Sunday, April 17, 2011

Canadian CFOs on the Move - week ending April 15, 2011

Companies with CFOs on the Move this week include: Metalline Mining Company, Mediagrif Interactive Technologies Inc., Chalice Diamond Corp., Liberty Coal Energy Corp., General Donlee Canada Inc., Riata Resources Corp., Rocky Mountain Liquor Inc., Cue Resources Ltd., Scorpio Mining Corporation, Parkland Fuel Corporation


Metalline Mining Company (TSX: MMZ) announced the appointment of Sean Fallis as Chief Financial Officer, replacing Robert Devers. Mr. Fallis was hired in February 2011 as VP of Finance. Mr. Fallis was formerly the corporate controller of gold producer Rusoro Mining Ltd. Prior to Rusoro Mining Ltd. Mr. Fallis worked with Canadian and United States publically listed companies in the audit and assurance practice of PricewaterhouseCoopers.


Mediagrif Interactive Technologies Inc. (TSX: MDF) announced that Chief Financial Officer Suzanne Mercier will be leaving the Corporation to pursue other interests. Mrs. Mercier will complete the filing of the Corporation's 2011 Annual Financial Statements and will assist her successor in the transition of her role up to the date of her departure on June 14, 2011. 


Chalice Diamond Corp. (TSX-V: COD) announced that Larry Johnson has been appointed to the Company's Board of Directors and to the positions of Chief Financial Officer and Corporate Secretary. The Company also has received resignation of Alan Campbell as a Chief Financial Officer. Mr. Campbell will stay on board as a Director. Mr. Johnson has been employed as a Chief Financial Officer for several junior resource companies including Fronteer Gold which Newmont Mining is to acquire for about Cdn. $2.3 billion.


Liberty Coal Energy Corp. (OTCBB: LBTG) announced that Robert Malasek has been hired as the Company's CFO and has joined the board of directors. Mr. Malasek is a financial consultant and works with a number of public companies. Currently Mr. Malasek is a Director and CFO for Siga Resources Inc. and the Chief Financial Officer for Naturewell, Inc.


General Donlee Canada Inc. (TSX: GDI) announced that Gerald Thain will retire as Chief Financial Officer of the Company at the end of April 2011, following an 11-year career with the Company. Effective May 2, 2011, Garen Mikirditsian will become Chief Financial Officer of the Company. Mr. Mikirditsian's most recently served as Vice President at the Toronto offices of Geosam Investments Limited, a private investment firm. From 2006 to 2009, Mr. Mikirditsian spent three years in the Mergers & Acquisitions group of a major Canadian investment bank where he was involved in a wide range of public and private M&A advisory mandates.


Riata Resources Corp. (TSX-V: RTR) announced the appointment of Robert McMorran as the Chief Financial Officer and a Director of the Company. Mr. McMorran has held numerous board positions and senior officer appointments with various public companies.


Rocky Mountain Liquor Inc. (TSX-V: RUM) announced the promotion of Sarah Stelmack from controller to Chief Financial Officer ("CFO"), replacing the the current CFO, Tracey Bean. Sarah held a position as an accountant with Atco Gas before coming to Rocky Mountain Liquor as controller February 16, 2010.


Cue Resources Ltd. (TSX-V:CUE) announced that David McAdam has joined Cue Resources as chief financial officer. Mr. McAdam is an experienced CFO, with transformation and operational experience in the mining sector and internationally. Mr. McAdam has held various senior financial and operational positions ranging from CFO of start-up companies listed on the TSX Venture Exchange through to vice-president operations and finance director of a Fortune 150 company based in Houston, Tex. Mr. McAdam is replacing Jon Lever as CFO.


Scorpio Mining Corporation (TSX: SPM) announced the appointment of Hemdat Sawh as Chief Financial Officer (CFO) effective May 1, 2011. Since May 2007, Mr Sawh held the position of CFO for Crystallex International Corporation, a Canadian-based gold company with operations in Venezuela. From 2005 to 2007, he was the CFO for Goldbelt Resources Ltd., prior to which he worked with Grant Thornton LLP from1989 to 2005, involved in the audit of small to medium-sized businesses with a concentration in publicly-listed junior mining companies. Scorpio Mining's current CFO, Gilbert Comtois will continue to serve as CFO for Scorpio Gold Corporation ("Scorpio Gold") and will assist Mr. Sawh on an as needed basis.


Parkland Fuel Corporation (TSX: PKI) announced the resignation of Senior Vice President and CFO Ken Grondin effective July 1, 2011.The corporation has actively begun the process to recruit a new CFO.

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