Corsa Appoints Patrick Connolly as Advisor
June 11, 2009
Vancouver, B.C. – Corsa Capital Ltd. (CSO:TSX-V) is pleased to announce that Mr. Patrick Connolly has been appointed as an Advisor to the Board of Directors of the Company effective immediately.
Mr. Connolly has over 30 years of experience as a banking executive, with a major portion of his career with Dresdner Bank, one of Europe’s leading financial institutions and one of the largest banks in the world prior to its being acquired by Commerzbank AG in May 2009. Prior to his retirement from Dresdner, Mr. Connolly was Executive Vice President and Head of North American Global Finance, Dresdner Kleinwort Benson North America (DKBNA), overseeing a portfolio of North American real estate, financial institution, power/utilities, telecommunications, and healthcare assets. An important area of DKBNA’s business was investing in buy-out and venture capital funds. Prior to his departure from Dresdner in 2002, Mr. Connolly was responsible for creating DKBNA’s U.S. Power Fund, administered by Energy Investors Funds.
Mr. Connolly has sat on numerous boards of a variety of organizations and most recently was on the board of PBS Coal Inc., NUKEM Inc., and the Global Advisory Committee for Thunderbird Graduate School of Business in
The Board of Directors has granted Mr. Connolly 100,000 stock options under the Company’s Stock Option Plan, subject to regulatory approval. The options are exercisable at a price of $0.55 per common share, subject to a four month hold period, and expire on June 11, 2014.
About Corsa Capital
Corsa Capital Ltd. is a
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Certain disclosures in this release, including management's assessment of Corsa’s plans, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Corsa's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Corsa expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.