NICOLAAS EDWARD "TED" BLOM
Mr. Nicolaas Edward "Ted" Blom (Citizen of the Republic of South Africa) has over 25 years of experience in mining and energy, with expertise in structured finance, commercial transactions and business development. He holds Bachelors of Commerce and Bachelors of Jurisprudence degrees from the University of Port Elizabeth (n/k/a Nelson Mandela Metropolitan University), a Masters of Business Administration degree from Witwatersrand University, Johannesburg, and Republic of South Africa and is a Chartered Secretary of the Institute of Chartered Secretaries and Administrators, London. Mr. Blom also completed the Harvard Business School Program for Management Development and a Diploma in Mineral Economics from Imperial College, London. R. Blom is a member of the Association of Mining Analysts in the United Kingdom.
His business experience includes recent service as a strategic advisor and global consultant to global hedge funds and private equity funds on investments in energy and mineral plays. His testimony at the relevant national regulator as an expert independent advisor in mining and energy resulted in numerous television, radio and press interviews. Mr. Blom is currently mandated to execute capital-raising, structuring and implementation of projects in Africa exceeding US$20 billion. Mr. Blom has consulted and explored projects and proposals involving most minerals found on the African Continent, including Gold, Nickel, Silver, Platinum, Manganese, Aluminum, Coal, Graphite, Diamonds, Titanium and Chromium. He has also been involved with assessments of industrial minerals.
Mr. Blom has identified more than 20 South African coal mining projects that require urgent execution via Independent Power Producers ("IPP's") to salvage the Southern African electricity grid, including initial feasibilities on Coal - Bed Methane (CBM) and Underground Coal Gasification (UCG) projects on a large scale to complement the current pilot project by Eskom (South Africa's major electric company). This has the potential to generate an additional 20GW of electricity within a 24-30 month horizon, provided legislators approve. As a strategic advisor to Eskom, Mr. Blom identified and highlighted significant opportunities for savings in capital expenditures in the billions of dollars. He has conducted numerous successful global transactions as a strategic advisor to a South African merchant bank, including Sasol Schumann Wax, capital raising for a new technology project in the commodities coal sector, and capital raising for mining and energy projects including Black Wattle Colliery.
He was a co-founder of Kwezi Mining Company, a junior coal mining company which has now become Rio Tinto's development arm for major transactions. Mr. Blom served on the Board of Directors of Kwezi Coal Ltd., as well as Kwezi Mining Ltd. Mr. Blom was also an independent advisor to Eurocoal, another junior coal miner. While at Eurocoal, Mr. Blom was instrumental in doubling pre-tax profits, with a resulting increase in market value of 300%. Previously, Mr. Blom conducted and participated in numerous global proposals, evaluations and exercises, including capital raising material and strategic communications to transform and propel General Mining Ltd into the world's largest listed mining house, BHPBilliton.
He also initiated, strategized and implemented a contractual cleanup which released millions of dollars to facilitate the turnaround of Tran-Natal Coal Corporation from loss making to a profitable division of General Mining Ltd.
Mr. Blom has been awarded numerous bursaries and awards for excellence that paved the way to continuing education, the most recent being an Eskom Award & Prize in 2008. He was appointed Judge for Africa Energy Awards 2010 and Chairman for African Mining Congress 2010. Mr. Blom has been invited to Judge the Africa Energy Awards in 2011 and to address a Global Iron Ore Mining Conference in London on hedging instruments to enhance returns in the sector.
EXECUTIVE CHAIRMAN
RONALD YADIN LOWENTHAL
Mr. Ronald Yadin Lowenthal (Citizen of the United Kingdom and Resident in the Republic of South Africa) is a specialist in Corporate Finance, in the structuring of IPO's and in fund raising for Mining Exploration Companies. From 1999, Mr. Lowenthal was a founding director of Incentive Holdings Ltd. and Incentive Securities Ltd; a South African based Financial Services Group. From 1982 to 1999, Mr. Lowenthal served as a financial consultant and as the compliance officer to family owned, Lowenthal & Co, a South African based Stock Broking, Corporate Finance and Fund Management company specializing in obtaining mining concessions for exploration, and obtaining and assisting a significant number of Mining and other companies with their obtaining quotations on the Johannesburg Stock Exchange. In 1971, Mr. Lowenthal earned a Masters of Business Administration degree from the Wharton Graduate Division, University of Pennsylvania, USA and in 1969 earned a Bachelor of Arts (Hons) degree in International Relations from the University of Sussex, England.
From 1972 to 1979, Mr. Lowenthal served as an International Merchant Banker with Scandinavian Bank in both London and in Singapore, Amex Bank in both London and in Hong Kong, Rothschild Intercontinental Bank in both London and in Hong Kong and with European and American Bank in New York. From 1979 to 1981, Mr. Lowenthal was involved in Diamond Mining and in Diamond Trading on an International basis. Mr. Lowenthal's experience in mining goes back to the early 1970's, when he was working in Sierra Leone, Guinea and Burkina Faso and obtained mining concessions in gold and diamonds in these countries. Mr. Lowenthal resumed his interest in West Africa in 2006, when he was requested by an international mining company to obtain a uranium concession. As a result of this activity, Mr. Lowenthal established an office in Dakar, Senegal and Nouakchott, Mauritania and has actively pursued concessions in Senegal, Mauritania and Guinea. These activities extend from gold to iron ore, chrome and uranium.
The Lowenthal family has been involved in mining activity in South Africa, Guinea, Senegal, Mauritania, over many years and, when Mr. Lowenthal returned from Asia to South Africa in 1982 when his family and others gained control of Johannesburg Mining Finance Limited, which became Consolidated Mining Corporation. This group specialized in gold and diamonds.
Mr. Lowenthal is presently an officer or director of Kansala Resources SA, Senegal, Sonko Lowenthal, Mauritanie SARL, ASPA Gold Corp, Sloane Investments, Inc., Chataprop Holdings 86 (Pty) Limited, IHL Nominees (Pty) Limited, Incentive Securities (Pty) Limited and North American Gold & Minerals Fund. He was previously an officer or director of Faso Mining SA, Consolidated Mining Corporation Limited, West Witwatersrand Gold Holding Limited, Carrig Diamonds Limited, Hanover Capital Group plc, GNCC Dutch Life Limited, Africa Resources Investments Limited, Catwalk Investments 398 (Pty) Limited, Hanover Research (Pty) Limited, Incentive Asset Management (Pty) Limited, Incentive Asset Traders, Incentive Corporate Finance (Pty) Limited, Incentive Holdings Limited, Rhizoid Timeline Formula Limited, Saga Lowenthal Commodities (Pty) Limited, Benoni Gold Holdings Limited, Bonte Koe Mynbou Onderneminings (Pty) Limited, Rex Mining Corporation Limited, Southern Fissures Limited, Wolfberg Mynbou (Pty) Limited, Carbon Leader Limited, Loxton Exploration (Pty) Limited, Dukes Court Shareblock Limited, Edgtech Holdings (Pty) Limited, Master Computer Bureau (Pty) Limited, Moorpark Shareblock Limited, Pick Distribution Company (Pty) Limited, Pick Square (Pty) Limited, Pick Technologies (Pty) Limited and Mesklip Prospecting (Pty) Limited.
It is the intention of the existing Board of Directors of the Company to:
Appoint three Independent Non-Executive Directors to the Board of Directors.
Appoint a Chief Financial Officer
Establish an Advisory Board of highly experienced mining and financial people of repute. They would not serve as Directors of the Company but would serve in an Advisory Capacity.
Appoint and employ two Geologists to work for the Company on a permanent and exclusive basis.
Establish an Audit Remuneration Committee
Establish a Remuneration and Compensation Committee
Establish a Corporate Governance Committee to ensure adherence to the Sarbanes-Oxley Act.
Advisory & Consultants
The Company has created an Advisory Committee to consult with the Company's Board of Directors and Senior Management. They do not have any fiduciary duties and are not members of the Company's Board of Directors.
The initial two members of this Advisory Committee are:
MR. BEN B. "BARRY" STEIN
Barry Stein has 43 years of securities industry experience. He was a member of the Chicago Board Options Exchange for over 15 years acting as a Floor Broker, Market Maker. Mr. Stein represented 165 member firms while acting as a floor broker. He was the President of the CBOE Independent Floor Brokers Association and was instrumental in introducing conversions and reversal arbitrage to the members of the exchange and to the proprietary trading departments of the major wall street brokerage firms which he represented on the CBOE floor. Mr. Stein was also a member of the Chicago Board Trade. Mr. Stein was Chairman of the Board of a Public Internet Company which assisted the Wall Street community in Intranet service to their many Branches throughout the world.
Mr. Stein was also a Partner of a NYSE Member firm providing Institutions Option Strategies for their hedging needs. He also presented to the Chicago Securities community a new system of rapid data which enhanced trading and updating of key indexes. This system was used by Broker Dealer's clearing and Floor members of the CBOE, Chicago Board of Trade Mercantile exchange and the Midwest Stock Exchange.
His experience covers option arbitrage, common stocks, commodities and other investment instruments.
Mr. Stein was Chairman of the Board and CEO of a FINRA Member firm with 5 Branch offices and a total of 300 Registered Representatives. This Broker/Dealer made markets in OTC stocks, Member of Underwriting Group, Private Placements, provided research and other investment products.
Mr. Stein has specialized primarily in emerging growth mining and resource stocks for the last 12 years.
Mr. Stein is a Graduate of Roosevelt University with a Bachelors of Business Administration in Accounting. He also attended John Marshall Law School and held FINRA Licenses 3, 4,7,8,24,27 and 63.
Mr. Stein spent several years teaching students to prepare for FINRA exams in series 4,6,7,24,27,63,65 and 66.
Mr. Stein also held a CPA and Life and Health Licenses. He is also a Multi-Engine, instrument rated Pilot and is a former member of the Thoroughbred Appraisers of America. Mr. Stein was also a Licensed Thoroughbred Appraiser in the State of Florida and represented Domestic and Foreign clients in this area. In addition he was an accomplished equestrian in the Hunter Jumper arena and actively participated in jumping horses over fences in the Midwest area. Mr. Stein has also been actively involved in the Thoroughbred Industry for 45 years in Breeding, Raising, Commercial Selling and Racing of his Thoroughbred blood stock. In 1989 he was the 4th leading breeder in the State of Illinois.
Mr. Stein served his country for 7 years in active and reserved duty in the United States Air Force. Mr. Stein is also an accomplished musician playing Eb Alto Saxophone in his early years on a weekly program for an ABC affiliate in Salt Lake City. He also accompanied my Rock& Roll stars during the late 50's.
Mr. Stein had the privilege of introducing Senator Bill Bradley of New Jersey to the Securities industry in the City of Chicago. He was also active in the campaign of the Senator in his quest for the Presidency of the United States.
MR. JACK REYBOLD
Jack Reybold is 71 Years Old and has spent 45 Years Arbitrage trading including Risk Merger Arbitrage, Convertible Securities Arbitrage, and extensive option equity arbitrage trading. In addition, extensive experience in distressed securities (junk bonds and preferred stocks) and many years of investing in small emerging growth stocks.
He has had 21 Years' experience at Major Stock Exchange firms beginning in Jan 1966 including Lazard Freres, Neuberger & Berman, Reich & Tang, Donaldson Lufkin, Faulkner Dawkins, and 3 years as Senior Vice President and Co-Manager and Manager of Shearson Loeb Rhoades Arbitrage Department. While at Shearson the Arbitrage department was 3rd most active option trading firm on the Chicago Board Options Exchange, and American Stock Exchange.
He has had 24 Years' experience engaged in Arbitrage, equity, distressed securities and emerging growth stock equity investing at private hedge funds and smaller member firms.
Jack has extensive experience in many areas of the Equity, Bond, and Commodities markets, utilizing both technical and fundamental tools, and closely follows market analysis, market views, and specific company analysis in such memberships as the Oxford Club (Chairman's Circle) and Stansberry & Associates both in Baltimore, Maryland. Jack spends a portion of each day alerting associates of current and changing market conditions and important levels reached or breached. Jack also follows closely the gold and silver markets especially support and resistance levels including the fundamental and technical cases for both.
Jack attended Colorado State University and graduated in B.S. Business and Finance. Jack served in the U.S. Army 1961 - 1964 and was primarily stationed in Wurzburg, Germany. His hobbies include Dry Fly Fishing, Photography and has a strong interest in Gold & Silver Coins.
I think these resumes speak for themselves. Those short are in trouble to be sure!
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