Orogen Gold PLC Appt CEO, Grant of Options, Other Board Changes (6109A)
30 September 2015 - 4:03PM
UK Regulatory
TIDMORE
RNS Number : 6109A
Orogen Gold PLC
30 September 2015
30 September 2015
Orogen Gold plc
("Orogen Gold" or the "Company")
Appointment of Chief Executive Officer, Grant of Options and
Other Board Changes
Orogen Gold plc (AIM:ORE) is pleased to announce the appointment
of Colin Bird as Chief Executive Officer ("CEO") of the Company
with immediate effect.
Colin Bird is a chartered mining engineer with extensive
multi-commodity mine management experience in Africa, Europe, Latin
America and the Middle East. He has been involved in a number of
public listings in the UK, Canada and South Africa, including as
founder of Kiwara plc which discovered the large Kalumbila copper
project in Zambia, which was sold to First Quantum Minerals Ltd in
2009 for US$260 million.
As CEO, Colin will lead the execution of the Company's strategy
and future direction.
Grant of Options
On his appointment as CEO, Colin Bird has been granted options
over a total of up to 180 million new ordinary shares of 0.01p each
at an exercise price of 0.035p. The options are subject to
performance based vesting conditions over 7 years.
Other Board Changes
Following the appointment of Colin Bird, Ed Slowey assumes the
role of Operations Director with responsibility for running the day
to day management of the Company's existing projects and assisting
Colin Bird in his role as CEO. The Company also announces that
Anthony Venus, Non-Executive Director, has resigned from the Board
with immediate effect to pursue other business interests. The Board
is very grateful to Anthony for his work with the Company over
recent years.
The Board now comprises:
Colin Bird - CEO
Adam Reynolds - Non-Executive Chairman
Ed Slowey - Operations Director
Alan Mooney - Finance Director
Michael Nolan - Non-Executive Director
Adam Reynolds, Chairman said: "I am delighted to welcome Colin
as CEO of Orogen. His appointment further enhances the extensive
exploration, mining and commercial experience of our Board. Colin
has a proven track record of enhancing shareholder value through
maximising the potential of exploration assets and the
identification of new projects. I have great confidence that
Colin's appointment will be successful and his experience will
prove vital in the future development of the Company."
Colin Bird said: "I am pleased to be given the opportunity to
assist Orogen in its future development. I am joining a seasoned
public company management team and am confident that jointly we can
take Orogen forward to new heights."
Further information pursuant to schedule 2(g) of the AIM Rules
is set out below.
Colin Bird, aged 71, holds, or has held in the last 5 years, the
following directorships and partnerships:
Current directorships Directorships and partnerships
and partnerships as at for the five year period
the date of appointment prior to appointment
1 Tara Bar and Restaurant Kairos Capital Corporation
CC
Add X Trading 810 CC SacOil Limited
African Pioneer plc
Bird Leisure and Admin
(Pty) Ltd
Braemore Resources Ltd
Dialyn Café CC
Dullstroom Plats (Pty)
Ltd
Emanuel Mining and Exploration
(Pty) Ltd
Galagen (Pty) Ltd
Galileo Resources plc
Galileo Resources South
Africa (Pty) Ltd
Glenover Phosphate (Pty)
Ltd
Holyrood Platinum (Pty)
Ltd
Jubilee Platinum plc
Jubilee Smelting and Refining
(Pty) Ltd
Lion Mining Finance Ltd
Maude Mining and Exploration
(Pty) Ltd
M.I.T. Ventures Corp
Mokopane Exploration (Pty)
Ltd
NDN Properties CC
New Plats (Tjate)(Pty)
Ltd
Pacific North West Capital
Corp
Pilanesberg Mining Co
(Pty) Ltd
Pollux Investment Holdings
(Pty) Ltd
Power Alt (Pty) Ltd
Revelo Resources Corp
Tiger Resources Finance
plc
Tjate Platinum Corporation
(Pty) Ltd
Umhlanga Lighthouse Café
CC
Windsor Platinum Investments
(Pty) Ltd
Xtract Resources plc
Mr Bird does not hold any shares in the Company.
Enquires:
Orogen Gold plc +353 1662 8395
Colin Bird, CEO
Alan Mooney, FD
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900
Avi Robinson/ Liam Murray
Beaufort Securities Limited (Broker) +44 (0) 20 7382 8300
Elliot Hance
Walbrook (Public Relations and Investor Relations) +44 (0) 20 7933 8780
Paul Cornelius/ Guy McDougall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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