Director Resignation
Sydney, July 1, 2014 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (TSE:CPT) ("Coalspur" or "Company") advises that Mr Theodore (Ted) Mayers has resigned as a Director of the Company.
The Board wishes to thank Mr Mayers for the contribution made to the Company as a Director and as Chairperson of the Company's' Audit Committee during the tenure of his directorship.
The Company is reviewing the structure and composition of its Board in light of the strategic review process that it announced on June 23, 2014. An announcement regarding this, including the naming the new Chairperson of the Audit Committee will be made in due course.
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific countries.
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