Hunter Technology (TSX.V: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) company director Andrew Hromyk has resigned from his position. Hunter announced Hromyk’s resignation, noting that as CEO of Hunter Technology’s predecessor business, Hunter Oil Corp., Hromyk drove the reorganization of the company’s Permian oil and gas assets from 2015 through to monetization in 2018. At that time, Hunter disposed of its oil and gas assets for approximately $43 million, including cash and assumed liabilities. The announcement also noted that Hromyk was instrumental in restoring the company’s capital structure, raising more than $5 million in working capital that was used to reconstitute the company’s oil and gas assets, resulting in a significant increase in shareholder value. Hromyk is leaving the company to focus on his private capital management firm, First Finance Limited, a development stage investor. The company has also appointed a new board member: Alex Wong. A co-founder of China Soft Capital, an independent private equity and asset management firm with a focus on strategic emerging industries and financial technology, Wong boasts a proven track record for making strategic investments in private and public technology companies around the world. He has more than 30 years of experience as an executive in international software companies and has assisted in generating remarkable success for technology companies operating across international and Asian markets. Wong has served as president of SAS Greater China, CEO of Pansky Technology Group, China area president of Unisys (NYSE: UIS), and director for Asia Business and general manager for Corporate Markets for Hong Kong Telecom. “We are very pleased to welcome Alex to the board of Hunter, bringing his wealth of industry knowledge, extensive network, and deep expertise in translating technology into real traction and impact to the Company,” said Hunter CEO Florian M. Spiegl in the press release. “With his strategic approach to developing markets for software, he helped serve millions of people and generated hundreds of millions of sales revenues over the span of his career. His experience will be crucial to support our ambitious growth plans. I would also like to take this opportunity to thank Andrew Hromyk for his invaluable contributions to the Company; we wish him continued success in his endeavors.”
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About Hunter Technology Corp.
Hunter Technology Corp. is a technology provider developing interactive blockchain platforms to enable the facilitation and supply chain tracking of physical oil transactions throughout the trade cycle, with more favorable economics for producers, access to a fair market for all and a reduced carbon footprint as producers transition towards a more environmentally and ethically responsible ecosystem. Through Oilex.com, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. Through OilExchange.com, Hunter will offer real-time supply chain management tools for tracking the origin, transhipment and processing of hydrocarbons and the environmental, social and governance (“ESG”) compliance during their life cycle. For more information about the company, please visit www.HunterTechnology.com.
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