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Hertz Energy Announces Change of Chief Financial Officer

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Hertz Energy (OTCQB: HZLIF) has announced a significant leadership change with the appointment of Natasha Tsai as the new Chief Financial Officer, replacing Jatin Bakshi. Tsai, a CPA and CA, brings extensive experience as Managing Director at Malaspina Consultants Inc. Her background includes specialized expertise in financial operations and business performance, with previous roles as CFO of a junior mining company and corporate controller in the energy sector. A graduate of UBC's Sauder School of Business, Tsai received her Chartered Accountant designation in 2007 and has served as co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.

Hertz Energy (OTCQB: HZLIF) ha annunciato un importante cambiamento nella leadership con la nomina di Natasha Tsai come nuova Chief Financial Officer, in sostituzione di Jatin Bakshi. Tsai, CPA e CA, porta con sé una vasta esperienza come Managing Director presso Malaspina Consultants Inc. Il suo background include competenze specializzate nelle operazioni finanziarie e nella performance aziendale, avendo ricoperto in precedenza i ruoli di CFO in una società mineraria junior e di controller aziendale nel settore energetico. Laureata presso la Sauder School of Business dell'UBC, Tsai ha ottenuto la qualifica di Chartered Accountant nel 2007 e ha ricoperto la carica di co-presidente del Young CA Forum presso l'Institute of Chartered Accountants of BC.

Hertz Energy (OTCQB: HZLIF) ha anunciado un cambio significativo en su liderazgo con el nombramiento de Natasha Tsai como nueva Directora Financiera, reemplazando a Jatin Bakshi. Tsai, CPA y CA, aporta una amplia experiencia como Directora General en Malaspina Consultants Inc. Su trayectoria incluye especialización en operaciones financieras y desempeño empresarial, con roles anteriores como CFO de una empresa minera junior y controladora corporativa en el sector energético. Graduada de la Sauder School of Business de la UBC, Tsai obtuvo su certificación como Contadora Pública en 2007 y ha sido copresidenta del Young CA Forum en el Institute of Chartered Accountants of BC.

Hertz Energy (OTCQB: HZLIF)는 Natasha Tsai를 새로운 최고재무책임자(CFO)로 임명하며 중대한 리더십 변화를 발표했습니다. Tsai는 Jatin Bakshi를 대신합니다. CPA이자 CA인 Tsai는 Malaspina Consultants Inc.의 전무이사로서 풍부한 경험을 가지고 있습니다. 그녀는 재무 운영 및 비즈니스 성과에 대한 전문 지식을 보유하고 있으며, 이전에는 주니어 광산 회사의 CFO 및 에너지 부문의 기업 컨트롤러로 근무했습니다. UBC의 Sauder School of Business를 졸업한 Tsai는 2007년에 공인회계사 자격을 취득했으며, BC 공인회계사 협회의 Young CA Forum 공동 의장을 역임했습니다.

Hertz Energy (OTCQB : HZLIF) a annoncé un changement important dans sa direction avec la nomination de Natasha Tsai au poste de nouvelle Directrice Financière, remplaçant Jatin Bakshi. Tsai, CPA et CA, apporte une vaste expérience en tant que Managing Director chez Malaspina Consultants Inc. Son parcours comprend une expertise spécialisée en opérations financières et performance commerciale, avec des postes antérieurs de CFO dans une société minière junior et de contrôleur d'entreprise dans le secteur de l'énergie. Diplômée de la Sauder School of Business de l'UBC, Tsai a obtenu sa qualification d'Expert-Comptable en 2007 et a été co-présidente du Young CA Forum à l'Institute of Chartered Accountants of BC.

Hertz Energy (OTCQB: HZLIF) hat eine bedeutende Führungsänderung bekannt gegeben und Natasha Tsai als neue Chief Financial Officer ernannt, die Jatin Bakshi ersetzt. Tsai, CPA und CA, bringt umfangreiche Erfahrung als Managing Director bei Malaspina Consultants Inc. mit. Ihr Hintergrund umfasst spezialisierte Kenntnisse in Finanzoperationen und Unternehmensleistung, mit früheren Positionen als CFO eines Junior-Bergbauunternehmens und als Corporate Controller im Energiesektor. Tsai hat an der Sauder School of Business der UBC studiert, erhielt 2007 ihre Chartered Accountant-Zertifizierung und war Co-Vorsitzende des Young CA Forum beim Institute of Chartered Accountants of BC.

Positive
  • Appointment of experienced CFO with relevant industry background in mining and energy sectors
  • New CFO brings strong credentials including CPA, CA designations and leadership experience
  • Smooth transition with immediate replacement of departing CFO
Negative
  • Sudden departure of previous CFO without specified reason could raise concerns
  • Potential disruption in financial leadership during transition period

Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company" or "Hertz") announces that Jatin Bakshi is no longer Chief Financial Officer for the Company and Natasha Tsai has been appointed in his place.

Ms. Tsai, CPA, CA, is Managing Director at Malaspina Consultants Inc. She has been a senior advisor and CFO with companies in a broad range of industries. Natasha specializes in the areas of financial operations and business performance. Prior to 2012, Natasha was the CFO of a junior mining company and the corporate controller of an early stage company in the energy sector. Natasha is a graduate of Sauder School of Business at UBC and received her Chartered Accountant designation in 2007. She is also a former co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.

"We look forward to welcoming Ms. Tsai to the Hertz team and would like to thank Jatin for his contributions as a valuable member of the Company's management and wish him continued success in his other ventures" stated Kal Malhi, CEO of the Company.

About the Company

The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the Lucky Mica Lithium Project and the AC/DC Lithium Project. The Lucky Mica Project is 939 hectares located within the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Quebec, Canada, just 26kms southeast of the Covette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's uranium projects include the Cominco Uranium Project located in Bathurst Inlet, Nunavut, Canada and its recent applications for Exclusive Prospecting Licenses in Namibia.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252495

FAQ

Who is the new CFO of Hertz Energy (HZLIF)?

Natasha Tsai, CPA, CA, has been appointed as the new Chief Financial Officer of Hertz Energy. She is currently Managing Director at Malaspina Consultants Inc.

What experience does Natasha Tsai bring to Hertz Energy (HZLIF) as CFO?

Natasha Tsai brings experience as a senior advisor and CFO across various industries, specializing in financial operations and business performance. She previously served as CFO of a junior mining company and corporate controller in the energy sector.

When did Hertz Energy (HZLIF) announce its CFO change?

Hertz Energy announced the CFO change on May 16, 2025, with Natasha Tsai replacing Jatin Bakshi.

What are Natasha Tsai's qualifications as Hertz Energy's new CFO?

Natasha Tsai is a CPA, CA who graduated from UBC's Sauder School of Business and received her Chartered Accountant designation in 2007. She was also a former co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.
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