TORONTO, Jan. 15, 2014 /CNW/ - Cline Mining Corporation ("Cline" or the "Company") announced today that Matthew Goldfarb has been appointed Chief Restructuring Officer and Acting Chief Executive Officer. Mr. Goldfarb has also been appointed a director of the Company. Cline has accepted Mark Haywood's resignation announced on November 26, 2013 effective as of January 13, 2014.
From May 2012 until November 2013 Mr. Goldfarb served as Chief Executive Officer of Xinergy Ltd. (TSX:XRG), a Central Appalachian coal producer, having previously served as its Vice Chairman and lead independent director. Since 2000, Mr. Goldfarb has also acted in various roles including serving as a senior investment professional at The Blackstone Group/GSO Capital Partners, Pirate Capital LLC and Icahn Associates Corp.
Cline is a Canadian mining company focused on the maintenance and development of its 100% owned New Elk coking coal mine located in Colorado, U.S.A. The Company also has interests in metallurgical steel making coals in Canada, an iron ore project in Madagascar, and the Cline Lake gold property in northern Ontario, Canada. Cline's head office is in Toronto and it has a site office at the mine in Colorado.
SOURCE: Cline Mining Corporation
For further information: Matt Goldfarb, Chief Restructuring Officer & Acting Chief Executive Officer, Corporate office, 161 Bay Street, 27th Floor, Toronto, ON M5J 2S1, Telephone +1 (416) 572-2200, Email [email protected]; Paul Haber, Chief Financial Officer & Corporate Secretary, Corporate office, 161 Bay Street, 27th Floor, Toronto, ON M5J 2S1, Telephone, +1 (416) 572-2200, Email [email protected], Web www.clinemining.com