TORONTO, Jan. 9, 2012 /CNW/ - Morrison Park Advisors ("MPA") is pleased to announce that it is expanding its mining sector presence with the appointment of Stephen Altmann as Managing Director. Previously a CEO-level mining executive and investment banker, Steve will work with MPA's team of seasoned professionals in providing high quality strategic, corporate and financial advisory services to companies in the mining sector.
Prior to joining MPA, Steve was President and a Director of ECU Silver Mining Inc., which he joined in January 2007. During his tenure at ECU, Steve played a key role in all company strategic matters including equity and debt financings, asset acquisitions, joint venture negotiations, technical reports and exploration and production decisions. These efforts culminated in ECU's merger with Golden Minerals to form a leading junior silver mining company with a pro-forma market capitalization in excess of $600 million. Steve is also a member of the Board of Directors of AQM Copper Inc.
Prior to joining ECU, Steve worked as an investment banker providing financial and strategic advice to a large selection of domestic and international public companies at such firms as RBC Dominion Securities, Credit Suisse First Boston, Scotia Capital and most recently at Desjardins Securities as head of the mining team. Steve also worked as a geophysicist prior to his investment banking career and holds an MBA from McMaster University and an Honours Bachelor of Science (Geophysics) degree from the University of Western Ontario.
Steve will lead MPA's advisory activities in the mining sector, providing senior-level investment banking advice to Canadian and international issuers regarding mergers and acquisitions, joint ventures, financings and capital markets related matters.
"Canada's mining, exploration and development companies face numerous strategic challenges as they fund and build their resource base and increase value for their shareholders in today's environment. The combination of Steve's CEO-level experience, investment banking experience, and technical knowledge, together with MPA's core business of providing senior-level independent advice, will provide an advisory product not readily available elsewhere in the marketplace," added Bob Williams, Chairman of MPA.
MPA Morrison Park Advisors Inc. is an independent investment bank providing financial and strategic advisory services for clients requiring specialized investment banking expertise. At MPA we serve some of Canada's largest corporate and government clients and we also serve many private or earlier stage companies. We focus on assisting clients that are undergoing significant strategic events such as equity or debt capital raising, mergers, acquisitions, divestitures and restructurings. We have also been engaged to provide products or services in a number of special situations such as formal valuations, fairness opinions, negotiations, special committees of Boards of Directors, initial credit ratings, expert testimony, policy development and market analysis. MPA does not provide equity research, sales and trading, asset management or lending services. We believe this ensures the independence and objectivity of what we do. For more information please visit our website at www.morrisonpark.com.
For further information:
Brent Walker, Managing Director - ext. 223
David Santangeli, Managing Director - ext. 225
Bill Gula, Managing Director - ext. 228