19th Jul 2007 12:39
Tanzanite One Limited19 July 2007 19 July 2007 Tanzanite One Limited BOARD CHANGES Tanzanite One Limited (AIM:TNZ) ('TanzaniteOne' or the 'Company'), the premierminer of the rare gemstone tanzanite, announces that Mr Mark Summers has resignedas Chief Financial Officer. The move is motivated by the company's decision to shift its African administration office to Arusha, Tanzania, with Mr Summers electing to stay in South Africa. Mr Summers will continue to serve on the boardas a non-executive director. Commenting on the resignation, Mr Ian Harebottle, Chief Executive Officer said; "I would like to thank Mark for his loyal and valuable service to our company over the past years. We are also grateful to retain his expertise and ensure a smooth transition to his replacements through his continued involvement with thegroup in a non-executive capacity." Mr. Summers will continue to have non-executive oversight on matters of financialaccounting and control. Day to day executive duties will be fulfilled by two senior managers in Tanzania: Mr. Lamek Mchuma who will be responsible for the commercial accounts and Mr. Lusekelo Mwakalukwa who will be responsible for compliance and reporting. The Company will appoint a new finance director once asuitable candidate is identified. In the RNS of 18 July 2007, TanzaniteOne announced that Hansa Overseas Holding SA('Hansa'), sold its entire holdings of Tanzanite One ordinary shares. Following the sale, Hansa representatives Gustav Stenbolt and his alternate, Ben de Bruyn, have resigned from the board effective immediately. For more information please contact: Tanzanite One LimitedWilli Boehm+61 40 996 9955 Tanzanite One LimitedIan Harebottle+255 754 600 989 www.tanzaniteone.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RLD.L