SouthGobi Energy Resources Appoints Jay Gow, Vice-President, Coal Marketing
2009年6月9日 - 11:13PM
Marketwired
Peter Meredith, Chief Executive Officer of SouthGobi Energy
Resources Ltd. (TSX VENTURE: SGQ), is pleased to announce the
appointment of Jay Gow as the company's new Vice-President, Coal
Marketing.
Mr. Gow has more than 25 years of experience in international
and domestic resource marketing and transportation and is currently
Vice-President, Marketing for Ivanhoe Mines Ltd. Mr. Gow has
extensive experience in negotiating large supply and transportation
contracts with international customers and has wide-ranging
resource industry and transportation contacts in Asia, Europe and
the Americas.
"Mr. Gow brings to SouthGobi proven expertise in global markets
that will help to expand and develop opportunities for the sale of
the company's thermal and metallurgical coking coal products," Mr.
Meredith said.
The company has granted Mr. Gow 50,000 incentive stock options
exercisable at a price of $11.46 per share. The options vest over a
period of three years, with initial vesting on the first
anniversary of the date of grant, and expire on June 5, 2014.
The options were granted in accordance with the company's
Employees' and Directors' Equity Incentive Plan.
Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) is SouthGobi
Energy Resources' largest shareholder, currently owning, directly
and indirectly, approximately 80% of the issued and outstanding
shares.
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 and its Eocene-age
metallurgical and thermal coal deposits in East Kalimantan,
Indonesia. The company's flagship coal mine, Ovoot Tolgoi, is
selling coal to customers in China. The company plans to supply a
wide range of coal products and electricity to markets in Asia. The
company also is investigating the implementation of clean-coal
technologies in the development of coal power-generating capacity
to benefit all of its stakeholders.
Forward-Looking Statements: This document includes
forward-looking statements. Forward-looking statements include, but
are not limited to, the company's future ability to supply coal
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 end Dec. 31, 2008, which is
available at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: SouthGobi Energy Resources Ltd. Steven Feldman
Investors +1 604 681-6799 SouthGobi Energy Resources Ltd. Bob
Williamson Media +1 604 681-6799 www.southgobi.com
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