SOURCE: Freedom Energy Holdings, Inc.

Freedom Energy Holdings, Inc.

September 17, 2014 14:27 ET

Sigur Palace, Inc. aka Freedom Energy Holdings Introduces New Board of Directors

FORT WAYNE, IN--(Marketwired - Sep 17, 2014) - SIGUR PALACE, INC. aka Freedom Energy Holdings, Inc. (OTC: FDMF), a subsidiary of Sigur Holdings (Pty) Ltd, today introduced the newly appointed Board of Directors.

Brian Kistler, CEO stated, "It is with great pleasure that I introduce the newly appointed Board of Directors to the loyal shareholders. I am confident that as we move forward, my understanding of international finance and business development is going to reach new heights. I am very excited with the qualifications of the individuals that are now acting in concert for the successful execution of the new business plan for our company."

CHAIRMAN OF THE BOARD - Tiny Diswai-Moremi

Ms Tiny Diswai-Moremi is the Chairman of Sigur Holdings (Pty) Ltd and Chairman of Sigur Capital Ltd. She is also currently the Deputy Chief Executive Officer of the Public Enterprises Evaluation and Privatization Agency (PEEPA) in Botswana and is responsible for advising various Government ministries and assisting them in implementing their privatization and outsourcing initiatives. Other current positions with Glenrand M.I.B (Botswana) (Pty) Ltd include Chairman of the Board of Trustees of the Millennium Umbrella Pension Fund and Chairman of the Board of Trustees of the Glenrand Orphans Fund.

Ms Diswai-Moremi was previously the Business Services Manager for Debswana Orapa and Letlhakane Mines and was responsible for the management and implementation of the Debswana Orapa Privatization and Outsourcing Project. She has served as the Country Business Manager for IDM Botswana and was responsible for the overall management of the Botswana Campus as well as its strategic implementation. She is the key liaison between IDM and the government of Botswana as a shareholder. She is responsible for the marketing of the institution and its overall running.

Ms Diswai-Moremi was the International Financial Services Centre (IFSC) project coordinator and in that capacity she pioneered the feasibility study for the establishment of the centre, the drafting and promulgation of the enabling legislation, the establishment of the centre and the marketing and certification of the first eleven companies to be certified under the IFSC fiscal regime. She was involved in the facilitation of the structuring, placement, issuance and listing of the BDC Bond (The first ever-corporate bond to be issued and listed in the Botswana money and capital markets) as well as the BDC investment in Investec Bank, Metropolitan Life and BECI.

Ms Diswai-Moremi has procurement experience gained while managing the Tenders and Contracts Unit of Botswana Railways and worked for the government Central Tender Board as well. She has exposure to internal audit work gained while working for the Ministry of Finance and Development Planning's Internal Audit Department.

Ms Diswai-Moremi is a Certified Public Private Partnership Specialist with a degree from the Institute of Public Private Partnerships (March 2013); MBA Business Finance. University of Windsor, Windsor, Ontario. Canada (1992); and BCom. University of Botswana, Gaborone, Botswana (1988).

Patricia Stock

Patricia was appointed as the chairman of the Audit Committee and a director of the Board of Freedom Energy Holdings Inc on the 09/12/2014. Patricia is a partner at BDO South Africa Inc and was appointed as an audit partner in January 2014 subsequent to joining BDO as an associate director in October 2013. Prior to this she was employed by the Auditor-General of South Africa (AGSA) as a senior engagement manager whereby she was also the chairperson of the SM forum at the AGSA Gauteng office and was responsible for the business unit's risk management. Patricia joined the AGSA investigations and performance audit unit as a trainee auditor in 2005. She also holds a non-executive director position in the BDO Consulting Services. In 2006 she joined Afgri Limited as a trainee accountant performing functions such as debtors, creditors and stock control, internal audit, preparation of financial statements and accounting for foreign exchange transactions. She then rejoined the AGSA in 2007 as a trainee auditor. In 2008 she was promoted to an assistant manager and in 2009 promoted to be an audit manager. In 2010 she gained further experience at the AGSA as a senior audit and firm-level quality control specialist. She qualified as a chartered accountant in mid-2009 and has over eight years experience in a wide variety of audits such as performance, regulatory and international audits in both the private sector and the public sector (national and provincial departments, municipalities and municipal and public entities), NPCs and the UN organizations. She obtained her master's degree in accounting with UJ in 2012. Professional qualifications:
Chartered Accountant of South Africa Registered Auditor (CPA)
Mcom: International Accounting

Siphile Buthelezi

Siphile was appointed Chairman of Regulatory, Compliance and Government Affairs Committee and director of the Board of Freedom Energy Holdings. Siphile is a Senior Associate in the Banking & Finance practice at Bowman Gilfillan having joined Bowman Gilfillan as a candidate attorney in 2008. Siphile completed his LLB degree (with distinctions) from the University of KwaZulu Natal and was admitted as an attorney in 2009. Siphile spent a year in New York City during he spent six months at Davis Polk & Wardwell LLP (Law Firm), where he worked in their Credit and Capital Markets (Banking & Finance) Departments. Davis Polk then seconded him to Morgan Stanley (Investment Bank) for another six months, before returning to South Africa in 2011 to rejoin Bowman Gilfillan. Siphile has assisted various clients on a broad range of banking and finance transactions, including secured lending, syndications, acquisition finance, leveraged finance, project finance, capital market transactions and high yield bond transactions. Siphile is involved in private equity work within the firm. He has assisted various clients in setting up of private equity funds and providing legal opinions on various areas of private equity. Siphile also has knowledge of corporate law and commercial litigation. Siphile is also the Secretary General of the Progressive Professionals Forum which was launched in August 2013 by the President of the Republic of South Africa, President Jacob Zuma. Siphile is the board member of a non-profit organisation known as Ekupholeni Mental Health & Trauma Centre. Siphile is the founder of Project Back to Kasi which is a project focusing on young professionals going back to the locations/townships to assist young people.

Areas of Practice:
Corporate Banking and Finance
Construction Corporate and Commercial
Private Equity

LLB University of KwaZulu Natal (Westville Campus)

Tonderai Victor Manyeza

Tonderai was appointed Vice Chairman of the Board and chairman of the finance committee of Freedom Energy Holdings on the 09/12/2014. A very seasoned banker, prior to joining Sigur Palace Inc he served as the chairman of Sigur Capital from 2012 until early 2014. Tonderai was very instrumental in the formation of most of Sigur Holdings' subsidiary companies and he played a pivotal role in the restructuring of Sigur Capital, Sigur Tech and Sigur Minerals and moving their domicile from the Cayman Islands and the British Virgin Islands (BVI) to South Africa in 2014. He began his International Banking career in 1992 serving in several capacities with Standard Charter Bank. In 1995 Tonderai was a Senior Clerk: International Banking -NMB Bank Limited. In 1997 Tonderai became a Credit Analyst-NMB Bank Limited and was promoted to Senior Credit Analyst in 2000. Continuing to move up in status Tonderai became a Senior Manager in 2005 and is currently the General Manager with TN Bank Limited since 2008.

Registered Public Accountant
Institute of Chartered Secretaries and Administrators In Zimbabwe -1998
Institute of Bankers In Zimbabwe-1997

Sigur Palace is a residential and commercial Real Estate development and investment holding company focusing on providing Africans with good quality and yet affordable housing. We are also active in the development of the low cost housing under the African National Congress (ANC) led South African Government's Reconstruction and Development Program ( RDP) with special focuses on quantity and productivity, not just to impress our client ( the government) but also to ensure safe and comfortable living for the underprivileged new home owners that are given mercy by the South African government to own houses and have a title deed on their name . We pride ourselves as not being a typical development company -- we strive to provide a product and service of the highest quality and standard. At the same time, we provide our portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital. We take a hands-on approach from the very beginning, partnering with talented management to transform their vision into reality.


Sigur Holdings is a dynamic group of companies that was formed in 2010 and has since evolved into a multi-disciplined corporation with a diverse portfolio of activities. The group is a 100% South African National but has a global presence with long-standing relationships with many international companies, which allows for continuous growth and excellent customer and investor relationships. Its main role as a holding company is to oversee the broad commercial aspects of the companies under its purview, and to get involved principally in matters concerning policy, long-term, short-term, contingency, and strategic planning of the subsidiary and portfolio companies. The actual operation of each company is fully decentralized subject to laid down policy and plan, to eliminate interference, delay, and develop the feeling of independence and trust and it means that our people represent a mix of cultures, languages and ethnicities. It also means that we operate under many different local laws and regulations, manage a myriad of social, economic, and political conditions, and operate under varying levels of infrastructure capacity and development. All of these factors influence our ability to execute a one-size fits all strategy on a global scale. The Company is continually developing strong strategic partnerships with international market leaders. We at Sigur believe that value maximization is only achieved by actively working with shareholders and partners to optimize the business and financial strategies of the investments we manage. Our active management strategy is determined on a case-by-case basis. We actively monitor opportunities to maximize the financial returns from our investments, in which we invest. Our monitoring strategy also includes regularly evaluating the performance of the investment against business plans and forecasts and constantly challenging management to outperform. We are focused on a dynamic and decisively approach to investment . We operate a straight forward and effective business model and our strong and dynamic team of local and international business professionals is highly skilled in identifying commercial potential and translating it into live, profitable business entities. Our Business principles are based on the strong moral ethics of our founder. They have served as the blueprint and the structure of our company. That combined with relationships we have established and maintained throughout the globe and our thorough understanding and proliferation of the unique and diverse markets of each country. We believe these principles are the reason for our success thus far and will continue to propel our companies forward on pace with the growth of the countries in which we operate.

FORWARD LOOKING STATEMENT-This press release contains certain "forward‐looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.

Contact Information

  • Contact Information:
    Brian Kistler