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This profile was last updated on 9/29/12  and contains information from public web pages.

Chairman, President and Chief Exe...

Phone: (416) ***-****  HQ Phone
Email: g***@***.ca
McVicar Resources Inc.
55 University Avenue Suite 605
Toronto, Ontario M5J 2H7
Canada

Company Description: McVicar Industries Inc., formerly McVicar Resources Inc., is a Canada-based company. The Company has three segments: mineral exploration, which explores for various...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • Doctorate Degree , Geology
    University of Toronto
45 Total References
Web References
For cash management purposes and to ...
www.newswire.ca, 28 Feb 2012 [cached]
For cash management purposes and to avoid the administrative, tax and foreign exchange costs which may arise from an immediate disposition of its marketable securities, McVicar has secured a bridge financing facility from Dr. Gang Chai, the Chief Executive Officer of McVicar, and an associate of Dr. Chai, for a principal amount of up to CAD $1.4 million with interest at the prime rate of interest charged from time to time by the Bank of Montreal in Toronto on Canadian dollar loans to is most creditworthy customers plus one percent (1%) payable monthly in arrears on the balance outstanding from time to time. If the loan is not repaid by June 29, 2012, additional interest at the rate of 2% per month, calculated daily will be payable. The bridge financing facility is secured by a promissory note having a principal amount of CAD $1.4 million and maturing on June 29, 2012. This term will provide ample time for McVicar to repay the loan in an orderly manner and consequently will have no effect in the transition of McVicar business and affairs.
No securities of McVicar will be issued to the Lender and accordingly, the transaction will have no effect on the percentage of McVicar securities owned or controlled by the Lender. The bridge financing facility was considered and approved by the board of directors of McVicar at a meeting held earlier today at which Dr. Chai declared his interest in the transaction and abstained from voting.
Dr. Gang Chai, Director, ...
www.mcvicar.ca, 21 Feb 2012 [cached]
Dr. Gang Chai, Director, President & CEO, is an entrepreneur specifically focused on consulting and investment between Canada and China. He initially worked for the federal government in Ottawa for two years after obtaining a Ph.D. from the University of Toronto. Dr. Chai has consulted for numerous international companies doing business in China in the middle 1990s. He founded McVicar Minerals Ltd. which was engaged in mineral exploration in Canada and China. The company merged with China based Hanfeng Evergreen Inc. in 2003 and is traded in the Toronto Stock Exchange at present. Dr. Chai founded and has been CEO of McVicar Resources Inc. since 2003.
The company was able to win ...
www.newswire.ca, 10 Dec 2010 [cached]
The company was able to win an increased confidence from our strategic customer through its constant efforts in improvement in product quality and satisfactory customer service", commented Dr. Gang Chai, President & CEO of McVicar.
...
please contact investor relations eXavier Peterson or Dr. Gang Chai, CEO at: 55 University Avenue, Suite 605, Toronto, ON M5J 2H7 Tel: (416)366-7420 Fax (416)366-7421 www.mcvicar.ca
JTI - http://www.jitetech.com/
www.jitetech.com, 3 Jan 2011 [cached]
Dr. Gang Chai, Director, President & CEO
Dr. Gang Chai, Director, President & CEO, is an entrepreneur specifically focused on consulting and investment between Canada and China. He initially worked for the federal government in Ottawa for two years after obtaining a Ph.D. from the University of Toronto. Dr. Chai has consulted for numerous international companies doing business in China in the middle 1990s. He founded McVicar Minerals Ltd. which was engaged in mineral exploration in Canada and China. The company merged with China based Hanfeng Evergreen Inc. in 2003 and is traded in the Toronto Stock Exchange at present. Dr. Chai founded and has been CEO of McVicar Resources Inc. since 2003.
"This is another encouraging development ...
www.mcvicar.ca [cached]
"This is another encouraging development from our Chinese subsidiaries", commented Dr. Gang Chai, President & CEO of McVicar, "With the increasing market demand for quality and stable medicines in China, Changlong stands a much better opportunity than its peers to grow its sales and market share based on the company's advanced technology".
...
"I am very pleased with the results," said Dr. Gang Chai, President and CEO.
...
"This is a great development for our company in establishing a formal, cooperative relationship with an elite research institute in China", commented Dr. Gang Chai, President & CEO of McVicar.
...
Hongbo's emphasis on innovation and product quality has helped to build the company's reputation, both domestically and internationally," commented Dr. Gang Chai, President & CEO of McVicar, "We are confident that our chemical business will continue to experience rapid growth."
...
It is the direct result of the collaborative efforts between ourselves and one of China's top Chemical Institutes, the Shanghai Institute of Organic Chemistry", commented Dr. Gang Chai, President & CEO of McVicar, "We see tremendous opportunities for our products as a result of customer satisfaction and market demand."
...
As a result of the company's focus on R&D, and its dedication to product quality, Hongbo has obtained numerous international orders in recent months", commented Dr. Gang Chai, President & CEO of McVicar, "This order is only the beginning of our multiple product offerings.
...
The recognition of our products and services with more international companies clearly shows that Hongbo can provide high quality products with a reasonable price", commented Dr. Gang Chai, President & CEO of McVicar, "With continued efforts of Hongbo we believe there will be more orders and sales from other international companies.
...
The company was able to earn increased confidence from one of the top quality chemical companies in the world and in such a short period of time", commented Dr. Gang Chai, President & CEO of McVicar, "With an inventory of a series of high quality products developed previously, Hongbo is very well positioned to capture greater growth opportunities in the future".
...
said Gang Chai, McVicar's President and CEO.
...
It is a further step for McVicar to add new lines of technology and products to our intermediate chemicals for the pharmaceutical industry", Dr. Gang Chai, McVicar's CEO, commented.
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"We are very pleased with the increased interest from a world leading chemical company", said Dr. Gang Chai, President & CEO of McVicar, "Hongbo represents an important investment for McVicar.
...
MCVICAR APPOINTS NEW DIRECTORS: At the Annual General and Special Meeting of the shareholders of McVicar Resources Inc. on June 19, 2007 was the election of Gang Chai, D. James Misener, Raymond Morley, Anthony Naldrett, and Kang Hongjie to the Company's Board of Directors.
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Ltd.," commented Dr. Gang Chai, McVicar's CEO.
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Dr. Gang Chai, the CEO of McVicar has been appointed a Director and Chairman of the Board of Jite.
McVicar purchased these shares of Jite for investment purposes and McVicar has no plans to acquire any additional shares of Jite at this time. McVicar Resources has recently acquired interests in numerous other successful China-based industrial businesses. The acquisition of Jite follows McVicar's strategy of acquiring businesses that purposefully fit with its overall China strategy.
For further Information, please contact Dr. Gang Chai at: 55 University Avenue, Suite 605, Toronto, ON M5J 2H7 Tel: (416)366-7420 Fax (416)366-7421
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