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,
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
Greg Bittar VP, Investor Relations Australasia firstname.lastname@example.org P: +
61 409 611 744
Chris Borowski Investor Relations North America and Europe
email@example.com P: +1 403 973 5607
David Montpetit VP, External Affairs and Logistics firstname.lastname@example.org
P: +1 403 801 1344
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CO: Coalspur Mines Limited
ST: British Columbia
NI: MNG 2575 WNEWS
-0- Aug/23/2013 01:12 GMT
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