HENDERSON, Nev., Aug. 12, 2016 (GLOBE NEWSWIRE) -- Oroplata Resources, Inc. (“Oroplata” or the “Company”) (OTCBB:ORRP) today announced the appointment of energy industry and investment banking veteran Alan D. Gaines to the Advisory Board of the Company.
Mr. Gaines is a founder and presently Chairman of the Board of Directors and CEO of ALG Corp., an advisory for the energy and media industries, specializing in recapitalization and restructuring.
Previously Mr. Gaines served as Chairman of the Board of Directors and founder of Dune Energy, Inc. from its formation in May 2001 through April 2010. Mr. Gaines also served as CEO of Dune Energy from inception through May 2007, when he stepped down, taking a less active role, following the acquisition of Goldking Energy Corporation, raising total proceeds of $540 million.
Mr. Gaines also has more than 30 years of experience as an energy investment banker and advisor, having participated in the raising of debt and equity totalling well over $100 billion.
In 1983, he co-founded Gaines, Berland Inc., a full service investment bank/advisory and brokerage, specializing in global energy markets, with particular emphasis given to small-to-mid capitalization public and private upstream companies. Mr. Gaines sold his interest in Gaines, Berland Inc. in 1998.
From 1984 through 1998, Mr. Gaines was Chief Advisor and investment banker to financier Carl C. Icahn in all of Mr. Icahn’s investments within the energy space, including such highly publicized forays as Gulf Oil, Texaco, Pennzoil, Phillips Petroleum, Williams Cos., Unocal, USX (Marathon Oil), Tenneco, and Western Company. He has been quoted globally in numerous newspapers/magazines, industry periodicals and media outlets, such as The Wall Street Journal, Barron’s, The New York Times, Forbes, Business Week, Financial Times (London), Platt’s, CNN, CNBC, etc.
Mr. Gaines holds a BBA in Finance from Baruch College (CUNY), and an MBA in Finance ("With Distinction"-Valedictorian) from The Zarb School, Hofstra University Graduate School of Management. Mr. Gaines was born in Brooklyn, New York, and currently resides in Hollywood Hills, California.
Craig Alford, CEO of Oroplata Resources, commented, “We are very pleased to have someone of Alan’s talent, experience, and standing in the energy finance industry join the Oroplata team as a Strategic Advisor. I have no doubt that he will be a great asset to the Company as we continue to develop our lithium project in Nevada.”
Oroplata Resources Inc., through its wholly-owned subsidiary, Lithortech Resources, Inc., is focused on becoming a substantial profitable lithium producer by the rapid development of valuable production-grade lithium brine deposits in Nevada and throughout the southwest U.S.