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Rights Issue and Shortfall
Thelon Welcomes George W. Heard as CEO and to the Board and Expands Financing
Thelon Capital Ltd. (CVE:THC) reports that George W. Heard has joined the Board of Directors and will act as the Chief Executive Officer of the Company.
The press release is quoted as saying:
Mr. Heard, BSc, MBA, P Eng, has over 35 years in the mining industry where he has been involved in all aspects of mine exploration, feasibility, development & operation. As mine manager, Mr. Heard participated in the successful development of a $600 million coal mine joint venture between RTZ and BP. Mr. Heard also worked for BHP in various positions involving the development & operation of three large tonnage surface coal mines in the USA.
Thelon’s President and CEO, Jason Walsh says:
“We welcome Mr. Heard to the Board, and his appointment as Chief Executive Officer. George is a tremendous addition to the Thelon team and we are confident his extensive experience and list of accomplishments will greatly aid the Company in its goal of becoming a million plus tonne per year coal producer. We look forward to working with him.”
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