Kolar Gold Limited Appointment of New Director (8673P)
23 November 2016 - 6:01PM
UK Regulatory
TIDMKGLD
RNS Number : 8673P
Kolar Gold Limited
23 November 2016
Kolar Gold Limited
("Kolar Gold", "Kolar" or the "Company")
Appointment of New Director
Kolar Gold (LON: KGLD), the AIM-quoted India-Finland gold
explorer and trading exchange provider, is pleased to announce the
appointment of Modali Hanuma Prasad as Non-executive Director with
immediate effect.
M. Hanuma Prasad, aged 51, holds a Doctorate in Geology and
brings with him 22 years' experience in geological survey and
exploration within the mining industry. Dr. Hanuma Prasad worked
with the Geological Survey of India for eight years in geological
mapping and mineral exploration projects. He has worked as a
geologist across multiple territories around the world, including
the Archaean greenstone belt in Eastern Finland near to the
location of Kolar's Finnish joint venture. In addition to his
geological experience, he has been hands on throughout his career
with feasibility studies, business development, project due
diligence and corporate strategy.
Dr. Hanuma Prasad is currently Chief Executive Officer of
Australian Indian Resources Ltd, an India focused Australian
multi-metals group that established Geomysore Services (India)
Private Limited ("Geomysore") - a leading exploration company in
India and of which Kolar Gold currently owns 22.31%. Dr. Hanuma
Prasad has been working with Geomysore since 2001, initially as
exploration manager, and currently as technical and strategy
advisor overseeing, together with the board of Geomysore, the
feasibility study under way at Jonnagiri.
Cameron Parry, CEO of Kolar Gold, commented: "We are very
pleased to welcome Hanuma to the board of Kolar Gold. He has very
impressive technical and industry experience that will be of great
benefit to Kolar. His appointment reflects our strong working
relationship with Geomysore and strengthens Kolar's board in
preparation for the next phase of the Company's development."
The following details in relation to the appointment of Dr.
Prasad are disclosed in accordance with Schedule 2(g) of the AIM
Rules:
Current directorships Past directorships held
within the last five years
----------------------------- ----------------------------
Australian Indian Resources Deccan Exploration Services
Ltd Pvt Ltd
Crown Hills Gold Mining
Company
GeoNatural Resources
Ltd
Goan Mineral Resources
Pvt Ltd
International Natural
Resources FZC
Premier Mineral Exploration
Pvt Ltd
Premier Nickel Mines
Pvt Ltd
Royal Nubian Gold Mining
Company
There are no other disclosures in accordance with Schedule 2(g)
of the AIM Rules.
For further information, please visit www.kolar-gold.com or
contact:
Kolar Gold Limited Tel: +44 (0) 207 397 2880
Cameron Parry (Chief Executive Officer)
Luke Cairns (Executive Director)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 113 394 6600
Tim Feather
Ed Allsopp
Vicarage Capital Limited (Broker) Tel: +44 (0) 203 651 2911
Rupert Williams / Jeremy Woodgate
Tavistock (Financial PR) Tel: +44 (0) 207 920 3150
Emily Fenton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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