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Halifax, Nova Scotia – July 6, 2006 – Nexient Learning Inc. (TSX: NXN) formerly CrossOff Incorporated and parent company of Polar Bear Corporate Education Solutions / CDI Education, announced today the appointment of Donna de Winter as Chief Financial Officer. Most recently Ms. de Winter served as Chief Financial Officer for Geac Computer Corporation Limited.
“I am pleased to announce Donna’s appointment as Chief Financial Officer. Donna is a seasoned and innovative business leader who brings with her a wealth of experience in internal and external financial reporting, corporate finance and capital markets. She will be a champion of sound corporate governance practices and an invaluable member of Nexient’s senior management team.” said Colleen Moorehead, President and CEO. “Donna’s experience in executing growth strategies and enhancing productivity will be a key ingredient in creating value for our customers and shareholders. I am confident we have chosen the right person to fill this key position as Donna will play an integral role in Nexient reaching its full potential."
“Murray Ryan has been with the company for 6 years in a financial management capacity and has done a tremendous job in the role of CFO over the past three years. We greatly appreciate his leadership during this time. Murray remains with the company in a senior financial management capacity based in Sydney, Nova Scotia,” added Moorehead.
"I am pleased and excited to assume the role of Chief Financial Officer of Nexient. I am looking forward to the challenge of helping grow this dynamic company and working with such a strong and committed team of professionals." said Donna de Winter. “I recognize the significant opportunity Nexient represents in the corporate skills training market and look forward to meeting and exceeding the challenges that lie ahead.”
Along with Ms. de Winter’s appointment as CFO, she will participate in a previously announced private placement with the Company. As part of this transaction Ms. de Winter will subscribe for $125,000 of units offered as part of this transaction. Each unit will be issued at $0.28 per unit and each unit will consist of one (1) common share of the Company and one-half (0.50) share purchase warrant. Each whole share purchase warrant has a five-year term and is exercisable into one common share at an exercise price of $0.35 per share purchase warrant. The private placement is subject to regulatory approval. |