Business
RUM Announces CFO Transition
Apr. 15, 2011 (Filing Services Canada) -- Rocky Mountain Liquor Inc. (RUM - TSX Venture), Sar...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"\nRUM Announces CFO Transition\n\n Apr. 15, 2011 (Filing Services Canada) -- Rocky Mountain Liquor Inc. (RUM - TSX Venture), Sarah Stelmack, the current controller, of  Rocky Mountain Liquor Inc. (TSX-V: RUM) (\"Rocky Mountain\" or the \"Company\")  has been promoted  to Chief Financial Officer (\"CFO\").  Sarah has worked closely with the current CFO, Mr. Tracey Bean, for over a year. Sarah is a Chartered Accountant who trained with a leading national audit and accounting firm and worked in the private sector prior to joining the Company.\"The value in transitioning a current employee will be obvious to our shareholders,\" stated Peter Byrne, CEO for Rocky Mountain Liquor, \"When our company can  promote from within, it ensures a smooth transition, continuation of experiences and is a much easier integration for our organization. It's a natural step, one that our entire organization will embrace. Sarah is admired and respected by our administration and operational people. I expect the change of responsibility to be seamless,\" Mr. Byrne said.Sarah graduated from the University of Alberta in 2005 with a commerce degree.  She articled with Deloitte in Edmonton the same year, and obtained her CA designation in June 2008.  Sarah held a position as an accountant with Atco Gas before coming to Rocky Mountain Liquor as controller February 16, 2010.   Mr. Bean, due to family medical concerns, will be returning to be closer to his family in Ontario. \"Since joining Rocky Mountain in 2008, Mr. Bean has established and integrated a robust financial structure for our company. He has been a tireless leader. He first established a senior debt facility of $25 million, followed by a subordinate financing of $3 million and has just concluded his final goal to place an $8 million convertible debenture which closed two days before his departure. The demand for the debenture was so strong the agents exercised their over-allotment option. As a result the gross amount  raised was increased to $9.2 million.\"Mr. Byrne continued, \"His outstanding contribution also included significant contributions to our Corporate Development. Twenty-three new stores, including the 5 announced today, have been acquired or developed by Rocky Mountain or are currently in developm...