Peter Wong

Chief Financial Officer

SKILLS SUMMARY:


Results-driven, big picture, financial and business leader with over 25 years of diverse and entrepreneurial experience in the natural resources, power generation, clean technology and manufacturing sectors, guiding companies and projects from early start-ups to development and operating stages. Areas of expertise include building and leading effective service-oriented teams with a strong business and ethical culture and improving
business flow processes for efficient operations. People-focused with the ability to adapt quickly to dynamic situations and priorities, using excellent leadership, communication and problem-solving skills to meet business objectives.


EMPLOYMENT HISTORY:


RST Instruments Ltd.                                                    January 2017 to December 2018
Chief Financial Officer

Responsible for the overall accounting/finance operations, IT and HR functions for a designer, manufacturer and seller of geotechnical instruments.


Key Achievements:

  • Member of a small team that prepared and presented to a final list of 12 prospective buyers, creating a very competitive purchase process with excellent financial outcomes for existing shareholders.

  • Recruited and set up in-house IT and HR personnel.

 

Key Responsibilities:

  •  Prepare the Company for sale, improve accounting/IT/HR teams, processes and quality of reporting.

  •  Financial and operational due diligence on potential add-on acquisitions and advice on business decisions.


Huckleberry Mines Ltd.                                                  July 2014 to August 2016
Chief Financial Officer
Responsible for the overall accounting, finance, taxation, admin and IT functions for both corporate and mine operations and member of the senior team overseeing operation at an open-pit copper mine.


Key Achievements:

  •  Negotiated and settled an existing contentious $10+ million insurance claim. operate and put the mine on temporary care and maintenance. Renegotiated $40+ million of reclamation bond funding to ensure the Company had sufficient cash to

  •  Restructured an electricity purchase agreement with BC Hydro resulting in significant annual operating savings.

 

Key Responsibilities:

  •  Assist shareholders regarding short and long-term future of mine including the decision to put mine on temporary care and maintenance.

  •  Lead and manage accounting, finance, admin and IT teams.

  •  Review of operating processes, mine operations, risks and insurance programs.

  •  Ensure timely and high-quality financial reports for operational and strategic decision-making.

  •  Maintain good government, community and shareholder relations.

 

Ethos Gold Corp.                                                         March 2013 to July 2014
Chief Financial Officer

Responsible for overall Company functions and assist with identifying suitable business/project.


Key Responsibilities:

  • Assist CEO/Board with due diligence on potential acquisitions.


Alterra Power Corp.                                                     May 2011 to February 2013
Chief Financial Officer

Responsible for the overall accounting, finance, taxation and IT functions.


Key Achievements:

  • Led an efficient integration of two very different accounting, finance and IT teams and systems from the Magma Energy (geothermal) and Plutonic Power (hydro, wind and solar) merger.

  • Effectively implemented systems to oversee the management of $1.5 billion in renewable operating 

  • Successfully led negotiations with European banks for the geothermal business unit in Iceland to amend credit agreements that the Company was previously in default.


Key Responsibilities:

  •  Lead and manage global accounting, finance and IT teams.

  •  Issue timely and high-quality financial and regulatory filings.

  •  Provide timely and relevant information to the senior management team, board of

  •  Maintain ongoing cooperative lender and project partner relations and reporting.

  •  Manage corporate and project financial risks and insurance programs.


Plutonic Power Corporation                                          August 2005 to May 2011
Chief Financial Officer

Responsible for the overall accounting, finance, taxation, IT and administrative functions.


Key Achievements:

  • Implemented scalable management and reporting systems in the early days of the organization.

  • Key team member responsible for bidding and obtaining a long-term electricity contract from BC Hydro that allowed the Company to secure debt and equity funding to build a $650 million hydroelectric project.

  • An active member in obtaining First Nations support and agreements for the above hydroelectric project in BC.

  • Assembled and led an effective and efficient accounting and finance team to finance, build on budget and operate a 235 MW run-of-river hydro facility and a 144 MW wind farm with a combined capital cost of $900 million over a four year period.


Key Responsibilities:

  • Lead and manage accounting, finance, IT and administrative teams.

  • Issue timely and high-quality financial and regulatory filings.

  • Provide timely and relevant information to the senior management team, board of  directors and project

  • Maintain ongoing cooperative lender and project partner relations and reporting.

  • Manage corporate and project financial risks and insurance programs.


Rubicon Minerals Corporation                                      December 2003 to August 2005
Chief Financial Officer

Responsible for the overall accounting and finance functions for a North American mineral resource exploration company.


Key Achievements:

  • Updated accounting and finance systems that led to the recovery of a substantial amount of unclaimed HST in previous years.

  • Resolution of an ongoing dispute with exploration partner that led to the resumption of exploration and recovery of exploration expenditures.


Key Responsibilities:

  • Lead and manage a centralized accounting and finance team to support multiple simultaneous exploration programs in multiple jurisdictions.

  • Issue timely and high-quality financial and regulatory filings.

  • Provide timely and relevant information to the senior management team, field staff and project partners.


Imperial Metals Corporation                                          June 2003 to December 2003
Acting Treasurer for Huckleberry Mine

Overall financial oversight for the Huckleberry open-pit copper mine, Temporary assignment to replace Treasurer 
on sick leave.


Key Achievements:

  • Assumed treasurer functions on very short notice with minimal transitional assistance.

  • Creative cash flow management in a very low copper price environment.


Key Responsibilities:

  • Mine cash flow management and copper and molybdenum concentrate sales and hedging.

  • Timely and high-quality financial reporting to mine owners.


Crew Group of Companies                                            June 1992 to January 2003
Progressive positions from Corporate Controller to Chief Financial Officer for a group of exploration, development and operating mines in Europe (England tin mine), Africa (Zambia copper mine), Asia (Thailand potash exploration and development project) and North America (BC Meager Creek geothermal project).


Deloitte and Touche                                                       June 1989 to January 1992
Articling student and auditor.


EDUCATION:
Member in good standing - BC CPA, CA 1992 to Present


University of British Columbia 1984 to 1989


Bachelor of Commerce in accounting and management information systems.


OTHER LANGUAGE:
French: intermediate (speaking, reading and writing).


INTERESTS:
Travelling, skiing, reading and volunteering.