Shefa Gems Ltd Appointment of CEO (7403O)
03 June 2020 - 4:00PM
UK Regulatory
TIDMSEFA
RNS Number : 7403O
Shefa Gems Ltd
03 June 2020
B"H
3 June 2020
Shefa Gems Ltd.
("Shefa Gems" or the "Company")
Appointment of CEO
Shefa Gems (LSE: SEFA), a company focused on advanced
exploration and development of multi-gemstone projects in Northern
Israel, announces that following the sad passing of Avi Taub, the
founder of Shefa Gems, the COO, Mrs Vered Toledo stepped up
according to the request of the Board of Directors (the "Board") in
January this year to become the CEO of the company. Since then
Vered has successfully ensured the delivery of the important
Certificate of Discovery for the Kishon Mid Reach zone 1 and 2
which now enables significant progress to be made towards the issue
of a mining licence.
However after more than 21 years with the company since its
inception Vered has decided the time has come to retire from the
company and with effect from 1st June 2020 she is handing over her
position as CEO to Ms Tali Shalem, the daughter of the late Avi
Taub and her appointment as CEO was approved by the Board of Shefa
on that day. As per the Company's request, Vered will continue to
work with Tali in the handover process for the next 30 days until
1st July 2020. Vered has worked tirelessly for the company since
its inception and has contributed significantly to the discoveries
of the rare Natural Moissanite and the Carmel Sapphire(TM) and its
successful evolution into a exploration company which should become
Israel's first precious gems mining company hopefully within the
next two years. We wish Vered good luck in her future.
Tali Shalem
From 2008 until 2018 Tali served as second to Avi Taub and was
involved in all aspects of the business including legal and
regulatory procedures, finance and fund raising. Prior to that she
worked for many years at the family jewellery company with
experience in all stages of jewellery production sales and finance.
Since 2019 she has been the owner of a new marketing company with a
website for the sale of gems and jewellery working with suppliers
from Tel Aviv and manufacturers from Israel and Europe.
Tali Shalem, incoming CEO of Shefa Gems, said: "I would like to
thank the Company for the vote of confidence. I am honoured to be
given the opportunity, together with our professional and
experienced team, to fulfil the founder's vision (my dear late
father at whose side I worked closely for years on this great
project), in the best possible way for the Company and all its
shareholders."
- Ends -
Enquiries
Shefa Gems Ltd
Michael Rosenberg, OBE - Chairman
www.shefagems.com +44 (0) 7785 727 595
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VSA Capital Limited - Financial
Adviser
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Andrew Raca +44 20 3005 5000
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SI Capital Limited - Broker
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+44 20 3871 4038 / +44
Nick Emerson and Jon Levinson 1483 413500
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Notes to Editors
About Shefa Gems Ltd
Shefa Gems Ltd (LSE: SEFA) is an explorer and developer of
precious stones deposits operating in Northern Israel. Exploration
activity is managed by professionally skilled and technically
competent personnel and is accompanied by an international team of
geological experts with decades of proven experience in their
fields. It has two flagship projects, Mount Carmel and the Kishon
Reach.
With its international geological consultant team, Shefa Gems
has established a "Source to Sink" geological model and the
presence of a Target Mineral Assemblage of gemstones ("TMA Suite")
in both primary volcanic sources and in secondary alluvial deposits
lying within the Kishon catchment, on Mount Carmel and in the
Zevulun and Yizre'el valleys and their margins. The TMA suite
comprises Precious Stones (Diamond, rare natural moissanite,
sapphire, ruby, Carmel Sapphire(TM), garnet, hibonite, spinel,
ilmenite) and heavy minerals including zircon and rutile.
All exploration activities are conducted under international
standards and the internationally recognised SAMREC 2016 Code. Its
three permits, granted to it by the Commissioner of Mines at the
Ministry of Energy, Natural Resources Administration, Israel,
extend over an area of approximately 488,366 Dunams (48,836
hectares) that includes the Kishon River, the volcanic bodies on
Mount Carmel, the Zevulun and Yizre'el valleys and their
margins.
Alongside its exploration activities, the Company is building on
the launch of the "Heaven on Earth" jewellery collection and
developing the Company's "Mine to Market" strategy to promote
unique jewellery collections utilising Shefa Gems' suite of
precious gemstones.
The Company upholds environmental values and protects the nature
in the areas where it operates, cooperating fully with all
authorities.
The exclusive "Heaven on Earth" collection is now available to
view online on the website of the designer Yossi Harari at:
https://www.yossiharari.com/collections/heaven-on-earth-1
For further information please visit the website at
www.shefagems.com
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END
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