Is this a serious play? It looks like a classic Van play to me.Come on guys kick it around abit.
Exall Recruits Industry Professionals To Manage Oltchim Acquisition Company, N.V.
09:37 GMT-04:00 Thursday, July 12, 2001
Exall Resources Limited is pleased to announce that it has successfully recruited key petrochemical professionals who will
form the senior management team of Oltchim Acquisition Company, N.V. ("OAC"). OAC is a wholly owned subsidiary of Exall
specifically being incorporated to effect the Oltchim SA acquisition which is now underway. The core management team will
be comprised of:
* Bernard A. (Bert) Lang - President & Chief Operating Officer
Mr. Lang is a chemical engineer with 40 years experience
most recently with Suncor where he was in charge of the $2.8
billion Millennium Project. This project, one of Canada's
recent mega projects, encompassed upgrading Suncor's entire
oil sands operation from initial extraction to refining.
Prior to his Canadian position with Suncor, Mr. Lang was in
charge of ICI (Holland) B.V.'s petrochemical and plastics
division based in Amsterdam.
* Harry Blair - Vice President, Strategic Development
Mr. Blair is a chemist and was formerly VP Business
Development of Shell Chemicals Canada. He is an experienced
executive with a proven track record of success in
petrochemicals, in the areas of manufacturing, planning and
marketing. Mr. Blair was in charge of the styrene monomer
and polypropylene businesses during his career with Shell
and headed chemical operations at their Montreal East
refinery.
* Doug Macdonald, P. Eng. - Project Manager, Oltchim
Modernization Projects
Mr. Macdonald's 35-year career spans almost every aspect of
the petroleum/petrochemical industry primarily involved with
project development, pioneering concepts and emerging
technologies. Presently, Mr. Macdonald is Manager, Studies
and Developmental Projects for SNC-Lavalin Inc. and will
form part of OAC's team subsequent to closing the
transaction. Mr. Macdonald has been involved with the
Oltchim project since May, 2000. Mr. Macdonald received his
B.A.Sc. in chemical engineering from the University of
Toronto and his M.Sc. in chemical engineering from the
University College of Swansea, Wales, U.K. He is an Athlone
Fellow.
Additional professionals responsible for financial and product marketing functions are currently being recruited to join the
team. Exall will also form an Advisory Board as part of OAC's structure that will include additional expertise from the
petrochemical sector.
Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL (S.E.C. registration
#82-3535). Exall recently signed a definitive agreement for the acquisition of a 53.258% controlling interest in Oltchim
SA, Romania's largest petrochemical company. Exall also operates the Glimmer Gold Mine in Matheson, Ontario as agent for
the Glimmer Mine Joint Venture and participates with a 52% interest in this mining project.
FOR FURTHER INFORMATION CONTACT:
Stephen G. Roman, Chairman, President and CEO (416) 368-3949
Seriously this puppy has my eyebrows raised.
all comments apreciated
ralfph |
