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Lydian appoints Timothy Philip Read as director

Staff writer |
Toronto, ON., Canada - April 16, 2014, Toronto, ON., Canada - Lydian International, a gold exploration company, announced the appointment of Timothy Philip Read as a director.

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Mr. Read has joined the company's board of directors as a nominee of International Finance Corp., a significant shareholder of the company. He has more than 40 years of experience in the mining and metals sector, first as a mining analyst, then as an investment banker, and most recently as a corporate executive and director.

Between 1995 and 1999, Mr. Read was managing director and global co-head of mining and metals investment banking for Merrill Lynch Inc., a role involving leadership in various investment banking activities, including corporate finance, and mergers and acquisitions.

Between 1999 and 2006, Mr. Read was chief executive of Adastra Minerals Inc. (acquired by First Quantum Minerals Ltd.) and has since served as a non-executive director for several natural resource companies.

Mr. Read is currently a director of Faroe Petroleum PLC, Metminco Ltd. and Capital Drilling Ltd., and was previously a director of Cumerio SA and Nevoro Inc. He has a bachelor of arts (economics) from the University of Strathclyde in Glasgow and is a fellow of the Chartered Institute for Securities and Investment.

The company also announced that Doug Tobler has been appointed as chief financial officer of the company.

Mr. Tobler is a senior financial management executive with more than 30 years of experience gained as a chief financial officer, certified public accountant and corporate adviser.

From August, 2012, to the present, Mr. Tobler has provided various consulting services in the mining industry through Tobler Advisory LLC, a company owned by him. Previously, he served as chief financial officer of Alacer Gold Corp. from April, 2004, to August, 2012.

Mr. Tobler has a bachelor of science in business administration and accounting from the University of Colorado, and is a member of the American Institute of Certified Public Accountants.

The company also announced that the current Chief Financial Officer Roderick Corrie stepped down.

Mr. Corrie is a strategic advisor with experience in a variety of companies. He has held both executive and non-executive roles in corporate finance, health, property, technology, advertising, investment and manufacturing companies.

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