Ferrum Crescent Ltd Directorate Change (0209V)
25 January 2017 - 6:00PM
UK Regulatory
TIDMFCR
RNS Number : 0209V
Ferrum Crescent Ltd
25 January 2017
25 January 2017
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE:
FCR)
Ferrum Crescent Board Changes
Ferrum Crescent, the ASX, AIM and JSE quoted metals project
developer, today announces the resignation of Mr Klaus Borowski
from the Board of Directors of the Company ("Board"). Mr Borowski
has been a Non-Executive Director of the Company since IPO and now
leaves the Board to pursue other interests.
The Company is pleased to announce the appointment of Mr
Laurence Read to the Board as a Non-Executive Director of Ferrum
Crescent. Mr Read, a UK resident, has acted as a strategic and
communications consultant to Ferrum Crescent for seven years,
during which time he has contributed significantly to the Company.
He will continue in this role as Non-Executive Director. He has
sixteen years' experience in advising public and private companies
on investor relations, in particular in the natural resources
sector.
Both changes to the Board are with immediate effect.
Commenting today Justin Tooth, Executive Chairman, said: "On
behalf of the Board, I would like to thank Klaus for all his
commitment and work at Ferrum Crescent over the past ten years. We
wish him well in retirement. As the Company progresses with the
development of its assets, we welcome Laurence Read to the Board of
Ferrum, noting his contribution in the recent developments of the
Company as a consultant. We have a strong team on the Board and in
senior management and I look forward to updating the market on our
operational news shortly."
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment of Laurence Read:
Laurence Thomas Martin Read (aged 40)
Current Directorships / Partnerships Past Directorships / Partnerships (last 5 years)
------------------------------------- -------------------------------------------------
Bezant Resources Plc TERN Plc
Mowbrai Ltd Mineral & Financial Investments Limited
Ixis Resources Ltd
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
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').
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
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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