Cameron Mitchell
Overview
25
25
years of professional experience
Work History
Chief Financial Officer
Canadian Fiber Optics
01.2019 - Current
- Led internal efforts to raise $185 MM of equity and debt capital from institutional investors and $40 MM of government grant funding to build out fiber-optic infrastructure in Northwest Alberta.
- Key contributor to the design and overall growth of the Company as it grew from 8 to 200+ employees.
- Initiated the design and implementation of corporate information systems in a rapidly scaling environment.
- Led the development of sophisticated financial models that forecast the long-term path for capital deployment and the development of an Internet Service Provider business that will serve 45,000 customers and generate $70 MM in annual recurring revenue.
- Created Board and Executive presentations, assessed business unit performance and led long term business and strategic planning efforts.
- Key role in managing relationships with institutional debt and equity partners including provision of monthly stakeholder reporting.
- Led 10-person Finance team through month financial reporting, FP&A analysis, financial forecasting and annual budgeting cycle.
- Established project reporting process for fiber optic capex program that exceeds $40 MM+ annually and involves multiple project sites each build season.
- Evaluated several M&A opportunities to assist in strategic decision making.
- Established system of corporate financial controls and risk management policy and procedures.
Vice President - Finance
Advancing Chemistry Inc.
01.2015 - 01.2018
- Guided two entrepreneurs through the process of bringing a disruptive new chemical technology to market.
- Facilitated formulation of the strategic vision and creation of the company’s business plan to commercialize new chemical products designed for use in the energy industry.
- Translated the business plan into a sophisticated financial model, collaborated with VP Commercial to construct the investment case used in raising capital.
- Led efforts to successfully raise $550K and $2.5MM of capital in two separate financings.
- Coordinated an effort to re-negotiate a rudimentary agreement with a key supplier, resulting in contractual rights and privileges commensurate with actual IP ownership, and ability to earn exclusive distribution rights globally.
- Restructured the balance sheet to convert several debt and equity instruments into a single class of common shares as part of the $2.5MM financing.
- Oversaw the initial stages of building accounting / management reporting systems and financial controls that could scale with further business growth.
- Influenced the founding entrepreneurs to adjust thinking and expectations to become compatible with the requirements of sophisticated investors.
VP Finance
CORE Linepipe
01.2012 - 01.2014
- Founding shareholder and member of management team that developed and marketed a corrosion resistant steel pipe and joining system for use in the oil and gas industry. The company has been in full commercial operations since early 2014 and is about to expand into the USA.
- Conducted research and created the investment case that led to the decision to launch the business.
- Incorporated and structured the company legally and financially to facilitate growth from start-up to a fully commercial entity.
- Shaped the development of the company’s strategic vision and business plan.
- Secured more than $600K in government grants.
- Spearheaded the negotiation, structure and execution of equity offerings totaling more than $13MM, including an $11MM transaction brokered by Peters & Co.
- Developed and implemented a robust system of corporate governance and financial controls as the company progressed to full commercial operations.
Board Member
Abexco Inc.
01.2012 - 01.2014
- Company Overview: Abexco was a private oil and gas company with assets in Oklahoma and Montana. It has since been acquired by a publicly traded US company.
- Abexco was a private oil and gas company with assets in Oklahoma and Montana. It has since been acquired by a publicly traded US company.
Vice President and Co-founder
CORE Linepipe
01.2011 - 01.2014
- As a Founding Shareholder, worked with engineering and technical staff to design a new large diameter corrosion resistant steel pipe product that could be produced at scale in a cost-effective manner.
- Played a key role in the development of a long-term strategic plan to grow the business.
- Led efforts to raise $12 MM of equity capital over several financing rounds from private and institutional investors.
- Installed early stage financial and reporting systems.
Contract Mandates
Althing Technologies Corp.
01.2018
- Created financial and internal reporting infrastructure and early advisory efforts to prepare for and raise $8-$10 MM in a Series A financing.
Contract Mandates
Innovative Records Systems Corp.
01.2017 - 01.2018
- Structured and executed a 6 - way merger of businesses offering services in the secure records retention industry across 6 Canadian provinces.
- Led negotiations, coordinated due diligence, structured and executed a transaction to sell the amalgamated entity to a private equity backed buyer in the USA – total equity value of $79.5 MM.
Senior Manager
KPMG LLP
01.2011 - 01.2013
- Company Overview: Business Advisory and Valuation Services
- Responsible for valuation of companies and corporate assets in a variety of industries, focusing on energy and oilfield services.
- Participated in valuation of the CNOOC Ltd. purchase of Nexen Inc. for tax purposes.
- Executed an advisory mandate for a US-based gas utility that purchased $250MM of natural gas assets from a Senior Canadian Producer.
- Business Advisory and Valuation Services
Richardson GMP
01.2013
- Worked with a portfolio manager responsible for a book of $250MM in custom portfolios for high-net-worth individuals and non-profit foundations.
- Analyzed E&P investment opportunities, resulting in the completion of several profitable investments.
- Created custom reporting infrastructure for a $20 MM client portfolio.
Senior Equity Research Associate
Dundee Securities and Clarus Securities
01.2005 - 01.2010
- Interacted with the senior management teams to generate new investment insights in Junior, Midcap and Large cap universe of oil and gas companies.
- Wrote research reports on junior oil and gas companies utilizing detailed analysis from management, financial, geological, engineering and surface infrastructure perspectives.
President
Source Rock Energy Partners
01.2007 - 01.2008
- Led a small team of oil and gas professionals tasked with using proprietary new jet pump technology to extract natural gas from watered-out vertical gas wells. The technology is now operating successfully in a variety of applications for horizontal oil wells.
Equity Research Associate
Blackmont Capital
01.2004 - 01.2005
- Assisted in coverage of oil field services, midstream and E&P companies.
Co-Founder & Business Manager
Flexpipe Systems
01.2001 - 01.2003
- Member of the original management team that developed and marketed a new composite pipe product for use by petroleum producers. The Company was sold to ShawCor Ltd. for $135MM in 2008.
- Conducted market research / analysis and wrote the business plan used to secure an initial $4MM investment from ARC Financial Corp., and $800K from the National Research Council and other private investors.
Timeline
Chief Financial Officer
Canadian Fiber Optics
01.2019 - Current
Contract Mandates
Althing Technologies Corp.
01.2018
Contract Mandates
Innovative Records Systems Corp.
01.2017 - 01.2018
Vice President - Finance
Advancing Chemistry Inc.
01.2015 - 01.2018
Richardson GMP
01.2013
VP Finance
CORE Linepipe
01.2012 - 01.2014
Board Member
Abexco Inc.
01.2012 - 01.2014
Vice President and Co-founder
CORE Linepipe
01.2011 - 01.2014
Senior Manager
KPMG LLP
01.2011 - 01.2013
President
Source Rock Energy Partners
01.2007 - 01.2008
Senior Equity Research Associate
Dundee Securities and Clarus Securities
01.2005 - 01.2010
Equity Research Associate
Blackmont Capital
01.2004 - 01.2005
Co-Founder & Business Manager
Flexpipe Systems
01.2001 - 01.2003
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