Board of Directors and Management

Peter Espig, President, Chief Executive Officer and Director


Mr. Espig was appointed interim CEO on July 7, 2013 and full time President and CEO on November 7, 2013 during CCAA proceedings culminating in the restructuring of the Company on November 21, 2014. He is experienced in the analysis of investment opportunities, raising capital, deal sourcing, financial structuring and corporate turnaround. Mr. Espig has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side.

Mr. Espig serves as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig served as Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments.

In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School.

Mr. Espig has been active in the turnaround of mining projects and has functioned in management roles and as a director for numerous mining companies.

Mr. Frank Hogel, Director


Mr. Hogel is an Asset Manager actively involved in the financial evaluation of companies and convertible debenture restructuring, and sits on the advisory board of Concept Capital Management. His background includes more than 13 years of direct experience in the mining industry, expertise as an international financier/investor and successful track record stock consultant and stock broker in London, England. Mr. Hogel holds a degree in Economics and International Business and management from the University of Nürtingenin Germany and Finance Degree (DTV).

Mr. Doug F. Robinson, Q.C., Director


Mr. Robinson has been a member of the B.C. Bar since 1973. He has served as a Director of the Law Institute of B.C., founding director of the B.C. Mediation Society, and founding Chair of the Canadian Forum for Civil Justice. Mr. Robinson has litigated and lectured on legal issues globally and in public practice is recognized by LEXPERT as one of the leaders in construction and product liability litigation. Since retiring as a senior partner with Lawson Lundell his focus of expertise has been on mediating corporate disputes and advising high net worth families on a variety of issues.


Dr. Paul Johnston, P.Geo., Director


Dr. Johnston is a geologist with more than 25 years experience in the mining industry.  Dr. Johnston began his career in the late 1980s as a mine geologist at a large Canadian gold mine and since 1996 has worked in a variety of international positions at Teck Resources, including Regional Chief Geoscientist for South America.  He holds a PhD from Queen’s University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.  He has accumulated extensive international experience in early to advanced stage exploration for gold, copper, and zinc.

Mr. Warwick Bay, Chief Financial Officer & Corporate Secretary


Mr. Bay has been a member of the Institute of Chartered Accountants of B.C. since 1979. Mr. Bay practiced for over 10 years with one of the big five public accounting firms and is specialized in the audit of public mining companies. He also owned and operated a group of companies in the hospitality industry for 15 years. Prior to joining Nicola Mining Inc., he spent 17 years in the financial services industry where he focused on raising capital for junior mining companies and exploration projects.