Mr Phillippe will assume the position of CFO from Alexander Krantz, who has served as CFO since October 23, 2006. Mr Krantz will continue to act as president, CEO and secretary of the company.
Mr Phillippe currently serves as CFO of Exchequer Resource, and CFO and Secretary of Bold Ventures. In the past Mr Phillippe has served as a director and officer of Urodynamix Technologies, a Vancouver-based medical device company and CFO of Columbia Goldfields, a junior gold mining company.
Mr Krantz said: “We are delighted to have Ken Phillippe assume the role of CFO in light of his vast accounting experience and expertise.”