China Diamond Corp. Appoints New Chief Financial Officer.LONDON -- Mr. Sam Halbouni, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of China Diamond Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) (the "Company") is pleased to announce the appointment of Mr. Ben Au as Chief Financial Officer of the Company, effective December 1, 2004. Mr. Au will be relocating to the head office in London, Ontario. Mr. Au brings 20+ years experience to the Company as a financial executive and audit practices specialists, he has served in the following managerial roles: - Controller; later promoted to Director of Internal Audit & Administration, Agnico-Eagle Mines Limited (1993-present). - Audit Manager, Ernst & Young (1988-1993). - Deputy Audit Manager, Arthur Young Arthur Young is the name of several notable people
His track record in business development and financial controls includes P&L management, M&A, treasury, audit, and regulatory compliance and reporting. Working with both the private and publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , he has been able to leverage his expertise to optimize profitability, conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. regarding acquisition candidates, and preparing and presenting recommendations to maximize organizational performance and raise shareholder value. A forward-thinking analyst who has played an active role in identifying and capitalizing on growth opportunities, Mr. Au has been instrumental in raising capital financing, having raised approximately $US400 million in capital over five years. Mr. Au is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ) from both the Ontario Institute of Chartered Accountant and the American Institute of Certified Public Accountant. He holds a Bachelor of Commerce The Bachelor of Commerce is a bachelor's degree in business management, accounting and economic fields. The degree is also known as the Bachelor of Commerce and Administration (BCA). from Concordia University in Montreal. Amongst his skills, he is fluent in Cantonese and Mandarin languages, which will be an asset to the Company in conducting business in China. "Mr. Au is a tremendous addition to China Diamond's team, his extensive experience in the mining industry as well as public company experiences, makes him the ideal candidate for the CFO See Chief Financial Officer. position." says Mr. Halbouni. "He brings a wealth of practical experience dealing with market regulators and exchange requirements for both the Canadian and American financial markets, his extensive experience in raising capital and financing as well as dealing with market analyst, is important as we move ahead with our market development strategies. He has wide ranging experience in developing and monitoring a strong internal controls and audit system, which will become more critical for the Company as we continue to develop our projects in China. Mr. Au has also proven himself as an investment strategist as well as dealing with tax strategies and reducing costs throughout organizations, positioning them for long-term stability, Mr. Au's Chinese background and experience will also allow him to work closely and directly with our Chinese partners." Mr. Halbouni also said " With, the recent appointment of Mr. Michaud as President and Mr. Au as Chief Financial Officers, we have developed a management team of experience mining professionals who we believe are capable of taking this Company to the next level. Mr. Au will take over the duties from William J. Little, who has resigned as Chief Financial Officer from the Company, effective December 1, 2004. "I would like to this opportunity to thank Mr. Little for his hard work and dedication for the past year. His contributions have helped build the strong foundation that will allow this Company to be successful in its future endeavors" says Sam Halbouni. "Mr. Little will continue to work for the Company as a consultant from time to time." ABOUT CHINA DIAMOND CORP. Headquartered in London, Ontario, China Diamond Corp. (www.chinadiamondcorp.com) is a junior resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China. The Company trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "CDC." THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS NEWS RELEASE. China Diamond Corporation (TSX VENTURE:CDC) |
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