SouthGobi Energy Resources Names Senior Australian Banker Tony Pearson as Vice-President, Corporate Development
December 10 2009 - 4:15PM
Marketwired
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.
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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