GrowMax Resources (TSXV:GRO) has announced the appointment of a new CFO.
As quoted in the press release:
Mr. Lloyd Wiggins has been appointed Chief Financial Officer of the Company, effective April 1, 2017. Mr. Wiggins is a Chartered Accountant, Chartered Director and an experienced finance executive with more than 35 years of professional experience. Most recently, Lloyd was the Chief Financial Officer (“CFO”) of Petrowest Corporation, a publicly listed, multifaceted energy services company with revenues exceeding $200 million. Prior to that, Mr. Wiggins served as CFO and other senior financial and accounting positions with multiple public and private entities including Movie Distribution Income Fund, TGS North American Real Estate Investment Trust, and the Hees /Edper Group of Companies. Mr. Wiggins received his Bachelor of Commerce degree with an Accounting Major from the University of Saskatchewan, is a Chartered Accountant with the Chartered Professional Accountants of Alberta and obtained his Chartered Director designation from the Directors College (a joint venture between McMaster University and The Conference Board of Canada).
Grant of options
The Company also announces that the board of directors has granted 200,000 options to Mr. Wiggins in conjunction with his appointment as CFO. Each stock option represents the right to purchase one common share of the Company at an exercise price of $0.20 per common share. The stock options vest over a two-year period and expire on April 1, 2022.
Stephen Keith, President of GrowMax commented, “Mr. Wiggins’ considerable experience in entities with international operations has provided him with the skills necessary to effectively manage multi-jurisdictional and cross-cultural finance teams, to implement effective and efficient corporate and tax structures, to ensure effective communication with senior management and the Board of Directors and to complete a number of debt and equity financings. As GrowMax focuses on developing its potash and phosphate projects in Peru, Lloyd will bring his considerable experience and energy to our team to help the Company achieve future success. Over the next few years, GrowMax is planning on developing its brine and fertilizers project in Peru as well as ramping up its large phosphate resource to transform GrowMax from explorer to producer and cash flow generator. Lloyd will be a significant contributor to this effort. We are very happy to welcome Lloyd to our team and that we were able to attract an individual of his caliber to our management team.”
Mr. Douglas Yee, current CFO of GrowMax, will be continuing with GrowMax until September, 2017 as an Independent Consultant and Financial Advisor to the Company, and to assist in a smooth transition and transfer of information with the new CFO.