Lignol Announces Senior Management Appointments

    VANCOUVER, July 17 /CNW/ - Lignol Energy Corporation (TSX-V: LEC)
("Lignol" or "the Company"), a leading technology company in the cellulosic
ethanol and biorefining sector, today announced that Jeff Charpentier, Vice
President, Finance and Corporate Secretary, has been appointed Chief Financial
Officer ("CFO") of the Company effective July 14, 2008. Mr. Charpentier will
continue to act as Corporate Secretary of the Company. The Company also
announced the appointment of Paul Hughes as Vice President, Corporate
Development effective July 16, 2008.
    "Jeff has made significant contributions to Lignol since joining us
earlier this year. His promotion to CFO reflects the leadership and expertise
he has demonstrated while here and his proven track record in his prior roles
as CFO," said Ross MacLachlan, President and Chief Executive Officer of
Lignol. "David Turner, our previous CFO, will now have additional capacity, in
his role as Executive Vice President, to focus on key strategic and commercial
initiatives in our Specialty Chemicals Business Unit."
    "Paul has extensive international business experience leading key
business development initiatives throughout Europe, North America and Asia,"
said Mr. MacLachlan. "With his strong business background and significant
experience with a number of energy technologies and fuels, Paul will be a
valuable addition to our team as we advance our commercial objectives."
    Lignol has granted options to acquire 100,000 common shares of the
Company to Mr. Charpentier, who is an insider of the Company. Lignol has also
granted options to acquire 200,000 common shares of the Company to certain
other non-insider employees, all pursuant to its Stock Option Plan. The stock
options were granted at an exercise price of $0.62 per share and are
exercisable for a period of five years.
    Mr. Charpentier has a Bachelor of Commerce from the University of British
Columbia and is a Chartered Accountant. Prior to his position as VP Finance
and Corporate Secretary at Lignol, Mr. Charpentier held a series of
progressively senior roles at several public companies in the technology and
pharmaceutical sectors, including CFO of Inex Pharmaceuticals Corporation and
CFO of Chromos Molecular Systems Inc. Mr. Charpentier is experienced with
public issuer reporting requirements in both Canada and the U.S. and has
extensive experience in high-growth technology sectors.
    Mr. Hughes holds a BSc (Honours) in Management and Administrative Studies
from Aston University, United Kingdom ("UK"), an Executive MBA from Ashridge,
UK and is a Chartered Accountant. Mr. Hughes career includes senior management
roles in both start-ups and established energy companies covering operations,
business development, acquisition and divestiture activities, venture capital,
corporate restructuring, corporate and project finance and strategic planning.
Before joining Lignol, Mr. Hughes was Interim CFO of Alderox ACA Inc. Prior
thereto, he was Chief Operating Officer of Dynamotive Energy Systems, a
biofuels company and was formerly Co-Founder and Chief Operating Officer of
Tersus Energy Inc., a public renewable energy company based in the UK.

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's
modified solvent based pre-treatment technology facilitates the rapid,
high-yield conversion of cellulose to ethanol and the production of
value-added biochemical co-products, including a High Purity Lignin
(HP-L(TM)). Lignol is executing on its development plan through strategic
partnerships to further develop and integrate the core technologies on a
commercial scale. Lignol also intends to invest in, or otherwise obtain,
equity interests in energy related projects that have synergies with its
biorefining technology. For more information about Lignol, please visit our
website at

    Caution concerning forward-looking statements:

    Certain statements contained in this document may constitute
"forward-looking statements". When used in this document, the words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect", "investigate", "looking at" as they relate to Lignol or
its management, are intended to identify forward-looking statements or
information. Such statements or information reflect Lignol's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Forward-looking statements and information are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by management, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Many factors could
cause Lignol's actual results, performance or achievements to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements or information,
including among other things, those risk factors which are discussed elsewhere
in documents that Lignol files from time to time with securities regulatory
authorities. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements or information
prove incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or expected. The
Company expressly disclaims any intention or obligation to update or revise
any forward looking statements and information whether as a result of new
information, future events or otherwise. All written and oral forward-looking
statements and information attributable to us or persons acting on our behalf
are expressly qualified in their entirety by the foregoing cautionary
    %SEDAR: 00004360E

For further information:

For further information: Lignol Energy Corporation, Ross MacLachlan,
Chief Executive Officer, Tel: (604) 222-9800 ext. 107, Email:;
The Equicom Group, Bruce Wigle, Investor Relations, Tel: (416) 815-0700 ext.

Organization Profile

Lignol Energy Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890