19th Aug 2009 16:06
19 August 2009
African Minerals Limited
("African Minerals" or "the Company")
Change of Directors
African Minerals Limited (AIM:AMI), the mineral exploration and development company with significant interests in Sierra Leone, West Africa, is pleased to announce the appointment of Mr. William Murray John as Non-Executive Director, effective today.
Mr. John, aged 50, is the President and Chief Executive Officer of Dundee Resources Limited. Dundee Resources is a wholly owned subsidiary of Dundee Corp. and carries out Dundee Corp.'s resource investments and initiatives. Mr. John is also President, Chief Executive Officer and a director of the general partners in the CMP Group and the Canada Dominion Resources Group and the President and Chief Executive Officer and a director of Corona Gold Corporation. He is a director of several other publicly traded companies, including Dundee Precious Metals Inc., Breakwater Resources Ltd. and Iberian Minerals Corp.
Prior to joining the Dundee group of companies, Mr. John graduated from the Camborne School of Mines in 1980, received a Master of Business Administration degree from the University of Toronto in 1992 and had extensive experience working as a mining engineer. Mr. John began his investment career with Goodman and Company Investment Counsel, as a mining analyst in 1993 and subsequently worked as a portfolio manager specialising in precious metals equities from 1995 to 1998. He joined Dundee Securities Corporation as a research analyst in 1998 and moved to the mining investment banking team in early 2001, before joining Dundee Resources in 2004.
The Company also announces that Peter Truscott has resigned from the board of Directors of the Company, effective today.
Commenting on the Board changes, Frank Timis, Executive Chairman of African Minerals said:
"It is with great pleasure that I welcome Murray to the board of African Minerals, where his extensive mining and investment banking experience will be a major asset to the Company as we progress Tonkolili towards production.
I would like to thank Peter Truscott for his contribution to the Company and wish him well for the future."
There is no information in relation to Mr. John's appointment required pursuant to Schedule 2 paragraph (g) of the AIM rules for Companies other than as follows:
Mr John holds, or has held, the following directorships in the last five years
|
Current Directorships |
|
Dundee Resources Limited |
|
Breakwater Resources Ltd |
|
Canada Dominion Resources 2008 Limited Partnership |
|
Canada Dominion Resources 2009 Limited Partnership |
|
CMP 2008 Resource Limited Partnership |
|
CMP 2009 Resource Limited Partnership |
|
Corona Gold Corporation |
|
Dundee Precious Metals Inc |
|
Iberian Minerals Corp. |
|
Previous Directorships |
|
Canada Dominion Resources 2005 II Limited Partnership |
|
Canada Dominion Resources 2005 Limited Partnership |
|
Canada Dominion Resources 2006 II Limited Partnership |
|
Canada Dominion Resources 2006 Limited Partnership |
|
Canada Dominion Resources 2007 Limited Partnership |
|
CMP 2005 Resource Limited Partnership |
|
CMP 2006 Resource Limited Partnership |
|
CMP 2007 Resource Limited Partnership |
|
Odyssey Resources Limited |
Enquiries:
|
African Minerals Limited |
Tel: +44 (0) 1481 726833 |
|
Frank Timis Alan Watling |
|
|
|
|
|
Canaccord Adams Limited |
Tel: +44 (0) 20 7050 6500 |
|
Mike Jones Robert Finlay |
|
|
|
|
|
Mirabaud Securities Limited |
Tel: +44 (0) 20 7878 3360 |
|
Rory Scott Pav Sanghara |
|
|
|
|
|
Pelham Public Relations Limited |
Tel: +44 (0) 20 7337 1500 |
|
Charles Vivian |
|
|
Klara Kaczmarek |
Related Shares:
AMI.L