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Jatenergy Appoints Ian Gebbie As New Director

Jatenergy (ASX: JAT) has appointed Ian Gebbie, who has a background in equity capital markets along with mergers and acquisitions, as a director of the company.

Gebbie is a director of Wentworth Global Capital Finance and has nearly 15 years of corporate advisory and accounting experience in both Australia and the UK.

He has been involved in a number of initial public offerings and subsequent fundraising activities with a core focus on junior mining and exploration companies

This includes his recent assistance to Tellus Resources in the implementation of their acquisition strategy.

Gebbie is also a director of private gold explorer Force Resources, which recently acquired a large exploration asset in Indonesia.

He is expected to brings a ready understanding of the operation of a public company and its requirements not only at a regulatory level, but more importantly at adding enterprise growth, to Jatenergy.

Executive chairman Tony Crimmins said Jebbie's long experience in ASX energy and resources companies would be invaluable to the operations of the company.

The company had earlier this week finalised a profit sharing agreement struck with Chapmans Limited (ASX:CHP) for the Jongkang project in Indoneisa.

It has received $200,000 from Chapmans, enabling the project to be transitioned into a higher production mine facility with a monthly production target of 20,000 tonnes per month.

Profits from coal shipments will be shared equally between the two companies.

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