Homeland Energy Group Announces Appointment of CFO
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TORONTO, ONTARIO, Apr 07 (MARKET WIRE) --
Homeland Energy Group Ltd. (TSX: HEG) ('Homeland' or 'the Company') is
pleased to announce the appointment of Andrew Gottwald, Chartered
Accountant as the Company's Chief Financial Officer starting April 15,
2009. Mr. Gottwald's appointment follows the resignation of Mr. Stephen
Woodhead, Company CFO since March 2007.
Mr. Gottwald is a Chartered Accountant with over ten years' experience in
the financial services industry. Prior to joining Tahera Diamond
Corporation as Controller in 2000, Mr. Gottwald was a financial analyst
with Arthur Andersen LLP. Promoted to Chief Financial Officer in 2001 and
Executive Vice President Finance in 2007, Mr Gottwald managed the
transition of Tahera's Jericho diamond mine from its exploration stage
through development and into commercial production, negotiated and
completed 16 equity and two debt financings totaling over $220 million,
and developed and implemented accounting, reporting and procedural
systems appropriate for the growth of the company and ongoing regulatory
and accounting changes. Mr. Gottwald also holds a degree in Statistical
Sciences from the University of Western Ontario.
Welcoming Mr. Gottwald, Homeland CEO Stephen Coates stated "Andrew brings
a wealth of experience in mining finance, mine development and in the
Canadian public company sector. I look forward to working with Andrew to
continue to build and develop Homeland. On behalf of the Homeland Board
and my colleagues, I thank Stephen Woodhead for his commitment as a key
part of the Homeland team. His background in mining, knowledge of South
Africa and valuable advice has played a large part in the success of this
company. Although Stephen is leaving the mining industry altogether, I
would welcome his experience, dedication and skills to any venture."
"Homeland has made impressive gains over the past two years and I have
been pleased and honoured to be a part of the Homeland team," commented
Mr. Woodhead, "Andrew Gottwald joins this dynamic Company as it
transitions from the development stage to join the ranks of the producers
and brings a critical skill set that will help Homeland make this
transition a smooth one. I would like to thank the Homeland team for my
experience over the last two years as I move on to ventures outside the
mining industry."
Homeland Energy Group Ltd. (TSX: HEG) is a coal producer with operations
in the Witbank area of South Africa. The company also has a large-scale
development property in South Africa and exploration interests in
Southern Africa. Homeland continues seek out interests in additional coal
projects in South Africa and neighbouring countries as well as in the
United States. Homeland is a significant shareholder in Homeland Uranium
Inc., a Canadian uranium exploration and development company focused on
projects in Niger and the United States. Homeland also has an aggressive
global acquisition strategy with a focus on energy resources. Homeland
Energy Group Ltd. is currently traded on the Toronto Stock Exchange under
the symbol "HEG" with 274,650,688 common shares issued and outstanding.
www.homelandenergygroup.com.
Contacts:
Homeland Energy Group Ltd.
Naomi Nemeth
Vice President, Investor Relations
416 506 1979
nnemeth@homelandenergygroup.com
Homeland Energy Group Ltd.
Stephen Coates
President and Chief Executive Officer
+44 207 399 4390
scoates@homelandenergygroup.com
www.homelandenergygroup.com
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