Ferrum Crescent Ltd Chairman Employment Contract & Manager Appointment (5608T)
09 January 2017 - 6:00PM
UK Regulatory
TIDMFCR
RNS Number : 5608T
Ferrum Crescent Ltd
09 January 2017
9 January 2017
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE:
FCR)
Contract of employment for Executive Chairman and Appointment of
Project Manager
Ferrum Crescent, the ASX, AIM and JSE quoted metals project
developer, announces that the Company's Executive Chairman, Justin
Tooth, has entered into a contract of employment, with the Company,
to replace the interim arrangements agreed at the time of his
appointment.
In accordance with ASX Listing Rule 3.16.4, the Company advises
the following material terms of Mr Tooth's employment
agreement:
1. Base salary of GBP125,000 per annum, excluding statutory
contributions to National Insurance and Pension required under UK
Law.
2. The contract has no fixed term and may be terminated by
either party on three months' notice (or in the case of termination
by the Company, payment in lieu of such notice).
3. Mr Tooth will be eligible to participate in employee
incentive schemes operated by the Company from time to time on such
terms as the Board may decide.
The Company also announces the appointment of Mr Merlin
Marr-Johnson to the position of Project Manager with his principal
responsibilities being the progression of the lead-zinc portfolio
of projects held by the Company.
Mr Marr-Johnson has over 20 years' experience as a field
geologist, mining analyst and resources fund manager. He is a
Spanish speaker and has overseen exploration programmes in South
America, Sub-Saharan Africa and Central Asia. Mr Marr-Johnson had
previously been engaged as a technical consultant on the Toral and
Lago projects.
For further information on the Company, please visit
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Director and Company Secretary T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative) T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler T: +44 (0)20 7409 3494
Beaufort Securities Limited (Broker)
Elliot Hance T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Doné Hattingh T (direct): +27 11 459 5037
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ('MAR').
This information is provided by RNS
The company news service from the London Stock Exchange
END
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