October 27, 2011 10:53 ET Bonanza Goldfields Names PM Foo Interim CFO
PHOENIX, AZ--(Marketwire - Oct 27, 2011) - Bonanza Goldfields Corp. (PINKSHEETS: BONZ) ("Bonanza" or the "Company") is pleased to announce the appointment of Mr. Peng-Mun (PM) Foo to the position of Interim Chief Financial Officer effective immediately. He has been a member of the Bonanza advisory board since July 2011.
"PM has an outstanding record with growth stage companies at key inflection points, and we are pleased with his expanded role," said President and CEO Scott G. Geisler. "His strong executive financial skills will add value at multiple levels of our corporate infrastructure, and will assist Bonanza to pursue significant opportunities in the precious metals space."
PM Foo has over 17 years experience investing in and building businesses in Asia. PM holds a Singapore Fund Management Representative's license, and is a licensed Private Equity Fund Manager. He currently serves as Director (Asia Pacific) with International Alliance Associates LLC, a cross border strategic advisory entity. PM was also a Deputy General Manager of London Asia Capital Plc, an Asia focused merchant banking and private equity fund management group. Prior to that, PM was Chief Operating Officer of Legg Mason Asset Management (Asia). He has worked for Deutsche Bank, as well as several venture capital entities. PM has been CFO for several PRC companies, instilling international investor confidence by minimizing expectation gaps between Western and Chinese parties in cross border transactions involving Chinese companies preparing for international acquisitions, fundraising, and IPOs. He is a prominent panelist on PRC financial television, and frequent speaker at universities and conferences on private equity & fund management. He is a Fellow Certified Public Accountant (FCPA), as well as having achieved the CFA Institute's Chartered Financial Analyst (CFA) Level 2 program. PM has trekked the Altiplano, the Patagonia Ice Field (an expedition of 40 days) and has led 10-15 men teams on multiple expeditions to the Tibetan Mountains and Everest Base Camp. PM regularly attends financial conferences throughout the world, and will be at the China Mining 2011 exposition, November 6-8.