Thelon Welcomes William A. Cousins as COO and to the Board of Directors
March 21 2011 - 8:30AM
Marketwired
Thelon Capital Ltd. (TSX VENTURE: THC)(FRANKFURT: TFHC) is pleased
to announce that William A. Cousins has joined the board of
Directors and will act as the Chief Operating Officer (COO) of the
company.
Mr. Cousins, who is Managing Director of Clear Fork Mining,
brings the company over 30 years proven management experience, and
local knowledge in all stages of mine planning, permitting,
leasing, and day-to-day mine operations in the Appalachian coal
industry.
"We welcome Tony to the board, and his appointment as chief
operating officer. Tony has been an integral part of Thelon's
development to date and we are privileged to have the opportunity
to continue to work with him as we grow the company's operating and
coal reserves in the Appalachian coal basin," says Thelon's
President, Jason Walsh.
The company would also like to announce that it has amended the
purchase agreement with Clear Fork mining announced Dec 20, 2010.
Mr. Cousins has agreed to take $1.5 million of the Private
Placement announced Jan 29, 2011 and has granted Thelon a 120 day
extension on the balance of $1.5 million in cash. All other terms
remain the same. This transaction results in Mr. Cousins owning 17%
of Thelon Capital Ltd.
The company would also like to report it has met its first
obligation of the acquisition announced Feb 24, 2011
THELON CAPITAL LTD.
On behalf of the Board of Directors
Jason Walsh, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News
Release.
Contacts: Thelon Capital Ltd. Jason Walsh President (604)
682-1643 (604) 682-1666 (FAX) www.theloncapital.com
Thelon Capital Ltd. (TSXV:THC)
Historical Stock Chart
From May 2024 to Jun 2024
Thelon Capital Ltd. (TSXV:THC)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Thelon Capital Ltd. (TSX Venture Exchange): 0 recent articles
More Thelon Capital Ltd. News Articles