Veteran Fund Manager Jim Rogers Joins Board
Perth, Mar 3, 2016 AEST (ABN Newswire) - Crusader Resources Limited (
ASX:CAS) (CHLXF:OTCMKTS) ("Crusader" or "the Company") is excited to announce that veteran fund manager James Beeland "Jim" Rogers Jr, has been appointed a non-executive director of the Company.
Mr Rogers was the co-founder of the highly successful Quantum Fund, which during 1970 - 1980 gained 4200% while the S&P advanced approximately 47%. The Quantum Fund was recognised as one of the first truly international funds.
In 1998, Mr Rogers founded the Rogers International Commodity Index. In 2007, the index and its three sub-indices were linked to exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index.
In addition to his unparalleled success in funds management, Mr Rogers has also written numerous best-selling investment focused books and is a highly respected financial commentator.
Commenting on Jim Rogers' appointment to the Crusader Board, Chairman Stephen Copulos said, "The Board of Crusader is pleased to have attracted one of the most respected global fund managers to our team. We strongly believe, with the wealth of Jim's experience and popularity as a fund manager, Author and regular speaker of global economies and financial markets, that this appointment is a testament to the value that can be created in Crusader as we develop our suite of assets in Brazil."
Mr Rogers has a Bachelor degree in History from Yale University and a BA degree in Philosophy, Politics and Economics from Oxford University. Since 1980, he has been an occasional guest Professor of Finance at the Columbia Business School.
The appointment of Mr Rogers comes at a key time for Crusader, with the Company recently completing a A$5.5m capital raising, providing sufficient funding to rapidly advance its Brazilian suite of assets. Interest for this raising came primarily from investors in North America, Asia and Europe.
Crusader has a strong portfolio of resources projects with a focus on Brazil. Crusader's assets are diversified across a range of commodities including gold, iron ore and lithium. Crusader is currently producing iron ore from its Posse mine and is developing two advanced gold projects.
With gold in Brazilian Reals recently reaching all-time highs, Crusader's shareholders are exposed to a portfolio of assets which have significant growth potential.
About Crusader Resources Limited
Crusader Resources Limited (ASX:CAS) is a minerals company focussed on the identification, acquisition, development and operation of projects in Brazil. Crusader believes that Brazil is a vastly underexplored country with high potential for the discovery of world class mineral deposits. The company has already acquired a diverse portfolio of projects including gold, iron ore, tin, tungsten and uranium and continues to utilise its strong networks in Brazil to identify new opportunities.
Crusader is characterised by a tight corporate structure and features an experienced board of directors who are strongly focussed on the success of the company.
| ||
|
