undertaken
executive education from the Harvard Business School. He has
worked in over 25 countries and is fluent in Mandarin Chinese and
Tok Pisin.
Mr. Anthony Jackson is a
Principal of BridgeMark Financial Corp. ("BridgeMark") and a
founder of Jackson & Company Chartered Accountants, a company
that assists private and public companies with their accounting,
tax requirements and corporate services. Anthony earned a Bachelor
of Business Administration degree from Simon
Fraser University, and holds the professional designation of
Chartered Accountant (CA), where he is a member of the BC and
Canadian Institute of Chartered Accountants.
Concurrent with the appointment of Mr. Ray Nadarajah and Mr. Anthony Jackson, Mr. Duchintav Khojgor and Mr.
Eric Zurrin have stepped down as
non-executive directors of the Company in order to devote more time
to other business commitments.
"Ray has a unique skill set, is well positioned to add value
to the team and we are very pleased to have attracted someone with
his calibre and experience, as we look forward to working more
closely with Anthony in his expanded role on the Board." said
Sam Spring, President and CEO.
"On behalf of the Board, I would like to thank Duchintav and
Eric, and wish them well with their busy existing business
interests. Duchintav has provided a significant contribution to
Kincora, as co-founder of the Company, seven years on the Board and
support as a successful local businessman, with Eric contributing
four years of service on the Board and as chair of the Remuneration
Committee".
The Company will grant to Mr. Ray
Nadarajah and Mr. Anthony
Jackson, in accordance with the Company's stock option plan,
options to purchase up to an aggregate of 125,000 common shares
each exercisable on or before May
10th, 2020 at a price of $0.20 per share.
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.
SOURCE Kincora Copper Limited