Shanta Gold Limited CFO Appointment (1492B)
08 January 2018 - 6:00PM
UK Regulatory
TIDMSHG
RNS Number : 1492B
Shanta Gold Limited
08 January 2018
8 January 2018
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
CFO Appointment
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
developer and explorer, is pleased to announce that Luke Leslie has
accepted the appointment as Chief Financial Officer on a permanent
basis effective 1 January 2018. Luke will remain a Director of the
Company.
Eric Zurrin, Chief Executive Officer, commented:
"On behalf of the Board, I am extremely pleased that Luke has
agreed to become Shanta's CFO on a permanent basis. Luke's
background in operational turnaround, strategy and M&A has
already improved the Company's capital investment decision making
process and lowered the Company's cost base delivering annualised
savings of US$8.7 million (inclusive of US$3.6 million from a
change in mining method at New Luika). I look forward to working
with Luke as we continue to prioritise shareholder returns."
Appendix - Background
Luke Leslie was appointed Interim CFO on 11 September 2017,
having served as a Non-Executive Director of the Company since
2012. Luke has been a member of the Company's audit committee since
2013 and was previously Chairman of the Audit Committee of Canadian
listed exploration company Kincora Copper, where he still serves as
a Non-Executive Director. Luke was previously Co-Head of
Trafigura-Origo, a member of UBS Investment Bank's Corporate
Finance team and a management consultant with Accenture, where he
specialised in post-acquisition integration and cost reduction
strategies.
Enquiries:
Shanta Gold Limited
Eric Zurrin (CEO) +255 (0) 22 292 5148
Luke Leslie (CFO)
Nominated Adviser and Broker
Peel Hunt LLP
Ross Allister / Richard Crichton
/ Chris Burrows + 44 (0)20 7418 8900
Financial Public Relations
Tavistock
Jos Simson / Charles Vivian
/ Barnaby Hayward +44 (0)20 7920 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer. It
currently has defined ore resources on the New Luika and Singida
projects in Tanzania and holds exploration licenses covering
approximately 1,500km2 in the country. Shanta's flagship New Luika
Gold Mine commenced production in 2012 and produced 87,714 ounces
in 2016. The Company has been admitted to trading on London's AIM
and has approximately 769 m shares in issue. For further
information please visit: www.shantagold.com.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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