Goldstone Resources Ltd Director Appointment (5277X)
27 November 2017 - 6:00PM
UK Regulatory
TIDMGRL
RNS Number : 5277X
Goldstone Resources Ltd
27 November 2017
27 November 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Director Appointment
GoldStone Resources Limited (AIM: GRL), the West and Central
Africa focused gold exploration company quoted on AIM, is pleased
to announce the appointment of Angela List as a Non-Executive
Director to its Board of Directors (the "Board").
Angela is a director of BCM Investment Limited ("BCM"), which
following its participation in the Company's recent fundraise
announced on 27 September 2017, is interested in approximately
20.08 per cent. of the Company's issued share capital. BCM is part
of the wider BCM Group of companies ("BCM Group"), which are one of
Africa's largest private contract miners.
The Board looks forward to working alongside Angela, who has
significant operational and in-country expertise, to further the
Company's business objectives in Ghana. Her trusted network
throughout Africa extends from Government authorities through to
the local communities where the BCM Group operates. Most recently,
Angela was instrumental in the BCM Group acquiring a 90 per cent.
interest in the Nzema Mine in Ghana, formerly owned by TSX-listed
Endeavour Mining Corporation.
Angela joined the BCM Group in 2001 as Finance Director and has
overseen significant growth throughout the business, increasing
total assets from approximately US$21 million up to US$246 million
as at 2016. In the same manner revenues have increased from
approximately US$20 million in 2001 to approximately US$111 million
in 2016. Prior to this Angela was a member of the audit team at
KPMG Ghana Limited.
The Company confirms that it intends to appoint an additional
independent Non-Executive Director, and the Company looks forward
to updating shareholders in due course.
Bill Trew, Non-Executive Chairman of GoldStone, commented:
"I am delighted to welcome Angela to the Board of GoldStone, as
she brings a wealth of experience to the GoldStone team. Her
business acumen and diverse experience across many disciplines
which, in particular, involves mining throughout West Africa, will
be a great asset to assist the Company in building value from
proposition through to mining and production and bringing
shareholder value to the Company."
Further information on Angela Diala List as required in
accordance with Schedule 2 (g) of the AIM Rules:
Angela Diala List (née Akill), aged 43
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
Bayswater AG Jupiter World Network Limited
Bayswater Capital Partners Phalgom Energy Limited
AG
BCM Ghana Limited Pyrton Investments Limited
BCM International Limited Stilmore Consortium Limited
BCM Investment Limited
BCM Investments Limited
BCM Mali SA
Cooperate Travel Limited
Cooperative Travel Limited
Elwyn List Farm Limited
GSP AZUR Société
Civile Immobiliere
Notre Dame Investments
Limited
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules.
For further information, please contact:
GoldStone Resources
Limited
Emma Priestley Tel: +44 (0)7867 785177
/ +233 (0)55 581 8855
Strand Hanson Limited
Richard Tulloch / James Tel: +44 (0)20 7409 3494
Bellman
SI Capital Limited
Nick Emerson Tel: +44 (0)1483 413 500
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
- END -
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted
exploration company with projects in Ghana, Senegal, and Gabon that
range from grassroots to advanced exploration.
The Company is focused on developing the Homase-Akrokerri
project in south-western Ghana, which hosts an existing 602,000 oz
gold JORC Code compliant resource at an average grade of 1.77g/t,
along strike from the Obuasi Gold Mine, one of the World's major
gold mines with a total historical and current resource in excess
of 70 million ounces of gold. It is the Company's intention to
build a portfolio of high-quality gold projects in Ghana, with a
particular focus on the highly prospective Ashanti Gold Belt.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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