Sunday, January 16, 2011

Canadian CFOs on the Move - week ending January 14, 2011

Companies with CFOs on the Move this week include: Abacus Mining & Exploration Corporation, Mountainview Energy Ltd., Liquidation World Inc., Adira Energy Ltd., Petro-Reef Resources Ltd., Hart Stores Inc., AutoCanada Inc., Conway Resources Inc., Cogitore Resources Inc., Central Alberta Well Services Corp., TransAtlantic Petroleum Ltd., Argentex Mining Corporation, Integra Gold Corp.

Abacus Mining & Exploration Corporation (TSX-V: AME) announced the appointment of Ian M. MacNeily as Executive Vice President and Chief Financial Officer. Mr. MacNeily will be responsible for the financial operations and management of Abacus and the KGHM Ajax joint venture. He takes over from Paddy Nicol, who has been with Abacus since 1995 serving as a director from 1999 to 2009 and as its CFO since 2003.

Mountainview Energy Ltd. (TSX-V: MVW) announced the appointment of Angelique Hatch as the Company's Chief Financial Officer. Ms. Hatch has been the Accounting Consultant for Mountainview Energy Ltd for the past 5 years, working with the Company and the Company's Auditors, PricewaterhouseCoopers, LLP to formulate and timely fulfill the Company's financial filing obligations. Ms. Hatch also has a broad range of accounting experience through other sectors including construction, technology, corporate tax and owner managed companies.

Liquidation World Inc. (TSX: LQW) announced that David Becker has been appointed interim Chief Financial Officer of the Company. Mr. Becker will continue to serve on the Board of Directors; however, he will be relinquishing his role as Chair of the Company's Audit Committee. This changes the positions of both Mr. Becker as well as Chris Rath, the Company's current Chief Financial Officer. Mr. Rath will transition from this role into a contract consulting role with the Company effective immediately. Mr. Becker previously held the positions of Chief Financial Officer at both Middlebrook Pharmaceuticals Inc. and at Adams Respiratory Therapeutics Inc., both NASDAQ listed companies located in the United States.

Adira Energy Ltd. (TSX-V: ADL, OTCBB: ADENF, FRANKFURT: AORLB8) announced that Gadi Levin, the CFO of the Company's four Israeli operating subsidiaries, has been appointed Chief Financial Officer of the Company. The Company's current CFO, Mr. Alan Rootenberg, will continue to assist the Company on a consulting basis.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that John Pantazopoulos has resigned as Vice President, Finance and Chief Financial Officer to pursue other career opportunities. He will assist the Corporation in the transition to a new CFO and will remain as a Director of the Corporation.

Hart Stores Inc. (TSX: HIS) announced that Jacques Plante has resigned as the company's Vice President and Chief Financial Officer.

AutoCanada Inc. (TSX: ACQ) announced the appointments of Tom Orysiuk as President and Jeff Christie as Vice-President Finance. Mr. Orysiuk was previously the Executive Vice-President and Chief Financial Officer at AutoCanada and has been with the Company since November of 2005 and prior thereto held a number of senior executive roles. Mr. Christie was previously the Manager, Financial Reporting at AutoCanada and has been with the Company since August of 2008.

Conway Resources Inc. (TSX-V: CWY) announced the appointment of Francois Kalos as Chief Financial Officer of the Company. Mr. Kalos is presently a member of the Board of Directors of Conway. He is presently President and Founder of SOLAK Communications, a financial communication and investor relations firm. During his career, he has worked for communication firms, mining exploration companies and the Montreal Stock Exchange.

Cogitore Resources Inc. (TSX V: WOO) announced that Carmelo Marrelli has been appointed as Chief Financial Officer of the Company. Orest Zajcew has resigned as Chief Financial Officer to focus on other activities. Mr. Marrelli is currently President of Marrelli Support Services, a bookkeeping firm based in Toronto, Ontario.

Central Alberta Well Services Corp. (TSX-V: CWC) announced the appointment Kevin Howell as Chief Financial Officer. Prior to his appointment with CWC, Mr. Howell served as Chief Financial Officer over the last 5 years for Brews Supply Ltd. and IROC Energy Services Corp. Previously, Mr. Howell was the Financial Reporting Manager for Wellco Energy Services Trust and Corporate Controller for Jager Building Systems Inc. Mr. Howell also spent over 5 years with KPMG.

TransAtlantic Petroleum Ltd. (TSX: TNP, AMEX: TAT) announced that Hilda D. Kouvelis will resign from her position as Vice President and Chief Financial Officer of the Company for personal reasons and in pursuit of other interests. Ms. Kouvelis' resignation will be effective immediately after the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2010. Ms Kouvelis will continue to serve the Company during an unspecified transition period thereafter.

Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) announced the appointment of Jeff Finkelstein as Chief Financial Officer and Treasurer, replacing Valerie Helsing. His background includes senior management positions with junior and senior listed companies, including Silver Standard Resources and Sierra Geothermal Power.

Integra Gold Corp. (TSX-V: ICG) appointed Norman J.R. MacKinnon as CFO. From 1972 to present, Mr. MacKinnon served as a director, primarily in a financial advisory or audit committee role, on the boards of numerous VSE, TSE, TSX Venture and NASDAQ public corporations. He was senior partner in the accounting firm MacKinnon, Sapera, Lewis & McDonald from 1972 to 1984, which specialized in taxation matters and general accounting. Between 1982 and 1984, he served as CFO of Century II Productions Inc., the first Canadian syndicated variety program to be syndicated in the US and successful in television tax shelters. In 1984 he became the sole practitioner of the Chartered Accounting firm, NJR MacKinnon, specializing in tax planning, CFO positions and controllership of emerging public companies.

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