SouthGobi Energy Resources Names Senior Australian Banker Tony Pearson as Vice-President, Corporate Development
December 10 2009 - 3:15PM
Marketwired Canada
Alexander Molyneux, President and CEO of SouthGobi Energy Resources Ltd. (TSX
VENTURE:SGQ), is pleased to announce the appointment of Tony Pearson as the
company's new Vice-President, Corporate Development, effective February 8, 2010.
Mr. Pearson will relocate to Hong Kong and will be responsible for business and
corporate development initiatives.
Mr. Pearson currently holds a senior position with the Australian Securities &
Investments Commission. He previously held senior positions with Citigroup's
Metals and Mining Investment Banking team and Westpac Banking Corporation.
During his time with Citigroup, Mr. Pearson advised mining clients on capital
raisings, mergers, acquisitions and divestitures, with particular responsibility
for Asian and Australian mining companies. While at Westpac, Mr. Pearson was
integral to the establishment of the bank's infrastructure and funds management
business, focusing on financing and investment activities in the infrastructure
and transportation sectors.
"We are very pleased to have Tony join SouthGobi's team," said Mr. Molyneux.
"His extensive experience in the mining industry, together with his strong
background in infrastructure financing, make him a valuable addition to our
company as we expand our coal-mining operations."
About SouthGobi Energy Resources
SouthGobi Energy Resources is focused on exploration and development of its
Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi
Region. The company's flagship coal mine, Ovoot Tolgoi, is producing and selling
coal to customers in China. The company plans to supply a wide range of coal
products to markets in Asia.
Forward-Looking Statements: This document includes forward-looking statements.
Forward-looking statements include, but are not limited to, Plans to supply a
wide range of coal products to markets in Asia; and other statements that are
not historical facts. When used in this document, the words such as "could",
"plan", "estimate", "expect", "intend", "may", "potential", "should" and similar
expressions are forward-looking statements. Although SouthGobi Energy Resources
believes that the expectations reflected in these forward-looking statements are
reasonable, such statements involve risks and uncertainties and no assurance can
be given that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ from
these forward-looking statements are disclosed under the heading "Risk Factors"
in SouthGobi Energy's Management's Discussion and Analysis of Financial
Condition and Results of Operations for the year ended Dec. 31, 2008, and for
nine months ended September 30, 2009, all of which are available at
www.sedar.com.
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