1st Apr 2008 09:01
Vane Minerals PLC01 April 2008 1st April 2008 VANE Minerals Plc (AIM:VML) ('VANE' or the 'Company') Board Changes VANE announces that it has accepted the resignation of Robert Jeffcock,Non-Executive Director and Co-Founder of the Company, who is retiring witheffect from 31st March 2008. Kristopher K. Hefton (Aged 53), who has been with the Company since 2004, hasbeen appointed to the board as Executive Director. Mr. Hefton, who is the COO ofVANE's uranium division, VANE Minerals (US) LLC, and is based in the US, hasconsiderable experience as a uranium geologist and is a valued addition to theVANE board. He joined the VANE group having previously worked forFreeport-McMoran, Barrick Gold Corporation, Homestake Mining Company and EnergyFuels Nuclear where he gained his initial experience in uranium exploration onthe Colorado Plateau. Mr Hefton owns 116,000 ordinary shares of the Company. There is no otherinformation to disclose under paragraph (g) of Schedule 2 of the AIM Rules forCompanies for the appointment of Mr. Hefton. With the appointment of Mr Hefton, the Board will comprise 4 executive directorsand 1 non-executive director. The Company is actively engaged in seeking twoadditional independent non-executive directors, including a Chairman to enhancethe Board further as it pursues an intended dual listing on the Toronto StockExchange in the second half of 2008. A further announcement in this regard willbe made in due course. Steve Van Nort, CEO, commented "The board would like to thank Robert for hisvaluable contribution to VANE since its inception, during which time his visionhas been integral in bringing the VANE group to its current position. We wouldlike to take the opportunity to wish Robert a happy retirement. In addition, theBoard would like to welcome Kris." Enquiries: VANE Minerals Plc Thomas Weisel Partners Ambrian Partners Limited Parkgreen Communications Matthew Idiens Paul Newman Richard Brown Laura Llewelyn / Beth Harris +44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7634 4709 +44 (0) 20 7851 7480 For further information, please review: www.vaneminerals.com. About VANE Minerals: VANE Minerals was founded by the former international exploration team ofFreeport-McMoRan Copper & Gold Inc., one of the world's largest producers ofcopper and gold. The Company has assembled a highly qualified and experiencedmanagement team with a proven track record in exploration and development, whohave spent their entire careers searching for and defining large scale mineraldeposits. The Company is using the silver/gold production at the Diablito mine in Mexicoto help fund exploration work across its attractive portfolio. Since December 2004, VANE has built a substantial uranium portfolio ofproperties in the Colorado Plateau region, initially targeting the Arizona stripwhich holds the highest grade deposits in the US, contained in breccia pipes. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rosebank