South Crofty Holdings Ltd. Renamed To North Pacific GeoPower Corp.; Trading Commences Under New Trading Symbol 'NPP'.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 5, 2001 New Directors Together With A New President & 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. Appointed New Trading Name The Board of Directors of North Pacific GeoPower Corp. (NPGP NPGP Non-Cooperative Power Control Game with Pricing ) (CDNX CDNX See Canadian Venture Exchange (CDNX). :NPP NPP Nuclear Power Plant NPP Net Primary Production NPP Net Primary Productivity NPP Notice of Privacy Practices (US HIPAA medical patient privacy) NPP National Priorities Project NPP New Patriotic Party (Ghana) .) is pleased to announce the commencement today of trading on the CDNX under its new trading symbol Trading symbol See: Ticker symbol , NPP. The Company, previously called South Crofty Holdings Ltd. (SFH SFH Single Family Home SFH Saint Francis Hospital (several in US) SFH Society for Family Health SfH Skills for Health (UK) SFH Slow Frequency Hopping SFH Symphysis-Fundal Height SFH Spectrum Flight Hour ), is the first publicly traded, renewable, geothermal energy company in Canada. Directors Appointed The Board of Directors of NPGP welcomes the appointments of Mr. John C. Copeland, Dr. Mory Ghomshei AND Mr. Kenneth MacLeod to the Board. Mr. MacLeod will also serve as the company's President & CEO. John Copeland was educated in Economics at the University of Manitoba Location The main Fort Garry campus is a complex on the Red River in south Winnipeg. It has an area of 2.74 square kilometres. More than 60 major buildings support the teaching and research programs of the university. . Through Mr. Copeland's efforts in the insurance industry, he has qualified for the "Top of the Million Dollar Round Table", a designation achieved by fewer than 250 individuals in the world. He has served on a number of corporate boards and has been involved in the raising of several hundred million dollars of corporate funding over the years. Dr. Mortezma (Mory) Ghomshei is a Research Coordinator and adjunct Professor at the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. , and is recognized as an expert in the field of geothermal energy. His doctoral and post-doctoral work at the University of Paris was on Geothermic. Dr. Ghomshei has worked on the Meager mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. Creek project since 1983, as well as on numerous other geothermal fields around the world, including the Coso field in California. In addition to consulting internationally on clean energy and the environment, Dr. Ghomshei has published more than 50 papers on geothermal energy resources and technology. Mr. MacLeod is a Vancouver-based businessman with over 20 years executive experience with public companies engaged in resource exploration and development. Having financed and managed mining and oil and gas projects in North America, Africa and Asia, Mr. MacLeod is experienced in formulating and coordinating the technical, financial and political relationships necessary to develop the North Pacific GeoPower project at Meager Creek. The completion of the corporate restructuring of North Pacific GeoPower Corp and the addition of the broad range of experience offered by Messrs. MacLeod, Copeland and Ghomshei, provides a strong foundation from which NPGP can continue to establish itself as Canada's first geothermal energy company for the commercial production of electricity. Geothermal energy is a cost effective, clean, environmentally-friendly, renewable alternative power source to generate electricity. Commercially viable geothermal resources for electrical power generation are found only in very few countries where underground water comes sufficiently close to hot molten rock to be superheated su·per·heat tr.v. su·per·heat·ed, su·per·heat·ing, su·per·heats 1. To heat excessively; overheat. 2. . The superheated water circulates in rock fractures, which have residual heat from extinct volcanoes. It is drawn to the surface via a series of wells, where it flashes to steam, which drives turbines and generates electrical power. The Meager Creek geothermal resource is held under the only geothermal lease issued in Canada for commercial production of electricity. It is located 170 kilometers north of Vancouver, BC, Canada, and has an estimated developable potential of 200 megawatts (MW) of electricity, considered enough power for a city of 500,000 people. Over a 25-year period, a geothermal project of 200MW would have an energy production equivalent of 100 million barrels of oil. The efforts of NPGP are devoted 100% to the development of the Meager Creek geothermal energy project. John M. Darch, Chairman |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion