VANCOUVER, BC / ACCESSWIRE / May 1, 2014 / Alabama Graphite Corp. ("Alabama Graphite" or the "Company") (CSE:ALP) (OTC:ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080), a graphite exploration and development company whose flagship project is located in Coosa County, Alabama, USA today announced that Ron S. Roda will be appointed Chief Executive Officer and Corporate Secretary of Alabama Graphite Corp and it's wholly owned subsidiary Alabama Graphite Company effective immediately. Mr. Roda joined the Company as President in August 22, 2013 and played an instrumental role in closing the Company's CAD$2.1 million round financing announced in January of 2014. He will also join the Company's board of directors.
"In Ron's tenure at Alabama Graphite, he has proven himself to be a tremendous asset to the Company," said Jean Depatie, Chairman of the Company's board of directors. "Ron's appointment to President and Chief Executive Officer reflects his impressive leadership, operational, corporate finance and strategy experience. The board looks forward to working with Ron as Alabama Graphite enters the next phase of development and growth.
Prior to joining Alabama Graphite Mr. Roda was Managing Director within the investment bank at Citigroup in New York. 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. He has also held finance roles at UBS and at Merrill Lynch. Ron brings over 20 years of experience in financial management, business analysis, due diligence, business combinations, reporting & control, fundraising and strategic operational improvements.
Mr. Danny Spine has been appointed the role of Vice President, Business Development of the Company and has resigned his position as Chief Executive Officer and a director of the Company. In his new role Mr. Spine will focus on developing strategic relationships critical to the future success of the Company. He will concentrate his efforts on cultivating relationships with state and local governments, regulatory bodies, strategic partners and graphite end-users.
"We thank Danny for his dedication and hard work since the inception of the Company and wish him continued success in his new role of Vice President, Business Development," said Jean Depatie, Chairman. "He will work with Ron to execute corporate strategy and ensure that the Company can easily transition from being an exploration company to a producer."
Adrian Robertson has resigned as Corporate Secretary.
About Alabama Graphite:
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama is located in an area with significant historical production of crystalline flake graphite. The Company published an inaugural mineral resource estimate in July 2013 and are continuing to define the footprint of the "The Coosa Graphite Project" and to start work on the 100% owned "Hearst Graphite Property" in Northern Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
ALABAMA GRAPHITE CORP.
Ron S. Roda, President & CEO
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE: Alabama Graphite
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