CANONSBURG, PA, Sept. 5, 2017 /CNW/ - Corsa Coal Corp. (TSXV:
CSO) ("Corsa" or the "Company") is pleased to announce the
appointment of Kenneth J. Lund as
its General Counsel and Vice President, Administration, effective
September 5, 2017.
Mr. Lund has over 25 years of experience in the mining and
metals industry, with an established track record of success in
managing international and domestic commercial transactions,
litigation, insurance and surety placement, corporate governance,
M&A, as well as management of safety, legal, and human
resources. Previously, he was General Counsel and Vice President,
Commercial of the Americas region of the DRA Group, a multinational
engineering project delivery and asset management group operating
across major global finance markets. Prior to the DRA Group, Mr.
Lund served as General Counsel and then President of Taggart
Global, LLC (prior to its acquisition by the DRA Group), and before
that was a partner with K&L Gates LLP, where he played a
leading role with the International Engineering and Construction
Practice Group.
George Dethlefsen, Corsa's Chief
Executive Officer commented, "We are thrilled to add Ken to our
team as we manage the company's rapid growth. He brings tremendous
talent, expertise, and coal industry knowledge to the team."
In connection with Mr. Lund's appointment, the Company's Board
of Directors has authorized a grant of stock options to Mr. Lund to
purchase a total of 70,000 common shares of the Company. The
options are to be (i) granted as of September 5, 2017, (ii) exercisable for five
years at a price of C$1.58 per common
share, being the closing price of Corsa's common shares on the TSX
Venture Exchange ("TSXV") on September 1,
2017, and (iii) subject to the terms and conditions of
Corsa's Second Amended and Restated Stock Option Plan and the
approval of the TSXV. Such options are to vest one-third on the
first anniversary of the date of grant, one-third on the second
anniversary of the date of grant and one-third on the third
anniversary of the date of grant.
Information about Corsa
Corsa is a coal mining company focused on the production and
sales of metallurgical coal, an essential ingredient in the
production of steel. Our core business is producing and selling
metallurgical coal to domestic and international steel producers in
the Atlantic and Pacific basin markets. Corsa also offers high heat
content, low delivered cost coal to major utilities and industrial
users in the Southeast region of the U.S.
The TSX Venture Exchange has in no way passed on the
merits of this news release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Corsa Coal Corp.
