February 9, 2017, Vancouver, British Columbia: The Board of Directors of NatureBank Asset Management Inc. (the “Company”) (TSX-V: COO, Frankfurt: 9EA) is pleased to announce the appointment of Phil Cull and Dirk Walterspacher as Co-Chief Executive Officers of NatureBank. Mr. Cull currently serves as CFO of the Company and is based in Canada, while Mr. Walterspacher heads NatureBank’s wholly owned German-based subsidiary, ForestFinest Consulting. Current CEO and President Dr. James Tansey, will assume the role of Chief Investment Officer, focusing on investor relations and capital fundraising to support the development goals of the Company, as it grows its sustainable agroforestry consulting and asset management businesses. Dr. Tansey will also continue to serve as a Director of Company.
Following the July 2016 MOU announcement with Anholt Services (USA) Inc, NatureBank has begun to deploy more than USD $11 million into the establishment of sustainable cocoa developments in the Dominican Republic. The Board of Directors has restructured the executive leadership recognizing the Company is now entering the implementation and execution phase on projects such as Anholt, as well a suite of significant international carbon and agroforestry developments. Both Mr. Cull and Mr. Walterspacher bring established leadership track records, especially in capital management and resource deployment in large scale project development, spanning North and South America, and the MENA region.
These appointments further integrate the North American and European operations of NatureBank, allowing the Company to better respond to the obligations and oversight of the project pipeline and the unique operational requirements of agro-forestry projects.
“We are pleased to have reached another milestone in our corporate growth,” commented Harry Assenmacher, Chairman of the Board of NatureBank. “Dr. Tansey has effectively guided us to a stage where we are now focussing attention both on execution of the projects in our pipeline, and on attracting capital to meet our development ambitions. Within the executive team, Dr. Tansey will continue to lead our fundraising efforts while Mr. Cull and Mr. Walterspacher guide our Company’s growth and the execution of the Company’s current and future commitments.”
Chairman of the Board
NatureBank Asset Management Inc.
About NatureBank Asset Management Inc.
NatureBank is an internationally diversified carbon management and agroforestry solutions company. With offices in Vancouver, British Columbia and Portland Oregon, Bonn Germany, Geneva Switzerland and satellite offices in Panama, its team of industry leaders specialize in the origination, development and commercialization of high-quality agroforestry and carbon offset projects, in addition to offering a comprehensive suite of sustainability consultancy services. Through NatureBank advisory services group Offsetters and German based CO2OL, the company helps organizations understand, reduce and offset their climate impact. NatureBank has worked with over 200 leading business organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE – Entega, and Shell Canada Limited. NatureBank is publicly listed company on the Toronto Venture Exchange (TSX-V:COO) and in Frankfurt:9EA. For more information, please visit us at www.NatureBank.com.
For further information, please contact:
NatureBank Asset Management Inc.
Suite 1000 – 675 West Hastings Street,
Vancouver BC, V6B 1M8
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS:
Certain of the statements and information in this news release may constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements. When used in this news release the words “anticipate”, “believes”, “estimates”, “expects”, “intends”, “may”, “project”, “plan”, “should” , “forecast”, “outlook”, “budget”, “anticipated”, “future”, “potential” and similar words and expressions may identify forward-looking statements or information.
The statements in this news release reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to be materially different from results, performance or achievements anticipated by management. The Company’s ability to continue as a going concern is dependent upon its ability to maintain profitable operations and/or obtain the necessary financing to repay liabilities and obligations arising from normal business operations and to meet contractual liabilities related to the acquisition of Offsetters and CCC when they come due. The Company has been profitable in the past but has not achieved sustained, long term profitable operations and may require additional working capital and may seek additional financing through equity or debt and/or increased sales revenue and cash flows in order to remain a going concern. There is material uncertainty related to the Company’s ability to secure necessary financing or generate additional sales revenue and cash flows in the amounts required. The Company could be adversely affected by risks and uncertainties as disclosed in the Company’s most recent MD&A filing and financial statements as filed at www.sedar.com.
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