Business
Namibia Rare Earths Inc. announces new shareholders
William E. Oberndorf, Prof John G (Jack) McDonald and William L. Price acquire a 38% inte...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n\n\n\nWilliam E. Oberndorf, Prof John G (Jack) McDonald and William L. Price\n acquire a 38% interest in Namibia Rare Earths \n\n\nHALIFAX, April 30, 2013 /CNW/ - Namibia Rare Earths Inc. (\"Namibia Rare\n Earths\" or the \"Company\") (TSX: NRE) (OTCQX: NMREF) is pleased to\n announce that William E. Oberndorf, Prof John G (Jack) McDonald and\n William L. Price have acquired an aggregate of 38% of the shares of\n Namibia Rare Earths pursuant to an agreement of purchase and sale with\n another shareholder.\n\n\nWilliam E. Oberndorf is the Chairman of Oberndorf Enterprises LLC\n (\"OEL\"), which is a holding corporation for the Oberndorf family. Prior\n to the founding of OEL,, Mr. Oberndorf was a managing director and\n founding partner of SPO Partners and Company where he worked for 33\n years before stepping down to form OEL in 2012. Mr. Oberndorf has had a\n long standing interest in investing in value based businesses with a\n natural resource orientation. He currently is a 5 percent shareholder\n of Dominion Resources (formerly Harry Winston) and was a 10 percent\n shareholder of Spartan Oil, which was acquired by Bonterra Resources\n earlier this year. OEL continues to hold its investment in Bonterra.\n Mr. Oberndorf has served as a corporate director of numerous publicly\n traded companies. Mr. Oberndorf is a graduate of Williams College and\n the Stanford Graduate School of Business. He resides in San Francisco,\n California where he serves as Chairman of the University of San\n Francisco Foundation Board and where he is involved in a number of\n other civic activities.\n\n\nProf John G (Jack) McDonald is the Stanford Investors Professor in the\n Graduate School of Business at Stanford University, and a private\n investor.  He has taught Investment Management, with a long-term\n fundamental value perspective, and Corporate Financial Management for\n 45 years in Stanford's MBA and Executive Programs. He has also taught\n at Harvard Business School and at Columbia in New York.  Prof McDonald\n has served as a corporate director of many publicly listed companies,\n currently including Plum Creek Timber Co., the largest owner of timber\n lands within the United States. His grandfather emigrated from Scotland\n to Nova Scotia in the late 1800s.\n\n\nWilliam L. Price is the former Chairman and Global Chief Inves...