Shenzhen, China (PRWEB) December 30, 2013
China Shouguan Mining Corporation (OTCQB: CHSO) which has exploration and development operations in the gold rich zone of Shandong Province, China, announced today the appointment of Terry Tsao as Chief Financial Officer. K.F. Lam, the Company’s CFO, left to pursue other opportunities.
“We want to thank Mr. Lam for his many contributions over the past several years in helping China Shouguan through our initial exploration and development phase,” stated Zhang Feize, Chairman. “Now, we are prepared to expand overseas in 2014 and reach NASDAQ up listing by 2015. We believe that Terry Tsao has the perfect public company background and financial experience to help grow China Shouguan to twice its current size.”
The South China Morning Post (12/13/13) revealed how China Shouguan is planning to buy gold mines in Australia, North America and Southeast Asia so that it can raise its gold ore resources to 100 tons from its current 40 tons. Mr. Zhang was quoted saying, “Gold is an eternal business.”
Zhang followed up on that quote saying, “Gold is eternal which is why we are expanding from China to grow our mining operations throughout the world. To do this, we need key management who understand the eternal quality of gold and how that drives our business. Terry Tsao is the right man at the right time to be the Chief Financial Officer of our Company.
“Terry has been working in and around China Shoughan Mining operations at all levels for the past three months. With our plans to double our size and reach NASDAQ by 2015, we want all our key management to be well versed and hands-on in mining and gold sales. Terry believed an important element in the finance side of the Company is having a clear understanding of the mining operations side of the business, so he whole heartedly went at it.”
Zhang continued, “Terry has been to our mines, talked with our engineers, site managers and government officials in Shandong Province. He has reviewed current and future gold exploration and development plans. He helped develop the Company’s 2014 worldwide investor marketing program. He was brought into meetings with our overseas and Hong Kong investment bankers, foreign investor groups and market analysts. Terry is ready to take on full responsibilities from day one.”
About Terry Tsao
Terry Tsao, 48, has over 20 years experience in auditing, finance and listed public company controller and CFO experience. Prior to joining the Company, Mr. Tsao was the Financial Controller and Company Secretary of Ningbo WanHao Holdings Company Limited whose shares are listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong (stock code: 8249). He is also the Independent Non-executive Director of Uni-Bio Science Group Limited whose shares are listed on the Main Board of the Stock Exchange of Hong Kong (stock code: 690) since May 7, 2010.
Terry Tsao holds a Master of Business Administration degree from the University of Warwick. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and member of Institute of Chartered Accountants of New Zealand, Institute of Chartered Secretaries and Administrators, Australasian Institute of Banking & Finance plus Bankers' Institute of New Zealand.
About China Shouguan Mining Corporation
China Shouguan Mining Corporation is a highly efficient gold mining exploration and development Company in the gold rich zone of Shandong Province, China. The Company acquires or leases under-performing mines in major mineral zones, then funds their expanded exploration and production utilizing industry leading technologies.
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Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.