Challenger Deep Resources Corp. Proposes Change of Business; Announces Management Team
Apr 29 15
Challenger Deep Resources Corp. on April 29, 2015 announced a proposed Change of Business which, subject to regulatory and shareholder approval, will see the company transition from a Resource Issuer to a Technology Issuer on the TSX Venture Exchange. Challenger’s new business will be the development and operation of an Enterprise-level, multi- platform online promotions management system. The system will use game-based applications designed to engage consumers in an entertaining and interactive fashion. The COB will be accomplished through: the execution of an innovative business concept and plan; the assembly of an experienced and qualified team of gaming and e-commerce technology and management professionals; and the acquisition of a library of games and related software. Upon completion of the COB the proposed management of the company will include: Darold H. Parken, CEO (and interim CFO): Darold is currently and has been the CFO since December 2011 and has been a director of Challenger since its inception. He practiced corporate securities law for over 20 years and has extensive experience in creating, funding and managing public companies. He is the founder and was CEO of Chartwell Technology Inc. from its inception in 1998 to its sale to Amaya Gaming Group in 2011. Darold will become the CEO of the company upon completion of the COB and will continue to act as CFO until a suitable replacement is found prior to completion of the COB. A further announcement will be made upon appointment of a CFO. Kevin Kraft, COO and Corporate Secretary: Kevin has over 13 years of experience in delivering custom e-commerce solutions across a multitude of industries. He has a track record of building effective teams, comprehensive business strategies, and optimizing operations. Kevin was a programmer and designer until April 2006 when he joined Chartwell Technology Inc. as Client Account/Project Manager. He later joined Optimal Payments PLC. serving in various positions from October 2007 until April 2013; including Director of Core Payments and Director of Card Issuing. In May 2013, Kevin joined Global Cash Access Inc. From November 2013 to November 2014 Kevin delivered a key payments technology component for Canadian Tire Inc.'s SportChek and Mark's brands. Clinton Begin, CTO: With over 15 years of experience in the technology space, Clinton is a published author, professional speaker, trainer and an open-source innovator. His past roles include, Platform Team Lead at Outpace Systems through 2014, Senior Software Developer at Riot Games through 2013, Vice President of Software Development at Amaya Gaming from 2008 to 2012, and Senior Developer and Agile Coach at ThoughtWorks from 2003 to 2007. Clinton brings to the Corporation experience in managing multiple development teams and simultaneous projects. Ranjeet Sundher, Capital Markets: Ranjeet is the current, and has been CEO of Challenger, since December 2009. Upon completion of the COB he will transition to the role of head of capital markets, responsible for all capitalization plans, investor relations and will also work with the team in the areas of marketing and business development. Ranjeet has over 20 years of capital markets experience and has founded, developed and funded several successful public companies. In addition to Messrs Parken and Sundher, the board of Challenger, upon completion of the COB, would include: Leo Kelly: Mr. Kelly is a Partner (through his professional corporation) of Kelly & Creaghan, Chartered Accountants, a Calgary, Alberta based accounting firm. Mr. Kelly serves a variety of clients in the financial services, construction and real estate industries. Mr. Kelly is a past president of the Alberta Institute of Chartered Accountants and has served on a variety of community and professional boards and committees. Mr. Kelly has served on the Tax Review Committee for the Province of Alberta and is currently a public representative on the Provincial Internal Audit Committee of the Province of Alberta. Terry Shaunessy: Mr. Shaunessy is the founder and principal of Shaunessy Investment Counsel Inc. He has been a senior institutional research manager and institutional investment manager for over 20 years. Prior to establishing Shaunessy Investment Counsel in 2000, Terry held senior positions with HSBC Asset Management, Gordon Capital, Gryphon Investment Counsel and Merrill Lynch. At Merrill Lynch, Terry was the Director of Research and a bank analyst. Paul McKenzie: Mr. McKenzie has over 20 years' experience working in international equities markets. His experiences include acquiring, selling, financing and developing multiple international mineral and energy projects in North America, South America and Asia. In his career he has acted as Director, Vice President and President of several resource companies. Mr. McKenzie also previously worked as a licensed equity trader at Brink Hudson Lefever in Vancouver, British Columbia. Garry Clark: Mr. Clark is the former Executive Director of the Ontario Prospectors Association (OPA). He brings to Challenger extensive experience in managing large scale exploration and development programs internationally, including Asia.
Challenger Deep Resources Corp., Annual General Meeting, Jun 24, 2015
Apr 24 15
Challenger Deep Resources Corp., Annual General Meeting, Jun 24, 2015. Location: Suite 100 - 750 11th Avenue SW.
Challenger Mulls Strategic Alternatives
Aug 27 14
The Board of Directors of Challenger Deep Resources Corp. (TSXV:CDE) (‘Challenger’) has initiated a process to review potential strategic alternatives. The focus of the review will be on non-resource opportunities with particular emphasis on the technology sector. Challenger cautions shareholders that there is no assurance that the strategic review will result in any specific strategic or financial transactions and no timetable has been set for completion. Challenger will keep shareholders updated on the strategic review process and any material developments.