1st Sep 2016 10:47
Herencia Resources plc
("Herencia" or the "Company")
Herencia Commences Board Restructure and Corporate Reinvigoration
Herencia confirms today that it has commenced a process of restructuring which will involve the appointment of two new Directors over the next week to oversee Herencia's reestablishment as a viable junior exploration and development company.
As part of that restructure and subject to final negotiation between the parties, Herencia is pleased to advise that Peter Reeve will join the board as a Non Executive Director. A further announcement will be made in due course when the appointment is finalised.
Peter Desmond Reeve, aged 54, has been involved in the resources industry for approximately 30 years and, as a professional metallurgist, has held positions with Rio Tinto, Shell-Billiton and Newcrest Mining. The directors believe that, having served as CEO in various companies, he possesses the broad corporate skill base to assist Herencia's next challenging phase of development.
Peter founded and was Chief Executive Officer of large Australian based copper company, Ivanhoe Australia and was also involved in an African iron ore start-up company. Peter has also worked in Resource Funds Management and Resource Corporate Finance. He has been a Director of several small resource companies and in these roles aims to develop commercial strategies, align with the business with the investment community and assist in development funding needs.
He is currently Executive Chairman of Aura Energy Ltd an ASX-listed uranium and gold development company.
Peter is a director and partner of, and has in the last 5 years been a director or partner of, the following companies:
Current directorships and partnerships | Directorships and Partnerships held in the last 5 years |
Copperchem Limited | Emmerson Resources Limited Exco Resources Limited Ivanhoe Australia Limited Havilah Resources Limited Chinova Resources Osborne Pty Limited* Chinova Resources Operations Pty Limited* Chinova Resources Tennant Creek Pty Limited* Chinova Resources Cloncurry Mines Pty Limited Chinova Resources Pty Limited* Scandium Holding Company Pty Limited Scandium21 Pty Limited Syerston Scandium Pty Limited *indicates companies which were formerly Ivanhoe Group companies.
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There is no further information required to be disclosed pursuant to Rule 17 or Schedule 1, paragraph(g) of the AIM Rules for Companies.
For further information please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell, WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss, Beaufort Securities Limited (UK) +44 207 382 8300
Further background details on the Company can be found at www.herenciaresources.com
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Herencia Resources