April 22, 2008 Australian Stock Exchange Exchange Plaza 2 The Esplanade Perth WA MOLY MINES APPOINTS NEW YORK INVESTMENT BANKING VETERAN TO THE BOARD
Moly Mines Limited, (MOL – ASX/TSX) is pleased to announce the appointment of retired New York based investment banking executive Michael Senft to the Company’s Board.
Mr. Senft’s appointment comes as the Company seeks to progress the Spinifex Ridge Molybdenum Project to financial close over the coming months. His banking expertise will assist the Board evaluate the financing alternatives and structures being promoted to finalise the financial package for the Project.
Mr. Senft was most recently Managing Director CIBC World Markets Inc and was head of leveraged finance capital markets, head of high yield and leveraged finance origination. In these positions he was actively involved in final transaction approvals, structuring and pricing and coordinated innovative debt financing solutions through integrated capital markets knowledge. He oversaw High Yield Sales, Trading, Research as well as taking a direct role in originating and structuring transactions. He initiated coverage across all Investment Banking Industry sectors and managed all facets of originating and executing financings for a wide variety of issuers in energy, paper & forest products, steel, industrial services and healthcare sectors, among others.
Prior to his appointment at CIBC in 2002, Mr. Senft spent 20 years with Merrill Lynch, New York and held numerous executive rolls finishing as Managing Director, Leveraged Finance. Mr. Senft holds a Masters of Business Administration, Finance, from Stern School of Business, New York and a Bachelor of Arts degree in Economics from Princeton University, Princeton, New Jersey. We look forward to Mr. Senft’s contribution to the Board in this exciting year for Moly Mines as the worlds next major new molybdenum producer. |
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