Yes I do know who is R. Kelertas...
Apr 23, 2012
ALLANA POTASH ANNOUNCES APPOINTMENT OF RICHARD KELERTAS AS SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT AND PROVIDES UPDATE ON FEASIBILITY STUDY
For Immediate Release: April 23, 2012
ALLANA POTASH ANNOUNCES APPOINTMENT OF RICHARD KELERTAS AS SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT AND PROVIDES UPDATE ON FEASIBILITY STUDY
Toronto, Ontario, April 23, 2012 -- Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) ("Allana" or the "Company"), is pleased to announce that effective May 1, 2012, Richard Kelertas will be appointed Senior Vice President, Corporate Development, of the Company.
Mr. Kelertas has been one of the most prominent investment analysts in Canada, ranked a "Top Gun" equity analyst by Brendan Woods International (BWI) for the past seven years and in 2010 one of only 14 analysts in Canada to be named a "Super Leaguer Analyst" by BWI. He was most recently a Vice President and Senior Financial Analyst at Dundee Capital Markets. Over the past 35 years, he has held various positions in corporate Canada, encompassing sales, marketing, corporate development, corporate banking and equity capital markets. For the past 25 years, he has been a top ranked equity analyst and has worked for various national and international firms. Mr. Kelertas graduated from the University of Toronto with two science degrees, including a Masters of Science degree.
Richard had been covering the junior potash sector for Dundee over the past several years and was also one of the first analysts on Bay Street to launch research coverage on Allana three years ago.
Farhad Abasov, President and CEO of Allana Potash commented, "We are delighted that Richard has joined Allana Potash. There are only a few people in the sector that know the Allana story and our project as well as Richard does. He has visited our project in Ethiopia and has a keen understanding of the tremendous importance of the Allana project for this part of Africa as well as the potash supply dynamics for all of Asia. As Allana is in the midst of preparing its bankable feasibility study and securing project financing, Richard's contribution to our potash project will be significant and timely."
Commenting on his appointment, Mr. Kelertas stated, "I have been an admirer of the management team of Allana Potash and their Dallol potash project for some time now. They are both world class assets which, I believe will provide significant returns to shareholders as well as to all stakeholders in the region. I am very excited to join this first-class global junior potash developer as it transitions to a low-cost producer."
In addition, the Company announces that a total of 300,000 stock options shall be granted to Mr. Kelertas on his appointment to the Company, in connection with the provisions of the Stock Option Plan of the Company. The options to be granted shall vest in eight equal installments over a period of two years subject to the regulatory hold period and the grant of options remains subject to the receipt of all required
