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Board Changes and Corporate Update

1st Apr 2016 12:44

RNS Number : 9216T
West African Minerals Corporation
01 April 2016
 

For immediate release

1 April 2016

West African Minerals Corporation

("West African" or the "Company")

 

Board changes and corporate update

 

The Board of the Company announces that on 31 March 2016, Brad Mills informed the Company that he had resigned as Chairman of the Board of the Company with immediate effect. Gerard Holden, an existing Non-Executive Director, has been appointed Chairman. Brad Mills will remain as a Non-Executive Director of the Company.

 

The Board of the Company is now as follows:

 

Gerard Holden

Chairman

James Mellon

Non-Executive Director

Andrew Gutmann

Non-Executive Director

Willy Simon

Non-Executive Director

Brad Mills

Non-Executive Director

 

As previously announced on 27 February 2015, the Company had appointed Plinian Capital Limited as operator of the Company's Cameroon projects at a total annual cost of US$160,000 (equivalent to approximately £103,000) for an initial term of 12 months ("Operator Agreement"). Brad Mills, who is also the controlling shareholder of Plinian Capital Limited, informed the Company yesterday that the Operator Agreement would also terminate with effect from 31 March 2016.

 

For further information contact:

West African Minerals Corporation

Gerard Holden

 

+44 (0) 7785 503 593

 

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish

Michael Cornish

 

+44 (0)20 7628 3396

SP Angel Corporate Finance LLP (Broker)

Ewan Leggat

 

+44 (0) 20 3470 0500

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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