Southern Arc Minerals Inc. Announces Appointments of New Directors
Southern Arc Minerals has announced on May 24, 2024, the appointment of Vince Boon, the company's CFO, and Murray Flanigan as new directors. Flanigan brings extensive experience in corporate finance, mergers, and acquisitions, alongside his background as a Chartered Professional Accountant and Chartered Financial Analyst. He has held significant roles, including CFO of Kepis & Pobe Financial Group and senior positions at Qwest Investment Management Corp. and Adelphia Communications Simultaneously, John Carlile, Michael Andrews, and Morris Klid have stepped down from their director positions. The company expressed gratitude for their contributions.
- Appointment of Murray Flanigan brings extensive financial and corporate expertise to the board.
- Vince Boon's dual role as CFO and director may streamline financial oversight and decision-making.
- Flanigan's background in mergers and acquisitions could drive strategic business opportunities.
- Departure of three directors (Carlile, Andrews, Klid) might result in temporary governance instability.
- Potential risk of over-reliance on new directors' expertise in important decision-making processes.
- No immediate mention of strategic plans or projects that new directors will focus on.
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Southern Arc Minerals Inc. (TSXV: SA.H) ("Southern Arc." or the "Company") is pleased to announce the appointment of Vince Boon, CFO of Southern Arc, and Murray Flanigan as directors of the Company, effective May 24, 2024.
Mr. Flanigan is a management consultant providing financial advisory services to several public and private mining and technology companies in North America and abroad. Mr. Flanigan is a Chartered Professional Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Previously, Mr. Flanigan was Managing Principal and the CFO of Kepis & Pobe Financial Group Inc., and also served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp. and VP Corporate Development for Adelphia Communications Corporation.
John Carlile, Michael Andrews, and Morris Klid have stepped down as directors of the Company.
The Company would like to thank Messrs. Carlile, Andrews, and Klid for their services as directors of the Company and wishes them all the best in their future endeavors.
On behalf of the Board of
Southern Arc Minerals Inc.
"John Proust"
Chairman and CEO
Southern Arc Contact
John Proust Chairman & CEO
Phone: 778-725-1490
Email: info@southernarcminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210596
FAQ
Who are the new directors appointed at Southern Arc Minerals?
What is Murray Flanigan's experience in corporate finance?
What roles did Murray Flanigan previously hold?
What is the ticker symbol for Southern Arc Minerals?
Why might the departure of three directors be significant?
