Harvest Minerals Limited Board Changes (8411J)
03 July 2017 - 4:00PM
UK Regulatory
TIDMHMI
RNS Number : 8411J
Harvest Minerals Limited
03 July 2017
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
3 July 2017
Harvest Minerals Limited
("Harvest" or the "Company")
Board Changes
Harvest Minerals Limited, the AIM listed fertiliser development
company, is pleased to announce the appointment of Mr Jack James,
currently Company Secretary, as a Non-Executive Director with
immediate effect. He replaces Mr Mark Reilly, who has resigned from
his role as Non-Executive Director to pursue other interests.
Mr James has over 20 years' experience in chartered accounting,
specialising in corporate advisory and reconstruction. Mr James
provides accounting, secretarial and advisory advice to several
private and public companies, government and other stakeholders. He
has a Bachelor of Business from the Queensland University of
Technology and is a Chartered Accountant.
Harvest Executive Chairman Brian McMaster said, "We are
delighted to welcome Jack to the Board and believe that his
exemplary financial background will play a key role as we enter the
next stage and focus on developing sales of our KPfértil
multi-nutrient, direct application natural fertiliser. I would also
like to thank Mark for his time and support and wish him every
success for the future."
Related Party Transaction
As noted below, Mr James is a director and 50 per cent.
shareholder of Palisade Business Consulting Pty Limited
("Palisade"). The Company has an ongoing relationship with Palisade
whereby it provides the Company with registered office, company
secretarial, accounting and book-keeping services, which had a
value of approximately A$170,700 for the financial year ended 30
June 2017. As a result, Palisade is classified as an associate of a
related party of the Company. As such, the existing contract in
place between the Company and Palisade constitutes a related party
transaction. The independent directors of the Company (being the
directors other than Mr James), having consulted with the Company's
nominated adviser, Strand Hanson Limited, considers that the terms
of the Palisade contract are fair and reasonable insofar as the
Company's Shareholders are concerned.
Additional information
The following additional information is provided in accordance
with AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules
for Companies:
Jack Robert James (aged 53)
Current directorships/partnerships Previous directorships/partnerships
(last 5 years)
----------------------------------- ------------------------------------
Apical Partners Pty Ausmex Mining Group Limited
Ltd
----------------------------------- ------------------------------------
Avonglade Enterprises Castillo Copper Limited
Pty Ltd
----------------------------------- ------------------------------------
Cass Phaedra Skaya Pty Castillo Exploration Pty
Ltd Ltd
----------------------------------- ------------------------------------
Greencape Holdings Pty Blackstar Petroleum Limited
Ltd
----------------------------------- ------------------------------------
Haranga Resources Limited Demeter Consulting Pty Ltd
----------------------------------- ------------------------------------
Nomad Mining Pty Ltd Far North Minerals Pty Ltd
----------------------------------- ------------------------------------
Palisade Business Consulting Firestone Energy Limited
Pty Ltd
----------------------------------- ------------------------------------
Palisade Business Consulting Hunnu Coal Pty Ltd
(CS) Pty Ltd
----------------------------------- ------------------------------------
Reeve Ventures Pty Ltd Icon Gold Pty Ltd
----------------------------------- ------------------------------------
Sturic Pty Ltd KREAC Investments Pty Ltd
----------------------------------- ------------------------------------
Upcity Investments Pty KREAC Pty Ltd
Ltd
----------------------------------- ------------------------------------
Vega Funds Pty Ltd Martu Mining Services Limited
----------------------------------- ------------------------------------
Wolf Petroleum Limited Martu Holdings Pty Ltd
----------------------------------- ------------------------------------
Outback Training Services
Pty Ltd
----------------------------------- ------------------------------------
Premiere Eastern Energy
Limited
----------------------------------- ------------------------------------
TWB Drilling Limited
----------------------------------- ------------------------------------
Ultracharge Limited
----------------------------------- ------------------------------------
Westar Industrial Limited
----------------------------------- ------------------------------------
At the time of his appointment, Mr James holds no shares or
options over shares in the Company.
Other than the information set out above, there is no other
information required to be disclosed in connection with the
appointment of Mr James under AIM Rule 17 and Schedule Two,
paragraph (g) of the AIM Rules for Companies.
ENDS
For further information please visit www.harvestresources.org or
contact:
Harvest Minerals Brian McMaster Tel: +61 8 9200
Limited (Chairman) 1847
Strand Hanson Limited James Spinney Tel: +44 (0)20
(Nominated Financial Ritchie Balmer 7409 3494
Adviser)
Mirabaud Securities Rory Scott Tel: +44 (0)20
LLP 7878 3360
(Broker)
Beaufort Securities Jon Bellis Tel: +44 (0)20
Ltd 7382 8300
(Joint Broker)
Whitman-Howard Grant Barker Tel: +44 (0)20
Ltd 7659 1225
St Brides Partners Isabel de Salis Tel: +44 (0)20
Ltd 7236 1177
Olivia Vita
This information is provided by RNS
The company news service from the London Stock Exchange
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