9th Nov 2009 12:07
Noventa Limited
("Noventa" or the "Company")
Change of Operational Headquarters
9 November 2009
At the Board Meeting of the Company, held in Maputo, Mozambique on Friday 6 November 2009, it was decided that the Company's operational headquarters should be relocated to the Head Office of Highland African Mining Company Limitada, the operating company for the Company's Tantalum mining assets - which is based in Maputo, the capital of Mozambique.
This will have the advantage of Management being closer to the mining assets and enable the closer development of relationships with the Mozambique political and business communities. The office of HAMC Project Services (Pty) Ltd., the Company's South African subsidiary in Johannesburg, will be retained on a reduced scale, focussing on engineering and procurement support. The move should be effected in the next three or four months.
The Board of Directors also resolved to constitute an Audit Committee chaired by Mr. Tim Griffiths FCA MCSI. The other members of this committee are Mr. Guy Coltman and Dr Joachim Martin.
For further information please contact:
www.noventa.net
Daniel Briggs Religare Hichens, Harrison plc (Broker) +44 20 7444 0500
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