Tethyan Resources PLC Appointment of CEO (4421V)
03 November 2017 - 2:41AM
UK Regulatory
TIDMTETH
RNS Number : 4421V
Tethyan Resources PLC
02 November 2017
2 November 2017
Tethyan Resources plc
Appointment of CEO
Tethyan Resources plc ('Tethyan' or 'the Company') is pleased to
announce that Fabian Baker has been appointed President and Chief
Executive Officer of the Company. Peter Mullens has stepped down as
Chief Executive Officer ("CEO") and the Board has confirmed his new
position as Executive Director and Senior Vice President
Exploration and Development.
Mr. Baker is a geologist with significant experience in the
Western Tethyan Mineral Belt, including leading grassroots
exploration through to completion of Bankable Feasibility. Previous
roles include Chief Geologist at Lydian International's newly
discovered Amulsar gold deposit in Armenia and Exploration Manager
for Royal Road Minerals whilst the company was focused in Turkey.
Mr Baker founded the private company that secured exploration
assets in Serbia which was subsequently acquired by Tethyan and led
to the Company's entry into the Balkan region. He has been the
Chief Operating Officer of Tethyan since May 2016, during which
time he has successfully acquired and developed significant
exploration assets, built a highly capable team and implemented the
Company's business strategy in the region. Mr Baker has a Bachelor
of Science in Applied Geology from the Camborne School of
Mines.
Mr Mullens led the Company as its CEO for the last two years,
during which time the Company has successfully established itself
in Serbia and completed numerous corporate initiatives which have
left the Company well positioned to continue its growth and
development. In his new role as Senior Vice-President Exploration
and Development, Mr Mullens will draw on his significant technical
expertise to oversee the Company's exploration and development of
its existing assets and evaluate new business opportunities.
John Proust, Chairman of Tethyan, commented: "The Board is very
pleased to appoint Fabian Baker as President and CEO, he has been
fundamental to the development of the Company and we see him as a
rising star in the mineral exploration industry. He has an in-depth
knowledge of the region's geology, and has developed Tethyan to be
a leading player in Serbia and the greater Balkan region. We are
confident that the Company has a bright future with Fabian at its
helm."
Mr. Proust also stated: "Peter Mullens has guided the Company
through many important changes during the past two years and the
Board thanks him for his successful tenure as CEO. Throughout
Peter's career he has excelled in the identification and
advancement of high quality exploration properties, and we are
pleased to have him focused, in his new role, on this aspect of the
Company's future development."
For further information please contact:
Tethyan Resources PLC +44 1534 881 885
Fabian Baker (CEO) fabian@tethyan-resources.com
Cairn Financial Advisers LLP +44 (0) 207 213 0880
James Caithie / Sandy Jamieson
About Tethyan
Tethyan Resources Plc ("Tethyan Resources") is a gold and base
metal mineral exploration company incorporated in England &
Wales (company registration number 3781581). Tethyan Resources
listed on AIM (TETH.L) in 2004 and commenced trading on the TSX
Venture Exchange on September 6, 2017, under the symbol "TETH".
Tethyan Resources is focused on the Tethyan Metallogenic Belt in
Eastern Europe, mainly Serbia, where it is acquiring and exploring
a portfolio of quality precious and base metals projects with known
mineralisation and compelling drill targets.
Tethyan emphasises responsible engagement with local communities
and stakeholders, and is committed to proactively implementing Good
International Industry Practice (GIIP) and sustainable health,
safety and environmental management.
More information can be found on our website:
www.tethyan-resources.com. This announcement contains inside
information for the purposes of Article 7 of EU Regulation
596/2014.
Forward Looking Statements
Certain information contained herein constitutes
"forward-looking information" under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to holding the general meeting
and mailing the meeting materials. Generally, forward-looking
information can be identified by the use of forward-looking
terminology and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements are based on
the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward-looking statements or forward-looking information,
including: the receipt of all necessary regulatory approvals,
capital expenditures and other costs, and financing and additional
capital requirements. Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward looking information. The
Company will not update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities laws.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAELLFBDFFXFBD
(END) Dow Jones Newswires
November 02, 2017 11:41 ET (15:41 GMT)
Tethyan Res (LSE:TETH)
Historical Stock Chart
From Apr 2024 to May 2024
Tethyan Res (LSE:TETH)
Historical Stock Chart
From May 2023 to May 2024