5th Jun 2008 12:56
BEOWULF MINING PLC APPOINTMENT OF DIRECTOR AND ISSUE OF OPTIONS 5 June 2008.
The directors of Beowulf Mining PLC ("Beowulf") the AIM - traded mineral exploration company with iron, gold, copper and uranium projects in Northern Sweden (AIM:BEM) are pleased to announce that Mr Clive Sinclair-Poulton has been appointed as a director.
Aged 52, he studied law at Cambridge University graduating in 1978, before starting a twenty year career in investment banking in London with Citibank and Security Pacific (now Bank of America) as well as stockbrokers Hoare Govett. After founding and then selling a stockbroking firm he became a founding shareholder and executive chairman of the AIM - traded themutual.net (AIM:TMN). He has been involved in natural resources for fifteen years. Most recently, Clive was a founder member of Tanzania Gold Ltd which, following a reverse take-over, was first renamed Tanzania Gold plc then Bezant Resources plc. He was CEO of AIM listed Bezant Resources plc (AIM:BZT) with copper and gold assets in Tanzania and the Philippines until he stepped down in February this year. He continues to have a consulting role with Bezant Resources. He is resident in Ireland.
In addition, the directors have granted the following options which each expire on 3 June 2012 and have an 18 month vesting period:-
Mr. Clive Sinclair-Poulton 2,500,000 options exercisable at 5p per share
Mr. Anthony Scutt 250,000 options exercisable at 6p per share
Mr. Jan-Ola Larsson 250,000 options exercisable at 6p per share
Mr Edward Taylor 250,000 options exercisable at 6p per share.
Contact :Dr. Robert Young, ChairmanBeowulf Mining PLCTel: +44 (0) 1353 649 701Gavin BurnellRuegg & Co. LimitedTel: +44-(0)207 584 3663Nick Bealer/David ScottAlexander David Securities LimitedTel: +44-(0)2074489823Gary MiddletonSt Swithin's Public RelationsTel : +44-(0) 208 317 7970
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