10th Dec 2008 07:00
For immediate release 10 December 2008
ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY")
BOARD APPOINTMENT
The Company is pleased to announce that Frank Terranova, currently Chief Financial Officer, is to be appointed to the Board of Allied as Finance Director with immediate effect.
Frank Terranova is 39, is a chartered accountant and is currently also a Director of Novabank Pty Ltd. He holds 1,000 ordinary shares, representing 0.0002% of the issued share capital. Mr Terranova also holds 3,500,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately, 1,500,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009, and 1,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
There is no further information on Mr Terranova required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
For more information:
|
Mark Caruso Managing Director |
T:+61 8 93533638 |
|
Roland Cornish Beaumont Cornish Limited |
T: +44 (0) 20 7628 3396 |
Related Shares:
ALD.L