21st Jan 2015 11:14
LONDON (Alliance News) - Strategic Minerals PLC Wednesday said it has appointed John Peters as acting chairman with immediate effect.
The UK-based mineral exploration and development company also said it has appointed Michael Wong as a non-executive director.
"These appointments have been made to support the company's decision to accelerate its acquisition growth strategy. Both Mr Peters and Mr Wong have a strong background in mergers and acquisitions in the mining sector, and are knowledgeable of numerous, lower risk, advanced stage "farm in" and/or acquisition opportunities, which may form the foundations of a regional play in North America," the company said in a statement.
Peters has over 30 years corporate finance experience at senior levels, the company said. He was the chief executive officer of Ebony Iron Pty Ltd, and was also involved in the merger with Strategic Minerals.
Strategic Minerals said it is currently looking for value added "farm in" agreements and acquisitions.
The company's shares were trading at 0.452 pence before midday Wednesday, up 0.6%.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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