TORONTO, March 2 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the "Company") (TSX-CCJ) announces that it has accepted the resignation Jan Castro as a director of the Company, effective as of February 27, 2010. The Company wishes to thank Mr. Castro for his service to the Company and wishes him all the best in his future endeavours. The Company is also pleased to announce that Mr. Greg Radke has been appointed as a new director of Coalcorp also effective as of February 27, 2010.
Mr. Radke has worked for more than 17 years in international finance and M&A, including extensive experience with both private and public companies in diverse capital markets such as New York, Toronto, London, Singapore, Hong Kong and Tokyo. Mr. Radke has participated in the formation and management of investment funds for institutional investors from around the world, as well as the restructuring and governance of companies owned by investment funds. He now works as General Counsel for Pala Investments AG, the Switzerland-based exclusive advisor to Pala Investments Holdings Limited, a multi-strategy investment fund with a focus on mining and natural resources that is Coalcorp's largest shareholder. Mr. Radke received his J.D. from Columbia University and his B.A., magna cum laude, from Harvard University.
Following the above resignation and appointment, Coalcorp's board of directors consists of Richard Lister (Chairman), Bruce Barraclough, Joseph Belan, Charles Entrekin and Greg Radke. Mr. Radke will also replace Mr. Castro on Coalcorp's Audit Committee, which is now composed of Bruce Barraclough (Chairman), Charles Entrekin and Greg Radke.
Coalcorp is currently a coal mining, exploration and development company with interests in the La Francia coal mine and related infrastructure projects and a number of coal exploration properties, all located in Colombia. Coalcorp also holds a 60% equity interest in Carbones Colombianos del Cerrejon which owns the La Caypa coal mine in Colombia. Further information can be obtained by visiting our website at www.coalcorp.ca or under the Company's profile at www.sedar.com.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.
SOURCE Coalcorp Mining Inc.
For further information: For further information: Juan Carlos Gomez, Interim Chief Executive Officer, +57-1-658-5050 Ext: 9990