Aerocast Inc. (¡±Aerocast¡± or the ¡°Company¡±) announces that Raynard von Hahn has been appointed as a director of the Company, subject to approval of approval of all regulatory authorities including the Canadian Trading and Quotation System Inc. Mr. von Hahn has also been appointed to the audit committee of the board of directors.
Raynard von Hahn has a securities law practice and advises clients on corporate finance and securities regulatory matters. He holds a Bachelor of Commerce in Finance from the University of British Columbia and a Bachelor of Law from the University of Western Ontario and is a member of the Law Society of British Columbia.
About Aerocast Inc.Aerocast has established a foundry operation in Nogales, Mexico, for the purpose of manufacturing complex aluminum and magnesium alloy cast components (known as castings) primarily for the aerospace industry. Aerocast intends to take advantage of the prevailing lowlabour rates in Mexico and expects that it will be able to produce its products for lower costs than competing foundries.
On Behalf of the Board of Directors,