Kavango Resources PLC Board Appointments (1549L)
11 January 2021 - 6:00PM
UK Regulatory
TIDMKAV
RNS Number : 1549L
Kavango Resources PLC
11 January 2021
PRESS RELEASE
11 January 2021
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Board Appointments
Kavango Resources plc (LSE:KAV) is pleased to announce the
appointment of Mr David Smith as Non-Executive Chairman and Mr Ben
Turney as an Executive Director to the Board of Directors, with
immediate effect.
David Smith, 65, is a solicitor who has worked in corporate
finance and the equity capital markets for over 30 years. He has
considerable practical experience of corporate governance,
regulatory and compliance issues, and has advised junior mining
companies, both quoted and private, extensively throughout his
career. Between 2007 and 2016 he was a partner in an international
law firm with a considerable reputation for mining law. Since
January 2016 he has been a partner in Druces LLP, the Company's
solicitors, where he has helped the firm's Capital Markets team
establish itself as a significant player in the small cap sector,
particularly among natural resources companies.
David will lead the Board at Kavango with particular focus on
internal controls and corporate governance.
Ben Turney, 42, has been working as a consultant for Kavango
since April 2020. He has played a key role in reshaping the
company's investor relations and the successful completion of the
recent GBP2million placement. Ben is an experienced participant in
London's small cap financial markets, having previously worked as
an investigative writer and shareholder advocate. He currently
advises and works for a number of companies, both in the United
Kingdom and North America, with a particular focus on the mining
sector. Ben is responsible for our public relations.
Michael Foster, CEO of the Company: "We welcome David and Ben
onto the Kavango Board to join Mike Moles and myself. I have worked
with David for over 30 years. He has advised various resource
companies with which I have been involved over that time. Ben has
been involved with the Company in a public relations capacity since
April last year. Their contribution to Kavango will be invaluable
as we move forward with our exciting exploration projects in
Botswana."
Ben Turney holds shares in the Company, directly and indirectly,
as follows:
Holder No. of shares No. of warrants held
held
Matthew Benjamin Turney 2,190,076 shares 2,187,500 1p warrants
1,454,545 4.25p warrants
------------------ ---------------------------
Dynamic Investor Relations 1,718,182 shares* 1,818,182 4.25p warrants*
Limited*
------------------ ---------------------------
Eridge Capital (UK) Limited** 500,000 shares** 1,272,727 4.25p warrants**
------------------ ---------------------------
* Matthew Benjamin Turney owns 50% of Dynamic Investor Relations
Limited
** Matthew Benjamin Turney owns 100% of Eridge Capital (UK)
Limited
There are no further details required to be disclosed pursuant
to Listing Rule 9.6.13 in connection with either Mr Smith or Mr
Turney's respective appointments.
For further information please contact:
Kavango Resources plc
Michael Foster
mfoster@kavangoresources.com
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
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END
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