Lionsgold Limited Board Changes (3949X)
24 November 2017 - 2:43AM
UK Regulatory
TIDMLION
RNS Number : 3949X
Lionsgold Limited
23 November 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Board Changes
Lionsgold, the gold-focused exploration company with assets in
India and Finland, and a fintech subsidiary that provides online
accounts backed by physical gold, is pleased to announce the
appointment of David William Price as Non-Executive Chairman with
immediate effect. Concurrently with David joining the board, Luke
Cairns, Executive Director, has stepped down from the Board to
pursue other business interests.
Mr. Price, aged 52, is an experienced public listed company
director and technical operator in the global mining industry.
David is a qualified geologist with over 30 years' experience and
has led companies from grass roots exploration through to mine
construction financing. He has relevant porphyry, epithermal,
vein-hosted and intrusion related experience working in Australia,
Papua New Guinea, China, Fiji and the Philippines. Past
appointments include CEO of ASX-listed companies Convergent
Minerals Limited and Golden Tiger Mining NL, and Managing Director
of Millennium Mining (Fiji) Limited. He has also recently been
appointed Chief Executive Officer of AIM quoted Papua Mining plc.
He is a Fellow of the Australasian Institute of Mining and
Metallurgy.
Cameron Parry, CEO of Lionsgold, commented: "I am delighted to
announce that David Price, with his wealth of mining expertise, has
joined Lionsgold's board as Non-Executive Chairman. Together with
the recent appointment of Global Strategy Consultant and former Rio
Tinto Energy & Minerals Chief Executive, Alan Davies, and our
incumbent Non-Executive Director, Dr M. Hanuma Prasad, David's
appointment enhances Lionsgold's breadth of operational experience
in readiness for potential opportunities anticipated to arise in
2018 across LION's three divisions: India Gold, Fintech Gold and
Finland Gold.
"On behalf of the Company I would also like to thank Luke Cairns
for his efforts since joining the board with me 16 months ago
during what has been a transformative period for the structure and
direction of the Company and we wish him well with his other
endeavours."
Enquiries:
Lionsgold Limited Tel: +44 (0)203778 0578
Cameron Parry (Chief Executive Officer)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0)113 394 6600
Tim Feather/Ed Allsopp
Smaller Company Capital Limited (Joint Broker) Tel: +44 (0)20 3651 2911
Rupert Williams / Jeremy Woodgate
Beaufort Securities Limited (Joint Broker) Tel: +44 (0)20 7382 8300
Elliot Hance
Tavistock (Financial PR) Tel: +44 (0) 20 7920 3150
Edward Lee
APPENDIX
The following details in relation to the appointment of Mr.
Price are disclosed in accordance with Schedule 2(g) of the AIM
Rules:
Current directorships Past directorships held
within the last five years
----------------------------- -----------------------------
BGM Investments Pty. AFL Resources Pty. Limited
Limited Convergent Minerals Limited
European Mining Investments Hampshire International
Pty. Limited P/L
Papua Mining plc NQ Metals Pty Limited
Mr. Price was Chief Executive Officer of ASX-listed Convergent
Minerals Limited ("Convergent"), a mineral exploration company,
when it entered voluntary administration on 30 October 2015 due to
the company being unable to secure project construction capital of
AUD$43m during a difficult financing cycle and being constrained by
a secured creditor. Mr. Price was also a director of both of
Convergent's wholly owned subsidiary companies, AFL Resources Pty
Limited and NQ Metals Pty Limited, which entered voluntary
administration on 22 December 2015. A Deed of Company Arrangement
was subsequently entered into and Convergent and its two
subsidiaries came out of administration on 14 January 2016.
There are no other disclosures in accordance with Schedule 2(g)
of the AIM Rules.
For further information, please visit www.lionsgold.com or
contact:
About LIONSGOLD
Lionsgold is a London Stock Exchange AIM market quoted,
gold-focused company involved in the exploration, production and
retail application of physical gold, with gold assets in India and
Finland and a majority owned financial technology company.
Lionsgold's three core focuses are:
-- Strategic partnership with leading India gold exploration and
mine development company, Geomysore, in which Lionsgold holds
21.15%;
-- Majority ownership of a financial technology platform
providing gold backed online accounts for people to hold and
utilise physical gold; and
-- Gold exploration and production in Central Eastern Finland.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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