Apella Resources Names Tanvir A. Khandaker to its Advisory Board
17 August 2011 - 6:49AM
Marketwired
Apella Resources Inc. (TSX VENTURE: APA)(PINK SHEETS: APAFF)(OTCQX:
APAFF)(FRANKFURT: NWN), which owns potentially the largest and most
significant vanadium assets in North America and perhaps the
largest combined resource of Vanadium in the world, has approved
and appointed Tanvir A. Khandaker, to its Advisory Board.
Mr. Tanvir A. Khandaker is Principal and Group Manager of
KDRMORGAN Limited Inc., a Wall Street based Buy-Side Advisory and
Risk Management firm and also serves as the Chief Portfolio
Strategist of KDR resources Alpha Fund, a Private Equity Fund that
specializes in investing in Small Cap Global resource companies
that are attractive M&A targets. As a Contrarian Value Investor
and as an Independent Advisor to various funds, he has over 10
years of Wall Street Advisor experience. Prior to KDRMORGAN
Limited, Inc he founded and managed Roushan Khandaker Group; a
boutique Global Small Cap Equities research firm focused on the
Metals and Mining Sectors.
"I am looking forward to working with Apella Resources' team, as
I believe in the significant potential of Apella's Lac Dore and
Iron-T projects; specifically since these Vanadium assets have the
potential of becoming such a large opportunity for a junior
company. In addition to the Vanadium, both the Iron and Titanium
credits could significantly bolster the company's cash flow once it
goes into production," commented Tan Khandaker. He further stated,
"Apella's Vanadium deposits represent the first potential supply of
Vanadium inside North America, of significance. This could power
the U.S. economy from Battery operated transportation to steel
production and infrastructure expansion. More importantly, if used
as a strategic metal, Vanadium could create the paradigm shift in
the green energy sector and thus play a major role in reducing our
domestic carbon footprint."
"Tan Khandaker's background in the Mining Sector, as well as his
experience in the public markets will be invaluable resources to
Apella," stated Patrick O'Brien, Chief Executive Officer. "I'm very
excited to be working with Tan. He adds necessary experience to the
Company as we move our business plan forward," O'Brien
concluded.
The global economic recovery in the next 24 months, featured by
infrastructure growth, is going to be good for steel industry
growth, BRIC's and frontier markets. If it is good for steel, it is
going to be very good for Vanadium. Green Energy and new brands of
lithium batteries could drive vanadium demand even further. Energy
Storage is also a significant area of growth for Vanadium. Tan
Khandaker stated, "I would like to continue to advise the company
in its capital market positioning and financing strategy to
validate and grow the project portfolio at Apella and make them a
serious strategic metal player."
Mr. Tanvir A. Khandaker serves on Apella's Advisory Board
effective August 15, 2011.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard &
Poors Listed, Dun & Bradstreet Listed.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Apella Resources Inc. Adrian Bakker Vice President of
Corporate Communications 604-683-8990 or Toll Free: 1-800-663-8990
604-683-8903 (FAX) apella@apellaresources.com
www.apellaresources.com
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