Herencia Resources PLC Board Restructure and Corporate Reinvigoration (6990I)
01 September 2016 - 7:47PM
UK Regulatory
TIDMHER
RNS Number : 6990I
Herencia Resources PLC
01 September 2016
Herencia Resources plc
("Herencia" or the "Company")
Herencia Commences Board Restructure and Corporate
Reinvigoration
Herencia confirms today that it has commenced a process of
restructuring which will involve the appointment of two new
Directors over the next week to oversee Herencia's reestablishment
as a viable junior exploration and development company.
As part of that restructure and subject to final negotiation
between the parties, Herencia is pleased to advise that Peter Reeve
will join the board as a Non Executive Director. A further
announcement will be made in due course when the appointment is
finalised.
Peter Desmond Reeve, aged 54, has been involved in the resources
industry for approximately 30 years and, as a professional
metallurgist, has held positions with Rio Tinto, Shell-Billiton and
Newcrest Mining. The directors believe that, having served as CEO
in various companies, he possesses the broad corporate skill base
to assist Herencia's next challenging phase of development.
Peter founded and was Chief Executive Officer of large
Australian based copper company, Ivanhoe Australia and was also
involved in an African iron ore start-up company. Peter has also
worked in Resource Funds Management and Resource Corporate Finance.
He has been a Director of several small resource companies and in
these roles aims to develop commercial strategies, align with the
business with the investment community and assist in development
funding needs.
He is currently Executive Chairman of Aura Energy Ltd an
ASX-listed uranium and gold development company.
Peter is a director and partner of, and has in the last 5 years
been a director or partner of, the following companies:
Current directorships Directorships and Partnerships
and partnerships held in the last 5
years
Copperchem Limited Emmerson Resources
Limited
Exco Resources Limited
Ivanhoe Australia Limited
Havilah Resources Limited
Chinova Resources Osborne
Pty Limited*
Chinova Resources Operations
Pty Limited*
Chinova Resources Tennant
Creek Pty Limited*
Chinova Resources Cloncurry
Mines Pty Limited
Chinova Resources Pty
Limited*
Scandium Holding Company
Pty Limited
Scandium21 Pty Limited
Syerston Scandium Pty
Limited
*indicates companies
which were formerly
Ivanhoe Group companies.
There is no further information required to be disclosed
pursuant to Rule 17 or Schedule 1, paragraph
(g) of the AIM Rules for Companies.
For further information please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell, WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss, Beaufort Securities Limited (UK) +44 207 382
8300
Further background details on the Company can be found at
www.herenciaresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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