Beowulf Mining PLC Chairman Retirement (5003P)
01 September 2017 - 4:00PM
UK Regulatory
TIDMBEM
RNS Number : 5003P
Beowulf Mining PLC
01 September 2017
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of Kurt Budge, Chief Executive Officer.
1 September 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Chairman Retirement
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration
and development company, focused on the Kallak magnetite iron ore
project and the Åtvidaberg polymetallic exploration licence in
Sweden, and its graphite portfolio in Finland, announces that Bevan
Metcalf, Non-Executive Chairman, has notified the Board of his
intention to retire from his role with the Company once his
successor has been appointed. Bevan has served as Non-Executive
Chairman of the Company since 8 May 2015, and prior to that as
Non-Executive Director from 23 September 2014.
The Company has begun the process of appointing a successor.
Kurt Budge, CEO, commented:
"Bevan played a key role in the turnaround of Beowulf, after we
both joined the Company as Non-Executive Directors in September
2014.
"I am very grateful for his support throughout my time as Chief
Executive Officer, and for his significant contribution to the
development of the Company.
"On behalf of Chris Davies, myself and everyone that has worked
alongside Bevan at Beowulf, I wish Bevan a long and happy
retirement.
"I look forward to updating shareholders on progress to appoint
a successor in due course."
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Tel: +44 (0) 20 3771 6993
Officer
Cantor Fitzgerald Europe
(Nominated Advisor & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204
Cautionary Statement
Statements and assumptions made in this document with respect to
the Company's current plans, estimates, strategies and beliefs, and
other statements that are not historical facts, are forward-looking
statements about the future performance of Beowulf. Forward-looking
statements include, but are not limited to, those using words such
as "may", "might", "seeks", "expects", "anticipates", "estimates",
"believes", "projects", "plans", strategy", "forecast" and similar
expressions. These statements reflect management's expectations and
assumptions in light of currently available information. They are
subject to a number of risks and uncertainties, including, but not
limited to, (i) changes in the economic, regulatory and political
environments in the countries where Beowulf operates; (ii) changes
relating to the geological information available in respect of the
various projects undertaken; (iii) Beowulf's continued ability to
secure enough financing to carry on its operations as a going
concern; (iv) the success of its potential joint ventures and
alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding
any mineral project at an early stage of its development, the
actual results could differ materially from those presented and
forecast in this document. Beowulf assumes no unconditional
obligation to immediately update any such statements and/or
forecasts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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