VANCOUVER, BRITISH COLUMBIA - Alabama Graphite Corp. (the "Company" or "Alabama Graphite") (CNSX: ALP) (FRANKFURT: 1 AG) (WKN A1J35M) is pleased to announce the appointment of Ron S. Roda, former managing director at Citigroup, as President of the Company. Ron brings over 20 years of experience in building early stage enterprises, operations management, banking and financial markets to Alabama Graphite. Most recently he was managing director, head of North America product control for the investment bank at Citigroup. Ron has a BSc. in Biochemistry and an MBA, both from the University of Toronto. He is also a Canadian Chartered Professional Accountant.
Ron has been involved as a consultant to Alabama Graphite for the past several months and has been instrumental in securing the new Ontario Hearst Graphite Project near Zenyatta Ventures. Ron commented, "Having two graphite projects in the best mining jurisdictions in the world will hold the company in good stead as we proceed to the economics phase. The prospects of advancing these exploration projects to development are awesome given the recent closure of the only producing graphite mine in North America."
His responsibilities at Citigroup included managing the finance function for North America trading and capital market origination activities within the investment bank. He spent 10 years within the investment bank of Citigroup in roles of increasing responsibility. Ron has also held finance roles at UBS (Americas) and Merrill Lynch in New York. Ron began his career at Ernst & Young in Toronto where he was a manager in the Capital Markets and Treasury practice. Ron brings extensive experience in financial management, business analysis, due diligence, business combinations, reporting & control, fundraising and strategic operational improvements.
Ron commented, "Having spent the last several months with Danny and the management team at the Company, I see a significant opportunity in the Coosa Graphite project, to bring back domestic production of an increasingly important natural resource to the United States. The area being a past producer, in place critical infrastructure, hospitable climate, close proximity to customers/transportation and a business friendly permitting process differentiates the Coosa project from all others."
At Alabama Graphite, Ron will spearhead efforts around project finance, financial & operational management and investor relations. He will also works closely with Danny Spine, CEO and Director on defining the strategic direction of the Company.
CEO, Daniel Spine commented "over the past several months I have enjoyed working with Ron on the strategic plan for Alabama Graphite. We are now at a stage where we require more management depth and experience, especially with the acquisition of the Hearst Graphite project. I am overjoyed that Ron has accepted the Company's Presidency and I look forward to working together on the day to day duties of moving Alabama Graphite forward towards being THE source for supply to the domestic Graphite market in the USA."
About Alabama Graphite:
Alabama Graphite Corp., is a graphite exploration and development company whose primary project is the Coosa Graphite Project in Coosa County, Alabama. The Coosa Graphite project is 100% owned by Alabama Graphite and on private land. Last month, following less than one calendar year of exploration, the Company disclosed an initial mineral resource estimate for the Coosa Graphite Project prepared by Metals Mining Consultants. For further details go to www.alabamagraphite.co
ALABAMA GRAPHITE CORP.
Daniel Spine, CEO
Ron S. Roda, President
Danny Gravelle, Investor Relations
Forward looking information
This release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's business, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking information can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate" or "belief" or describes a "goal" or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
Leave a comment...