Entering text into the input field will update the search result below

Charter Pacific Corporation Adds Team To Advise On Commercialisation Of Mauritanian Investments

Jul. 23, 2013 9:50 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Short Only

Seeking Alpha Analyst Since 2009

Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily. We are one of the fastest growing financial media portals in the world. The group also operates hugely successful “investor forums” where three or four companies present to an audience of high net sophisticated investors, fund managers, hedge funds, private client brokers and analysts. Ian Mclelland founded Proactiveinvestors in 2006 as a way to channel his own views on companies small and mid-cap public companies. What started as a hobby quickly turned into a full time job as the website's readership exploded. One2One forums were added later in 2006, and within two years the company had expanded its operations into Canada and Australia. In 2009 the company expanded into Germany and finally into the US in 2010. Proactiveinvestors is now one of the fastest growing global financial media organizations in the world receiving more than one million visitors per month, with investor forums held across the globe on a regular basis.

Charter Pacific Corporation (ASX: CHF) has formed an Advisory Committee to advise the Board in matters relating to their areas of expertise and experience and assist with commercialisation of its Mauritanian investments.

The Committee's experience covers a broad range of activities including, resources sector joint venture, funding, capital raising, corporate advice, banking and finance with a regional focus in India, South Asia and Mauritania.

It will be led by Perth-based Ashley Zimpel, who has over 25 years of establishing and developing capital market, corporate finance and Public Company businesses.

He has held senior positions at Bankers Trust Australia Limited and Macquarie Bank Limited, Hattersley Maxwell Noall Stockbrokers in Sydney and was a founding partner and executive director of what is now RMB Australia Limited.

Zimpel has served as executive chairman of Marine Produce Australia (ASX:MPA) and is currently involved with private equity and corporate finance in the resources sector dealing with established and emerging ASX listed companies in Australia and International projects.

His expertise and experience will be invaluable in heading up the Company's capital raising efforts, working with stock brokers, institutions and high net worth investors in unlocking the value of the company's assets in Mauritania.

The other members of the Committee are Darshak Mehta and Abdel Kader Ould Saleh.

Mehta has over three decades experience in the Metals Industry both in Australia and India.

He was the youngest President of the Bombay Industries Association in 1986 (aged 29) and the youngest Member of the Managing Committee of the venerable, Indian Merchants Chamber.

In 1989, he established a cutting edge, high technology, cable-recycling plant in Sydney: Sanalco Pacific.

Mehta is currently a Director of Link Intime India Pvt Ltd.

Saleh is Charter's In Country manager and a geological engineer with over 40 years of experience in Mauritania.

He was heavily involved in the development of the Mauritanian Ministry of Oil, Energy and Mines, and was Director of the Mines and Geology for more than a decade.

He was administrator of the largest mining companies in Mauritania (iron, copper, gold etc.) and is an author of several publications on the geology and mines of his country.

Charter had last week launched an entitlement issue to raise about A$3,289,472 before costs to fund an exploration campaign focusing on a trenching and reverse circulation drilling at Permit 792 in Mauritania.

Mauritania assets

The Kaoua El Khadra Prospect, which has geological similarities with GlencoreXstrata / Sphere's Mauritania Lebtheinia iron ore deposit, has an Exploration Target of 4.4 billion tonnes of iron across a 130 kilometre strike length.

Recent trenching of the magnetite Banded Iron Formations has resulted in Davis Tube Recovery mass recoveries of up to 43.7% and concentrates of up to 69.76%.

It was also recently granted two gold exploration permits located within the Precambrian Reguibat Shield and the Mauritanides Belt, the most prospective areas for gold mineralisation in Mauritania.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.