West Hawk Appoints Coal Mining and Coal Gasification Guru.VANCOUVER, British Columbia -- West Hawk Development Corp. (the "Company"), (TSX VENTURE:WHD)(FWB:H5N) is pleased to announce that Wm. Mark Hart, PhD. MBA has agreed to join the company's executive team as a Director and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Dr. Hart has a PhD. in mining Engineering & Environmental Mgt, Colorado School of Mines Colorado School of Mines, at Golden; state supported, coeducational; chartered 1874. It was one of the first mineral engineering schools in the United States. - 1997; MS, Mine Engineering, West Virginia University West Virginia University, mainly at Morgantown; coeducational; land-grant and state supported; est. and opened 1867 as an agricultural college, renamed 1868. -1994; MBA - Masters in Business Administration, University of Phoenix in Denver -1991; BS/BE/AS, Mechanical Engineering Technology, Mining Engineering Technology and Electrical Engineering Technology Electrical engineering technology (EET) is an engineering technology field related to electrical engineering. External Links
Dr. Hart's 30 year experience in the Mining and Energy Business includes: Cyprus Amax Minerals Corporation/STD. Oil Minerals - Officer and President/CEO of Cyprus Australia, Profit and Loss responsibilities, "P&L", for 9 coal mines and 2 ports. Senior VP of 18 coal mining operations in the US - P&L responsibilities and VP of Engineering for 33 mines producing coal, copper, iron ore, molybdenum, talc, lithium and gold; Newmont Mining Company - Officer and VP with P&L responsibilities for Canadian Mining Operations, VP of worldwide Business Processes for Indonesia, Mexico, US, Peru, Bolivia, Canada, and Uzbekistan; NRG Energy Inc. - Officer and President of Europe, Latin America and the Middle East - P&L responsibilities for 34 power plants, over 50 million tons per annum of coal production and 2 Trading Companies with offices in London, Amsterdam, Prague, Istanbul, Zurich, Lapaz, Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē` thĭ zhənĕē`r and Lima;Sarcoal Energy Inc. / Sardegna Energy S.p.A. - Officer, President 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. , P&L for coal mining and Integrated Gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas and Combined Cycle (IGCC IGCC Integrated Gasification Combined Cycle IGCC Indo-German Chamber of Commerce IGCC Institute on Global Conflict and Cooperation IGCC Incentive Gift Certificate Council IGCC Instituto de Gastroenterologia e Cirurgia de Campinas ) power plant, Italy; Consolidation Coal Company (Consol Energy), Dr Hart started his career at Consol and worked at over 20 underground and surface coal mining operations. Dr. Hart's credentials and experience in high volume underground longwall and open cut coal mining are the perfect fit for exploiting the flat lying stratigraphy of the anthracite coal seams that constitute the 980,000,000 ton speculative resource at the company's flagship Groundhog Coal Fields Project, 240 km north of Smithers Smithers is a surname, and may refer to: People People with the surname Smithers
Dr. Hart has also agreed to accept the position of Director, President and CEO of Northern Clean Fuels Inc. "NCFI NCFI North Carolina Foam Industries (Mount Airy, NC polyurethane foam manufacturer) NCFI Nurses Christian Fellowship International NCFI Non Canonical Format Indicator ", a federally incorporated wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of West Hawk Development Corp. Initially, NCFI will focus on clean coal technology applications within British Columbia, starting with the present opportunities at West Hawk's Australian Creek thermal coal project located 32 km's south of Quesnel, B.C. where the company has commissioned EBA Engineering to complete a National Instrument 43-101 compliant report of the compiled historic drill hole data. EBA will engineer an initial 20-hole drill program designed to advance current inferred resources to the measured and indicated category while determining sufficient coal resource tonnages to supply the proposed Integrated Gasification Combined Cycle (IGCC) power plant and the fuel to liquids plant envisioned by Northern Clean Fuels Inc. The proposed power plant has an expected $800,000,000 Cdn. capital cost with a targeted +22% Internal Rate of Return and is designed to produce approximately 8600 barrels/day of zero sulphur "green" diesel fuel, 1600 bpd naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. and 250 mega watts of green electric power per day for 30 years. Dr. Hart is considered an expert in Coal Mining and has considerable knowledge in Gasification Technologies having worked as a senior executive for NRG Energy, the second largest independent power producing company in the world at the time. He has since, overseen the feasibility study, mine plan, Front End Engineering and Design (FEED) for a 500 Mw IGCC Power Plant in Sardegna, Italy. Dr Hart has also been consulting on Clean Coal Technologies to some of the largest power utilities in the United States and Europe. Dr. Hart worked for American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. Fuel Supply at 22 coal mining operations for AEP coal fired power plants across the U.S. "I am very excited to be working with the management team at both West Hawk and Northern Clean Fuels, who have done an outstanding job of identifying and acquiring significant coal resources proximal to infrastructure during a time when coal is making a resurgence via Clean Coal Technologies and rapidly becoming an acceptable and sustainable fuel to power our future energy needs" states Dr. Hart. "Having an accomplished mining executive of Mark Hart's caliber join our company constitutes a watershed event defining the company's evolution from a mineral exploration to a mine development company. Mark holds world production records for long wall coal mining efficiencies and coal production per man-hour units. He also holds two mining patents. His contacts in the global mining and power industries will provide the leverage needed to advance West Hawk's ambitious plans" stated Michael Townsend West Hawk's President. In addition, Christopher R. Verrico, the Company's Executive Vice President, has agreed to take the position of Chief Executive Officer of West Hawk Development Corp. Michael D. Townsend will remain President and Chairman of the Board of Directors. The Company also announces that it has granted incentive stock options to its Directors and Officers for the purchase up to 650,000 common shares in the capital stock of the company, exercisable for a period of five years, at a price of $0.35 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. and an additional 400,000 options exercisable at a price of $0.55 per share for a period up to five years. About the Company - West Hawk is a mineral exploration and Development Company committed to building shareholder value through the development of its four Coal properties in Northern British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS "Michael Townsend" President and Chairman of the Board This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
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. HAS NOT YET REVIEWED AND DOES NOT TAKE RE SPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. West Hawk Development Corp. (TSX VENTURE:WHD) |
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