MONTREAL, Nov. 28, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) ("Argex" or the "Company") announced today the appointment of Mr. Glen Kayll as its new Chief
Financial Officer. Mr. Kayll replaces Mr. Mark Billings, who will take
on the role of Senior Vice President of Corporate Development and
continue as a director of the company.
Mr. Kayll holds a Bachelor of Commerce degree from Carleton University,
an MBA from Simon Fraser University, and is a CPA. He has 20 years of
corporate finance experience, including as CFO and senior finance and
operating roles with Canadian and US public companies listed on both
the TSX and NASDAQ exchanges, one of which became an S&P500 component
Mr. Roy Bonnell, CEO of Argex, stated: "Mr. Kayll is a seasoned CFO and
comes with a 20-year track record of increasing shareholder value in
technology and manufacturing industries. Mr. Kayll brings significant
operating and capital markets experience in high-growth multinational
businesses and has strong relationships in the global financial and
investment communities. He has lead large teams during times of
significant transition, and has completed over $4 billion in financings
and other transactions during his career."
"Mr. Kayll's appointment marks an important step in the evolution of our
company," added Mr. Bonnell, "we are rapidly transitioning into a high
growth producer of titanium dioxide pigment. His experience and skill
set as a CFO of highly successful operating companies and in
structuring and closing on large financings is a huge value-added for
Argex and its shareholders at this point in our development. We will
continue to grow the depth and experience of our team as we move
rapidly towards production."
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of Titanium Dioxide (TiO2) pigment. With a primary goal of advancing rapidly towards production,
Argex has adopted a simple and low-risk strategy for the scale-up of
its proprietary process. Argex is pleased to have selected Valleyfield,
Quebec as the location for its Research & Development centre and first
industrial-sized production facility. The location of the site can be
viewed at Argex Valleyfield.
This news release contains statements that may constitute
"forward-looking information" or "forward-looking statements" within
the meaning of applicable Canadian securities legislation.
Forward-looking information and statements may include, among others,
statements regarding the future plans, costs, objectives or performance
of Argex, or the assumptions underlying any of the foregoing. In this
news release, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
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read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achieved. No assurance can be
given that any events anticipated by the forward-looking information
will transpire or occur, or if any of them do so, what benefits Argex
will derive. Forward-looking statements and information are based on
information available at the time and/or management's good-faith belief
with respect to future events and are subject to known or unknown
risks, uncertainties, assumptions and other unpredictable factors, many
of which are beyond Argex's control. These risks, uncertainties and
assumptions include, but are not limited to, those described under
"Risk Factors" in Argex's Annual Information Form for the fiscal year
ended December 31, 2012, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from
those projected in any forward-looking statements. Argex does not
intend, nor does Argex undertake any obligation, to update or revise
any forward-looking information or statements contained in this news
release to reflect subsequent information, events or circumstances or
otherwise, except if required by applicable laws.
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defined in the policies of the TSX) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE: Argex Titanium Inc.
For further information:
Roy Bonnell, President and Chief Executive Officer
Argex Titanium Inc.
514 843-5959 ext. 109
The Howard Group
Sun International Communications