VANCOUVER, Aug. 22, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce the appointment of Mr. Robert ("Rob") Gough as
Chief Financial Officer with effect from October 1, 2013.
Mr. Gough, MBA, B.Com, CPA, previously worked at BHP Billiton for a
cumulative 16 years that included a number of senior executive roles.
Most recently Mr. Gough was Vice President Finance (CFO) for BHP
Billiton's Energy Coal division based in Sydney, Australia. In this
role he was responsible for the division's statutory and management
accounting, Information Management and governance of capital
investment, risk processes and compliance.
Mr. Gough's prior roles at BHP Billiton include VP Finance (CFO) in the
Minerals Exploration division and VP Business Development in both the
Energy Coal and Diamonds and Specialty Products divisions. During this
time Mr. Gough worked in the United Kingdom, Australia and Canada and
was involved with a number of successful market acquisitions across the
various jurisdictions as well as numerous commercial transactions and
other transaction opportunities.
Coalspur's President and CEO, Gill Winckler commented "Rob brings to
Coalspur a diverse financial acumen across multiple industry segments,
including the thermal coal sector, and significant expertise in public
company corporate finance as well as corporate development. Rob's
experience will serve us extremely well as we move towards construction
on Vista. We are very pleased to have Rob join Coalspur, and his
appointment now completes the building of the executive management team
of the Company."
Coalspur is a thermal coal development company with approximately 55,000
hectares of coal leases located within the Hinton region of Alberta,
Canada. Coalspur's flagship project is the Vista project, which covers
approximately 10,000 hectares and provides for the development of a
large scale, surface mineable, thermal coal operation.
No regulatory authority has approved or disapproved of the information
contained in this release.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking information concerning Coalspur.
All statements in this release, other than statements of historical
facts, that address events or developments that the Company expects to
occur, are statements of forward-looking information. Although the
Company believes that such forward-looking information is based on
reasonable assumptions, such information is not a guarantee of future
performance and actual results or developments may differ materially
from the forward-looking information. Factors that could cause actual
results to differ materially from the forward-looking information,
include but are not limited to: risks associated with funding
requirements for Vista development; fluctuations in coal prices;
uncertainties related to the availability of future financing; risks
related to Coalspur's existing credit facility, risks associated with
take or pay commitments with Ridley Terminals, risks associated with
the need for governmental licences, permits and approvals,
uncertainties related to aboriginal rights claims and multiple mineral
development, and uncertainties related to general economic, market and
business conditions. For more information on Coalspur, investors
should review Coalspur's continuous disclosure filings that are
available at www.sedar.com and www.asx.com.au.
SOURCE: Coalspur Mines Limited
For further information:
VP, Investor Relations
P: + 61 409 611 744
North America and Europe
P: +1 403 973 5607
VP, External Affairs and Logistics
P: +1 403 801 1344