News ReleaseForsys Metals appoints three advisory board members
2006-04-11 14:03 ET - News Release
Mr. Duane Parnham reports
FORSYS APPOINTS ADVISORY BOARD MEMBERS
Forsys Metals Corp. has appointed Dr. Hikmet Akin, a German uranium specialist, Mark Monaghan and Dan Hansen as strategic finance and business development specialists, to the company's advisory board.
With continued corporate progression and in particular with the continuing development of the Valencia uranium deposit, the goal of the advisory board is to support its corporate development with the appropriate expertise in the following categories: uranium production, corporate governance, capital markets and strategic finance.
Dr. Hikmet Akin, PhD, Eng, PGeo
Dr. Hikmet Akin has 34 years experience in mining development and project evaluation. In 1985, he became a professor at the Technical University of Berlin and in 1988 published a book on geostatistics and reserve estimations. Since 1978, he has held various managerial and staff positions with Uranerz in Germany, performing project evaluations and reserve estimations. During the 1990s, he operated the mining and exploration activities of Uranerz in the United States and Canada as president of the local subsidiaries. From 1995 to 1998, Dr. Hikmet was president and chief executive officer of the entire Uranerz Group, comprising operations in Germany, Canada, the United States and Central Asia. Since 1998, he has been engaged in the coal mining/energy sector, becoming project director, Australia, for Rheinbraun AG (Germany) in co-operation with Consol Energy (United States). He has also advised DEA regarding an oil and gas project in Kazakhstan. Since 2001, Dr. Hikmet has been consulting to various companies in the mining sector and presently serves on the boards of Aldrige Minerals and Rampart Ventures.
Mark Monaghan, BA, BComm
Currently vice-president of merchant bank, Quest Capital, Mr. Monaghan has over 13 years of investment banking and corporate development experience, with an extensive global network. He has served in corporate finance positions at Canadian investment firms, including TD Securities, Deacon Capital and Canada Trust Securities, with numerous transactions to his credit. Mr. Monaghan has also held posts as senior corporate development officer for Toronto Stock Exchange companies, and has expertise in developing governance, strategic and capital markets plans. Serving on executive management committees and boards of public companies, as well as a charitable organization, he has offered financial markets depth to each of these roles. Mr. Monaghan holds a bachelor of arts degree in economics from Queens University and an honours bachelor of commerce degree from the University of Windsor.
Dan Hansen, MBA
Mr. Hansen is a private fund manager with over 20 years experience of international finance and brokerage. Mr. Hansen over this period has provided strategic planning, corporate development, finance and marketing services to numerous private and public companies across a broad spectrum of industries. Mr. Hansen has established a solid reputation as a financier and contributor to emerging exploration companies worldwide and has most recently assisted in development of the Aurora Energy Resources IPO strategy with Fronteer Development Group and Altius Minerals.
The development of Mr. Hansen's large network of European and Scandinavian financial institutions will be an asset to Forsys as the company continues to build a strong European investor presence. Mr. Hansen holds an MBA from University of Aarhus Demark, speaking fluent English, German and Danish.
In connection with the appointments, the company has granted a total of 450,000 incentive stock options, subject to regulatory approval. Each stock option entitles the holder thereof to acquire one common share of the company at $2 per common share up to April 11, 2011.