26th Feb 2020 14:26
(Alliance News) - Minerals processing firm Tri-Star Resources PLC said Wednesday that Steven Din, chief executive officer of 40% investee Strategic & Precious Metals Processing LLC, has stepped down from his role to pursue other interests.
Strategic & Precious Metals Processing owns an antimony and gold production facility in Oman.
Din has been CEO at the company for two years since 2018. Chief Operating Officer Joel Montgomery has been appointed as acting chief executive officer.
In addition, Tri-Star noted that negotiations between SPMP's shareholders on funding arrangements are continuing, however the timing of any final agreement remains uncertain.
Shares in Tri-Star Resources were up 0.2% at 14.38 pence on Wednesday afternoon in London.
By Dayo Laniyan; [email protected]
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