September 6, 2017 - Corsa Coal Corp. (TSXV: CSO) has announced the appointment of Kenneth J. Lund as its General Counsel and Vice President, Administration, effective September 5, 2017.
Mr. Lund has over 25 years of experience in the mining and metals industry, with an established track record of success in managing international and domestic commercial transactions, litigation, insurance and surety placement, corporate governance, M&A, as well as management of safety, legal, and human resources. Previously, he was General Counsel and Vice President, Commercial of the Americas region of the DRA Group, a multinational engineering project delivery and asset management group operating across major global finance markets. Prior to the DRA Group, Mr. Lund served as General Counsel and then President of Taggart Global, LLC (prior to its acquisition by the DRA Group), and before that was a partner with K&L Gates LLP, where he played a leading role with the International Engineering and Construction Practice Group.
George Dethlefsen, Corsa's Chief Executive Officer commented, "We are thrilled to add Ken to our team as we manage the company's rapid growth. He brings tremendous talent, expertise, and coal industry knowledge to the team."
In connection with Mr. Lund's appointment, the Company's Board of Directors has authorized a grant of stock options to Mr. Lund to purchase a total of 70,000 common shares of the Company. The options are to be (i) granted as of September 5, 2017, (ii) exercisable for five years at a price of C$1.58 per common share, being the closing price of Corsa's common shares on the TSX Venture Exchange ("TSXV") on September 1, 2017, and (iii) subject to the terms and conditions of Corsa's Second Amended and Restated Stock Option Plan and the approval of the TSXV. Such options are to vest one-third on the first anniversary of the date of grant, one-third on the second anniversary of the date of grant and one-third on the third anniversary of the date of grant.
Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Our core business is producing and selling metallurgical coal to domestic and international steel producers in the Atlantic and Pacific basin markets. Corsa also offers high heat content, low delivered cost coal to major utilities and industrial users in the Southeast region of the U.S.