LOS ANGELES, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Transnational Automotive Group, Inc. (OTC:TAMG), today announced that Phil Thomas, BSc Geol, MBM, MAIG, MAIMVA will join the Company's Board of Directors effective March 1, 2014.
Mr. Thomas is a seasoned mining professional with extensive experience serving in board, executive and senior management roles in the mining industry. Currently, he is Chief Executive of Vallenar Iron Company in Chile and has been involved with Vallenar's magnetite iron ore project since February 2005.
Previously, Mr. Thomas served as CEO of Melbourne-based Admiralty Resources NL, a publicly traded company on the Australian Stock Exchange, from 2003 to 2008 in addition to holding other senior level management and advisory roles with the Company. He also serves as President and Owner of Panopus Plc, a geological consulting and investment banking group focused on the exploration, mining and processing of lithium, iron ore, copper and gold ores as well as oil and gas.
From 1999 to 2003, Mr. Thomas provided consulting services for clients in a range of mining projects providing exploration, risk, financial modeling and ore reserve services. Prior to that, he headed the retail division of a private banking, stock-brokerage and financial advisory group and has served as part of a team that raised capital for 22 companies on the ASX after working for Macquarie Bank as an investment banker for five years.
"Transnational Group is very excited to welcome Phil Thomas to our Board of Directors. Mr. Thomas is one of the foremost leading mining experts in Australia and has several years of successful management experience in both the exploration and financial side of mining companies and projects worldwide," commented CEO of Transnational Group, Dr. Philip Dutoit.
"His expertise in the mining and banking industries, particularly his history of quickly bringing early-stage exploration projects to commercialization and ability to solve technical problems through a keen understanding of Iron Ore Copper Gold geology, will serve as an invaluable asset to our company and its success," added Dr. Dutoit.
Mr. Thomas holds a Bachelor of Science Degree in Geology from Australian National University and a Masters in Business (Marketing) Degree from Monash University, Australia. He holds a Certificate in Financial Analysis from the Australian Securities Institute and is a member of the Australian Institute of Geoscientists and the Australasian Institute of Mineral Valuers and Appraisers.
About Transnational Group, Inc.
Transnational Group, Inc. is a development stage holding company, whose primary business is focused on the exploitation of natural resources and acquiring and developing transportation systems through partnerships and joint ventures, as well as the development of formidable partnerships with sponsoring governments and integrating management's best practices and expertise into their infrastructure.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
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