30th Jun 2005 07:01
Uranium Resources PLC30 June 2005 URANIUM RESOURCES PLC ('the Company') DIRECTOR APPOINTMENTS Uranium Resources plc, the AIM listed uranium exploration company, has todayappointed Dr Leon Eugene Pretorius and Hugh David Warner as Directors. Dr Pretorius BSc (Hons), MSc, PhD, FAusIMM (CP), MAIG, PrSciNat, is a uraniumgeochemist with 34 years experience in uranium exploration and miningoperations, predominantly in Australia and Africa. Most recently he was aspecialist uranium consultant and an Executive Director of Paladin Resources Ltd("Paladin"). He remains an Executive Director of Langer Heinrich Uranium (Pty)Ltd, Paladin's subsidiary in Namibia, which is currently developing the firsturanium mine outside of Canada in 20 years. He was also consultant geochemistand Chief Executive to Savannah Mining NL and Scorpio Mining NL of Australia andhas worked as uranium exploration geologist for Rand Mines, Newmont (Canada) andRio Tinto. Dr Pretorius is the author of numerous research studies/publications and speakerat a number of International Scientific Conferences. He is also a Member orFellow of professional organisations including the South African Council ofNatural Scientists, the Association of Exploration Geochemists, the AmericanGeophysical Union, Australian Institute of Geoscientists and AustralianInstitute of Mining and Metallurgy. The Company has granted to Dr Pretorius an option to subscribe for up to10,000,000 ordinary shares of 0.1 pence each in the Company ("Shares") at 2.5pence per Share, exercisable in three tranches at various times between 30 June2005 and 31 December 2008. Hugh Warner BEc, is a company director and contributes specialist corporatefinance expertise. He has held a number of directorship positions in bothprivate and publicly listed companies in Australia, UK and Canada, principallyin the oil and gas, gold, nickel, uranium and technology sectors. He is also anExecutive Director and equal beneficial shareholder of Ascent Capital Pty Ltd ("Ascent Capital"), an Australian principal investor, which has listed by IPO orre-capitalisation 17 companies on the Australian Stock Exchange ("ASX") and sixcompanies on AIM. Current directorships include Green Rock Energy Ltd,Metabolism Health Limited and Deep Yellow Ltd listed on the ASX, and AscentResources Plc and Tower Resources Plc listed on AIM. Hugh Warner's shareholding in the Company includes 9,280,000 Shares held by hisfamily trust and 8,000,000 Shares held by Ascent Capital. Uranium Resources Chairman David Steinepreis said: "We are delighted that bothLeon and Hugh have joined our team. There are few professionals in the world ofuranium that have Leon's knowledge, expertise and proven track record. He hasworked with a string of blue chip companies and as a result the respect he hasgained from his years in the industry spreads far and wide." "The Board also believes that Hugh will provide valuable assistance to theCompany going forward, particularly in view of his extensive knowledge in thefinancial, investment and mining industries." "The uranium market is strengthening in line with the growth in energyrequirements in both the developed and developing worlds. Our strategy is totake advantage of this opportunity by acquiring known uranium deposits with aspecific focus on Southern Africa and Australia. With Leon and Hugh now on theboard, I am certain that we can build and manage a strong portfolio of uraniumassets to provide shareholder value." Dr Pretorius, aged 54, is or has been a director of the following companiesduring the previous five years. Current directorships Past directorshipsASX Listed ASX ListedDeep Yellow Ltd Paladin Resources Ltd Unlisted UnlistedLanger Heinrich Uranium (Pty) Ltd Paladin Energy Minerals NLInca Mining (Pty) Ltd Savannah Mining NLOpaline Gold (Pty) Ltd Smith & Stephens Consulting and Project Management Services Pty Ltd Hugh Warner, aged 36, is or has been a director of the following companiesduring the previous five years. Current directorships Past directorshipsAIM Listed AIM ListedAscent Resources plc Black Rock Oil & Gas plcTower Resources plc ASX ListedASX Listed Black Range Minerals LtdGreen Rock Energy Limited OBJ LimitedMetabolism Health Limited Salus Technologies LtdDeep Yellow Ltd Synergy Metals Ltd View Resources LtdUnlisted Copperco LtdAscent Capital Pty Ltd Resonance Health Ltd Extract Resources Ltd Medivac Limited IM Medical Limited Service Stream Limited Fusia Limited Aeris Technologies Ltd Black Rock Petroleum NL Peak Hill Gold Mines NL Peninsula Minerals Limited Data Centre Holdings Pty Ltd My Accountants Online Pty Ltd Rakov Pty Ltd Toronto Stock Exchange Listed Minres Resources Inc Ascent Capital was co-formed by Hugh Warner to pursue, amongst other things, thereconstruction and recapitalisation of existing stock exchange quoted companies.Since its foundation, Ascent Capital has successfully recapitalised andrelisted 15 companies on the ASX. Each of the 15 companies recapitalised byAscent Capital were placed under external administration either prior to AscentCapital recapitalising the company or as part of Ascent Capital'srecapitalisation of the company. As a consequence, Hugh Warner has beenappointed a director of companies in administration or has placed a company intoadministration. These companies, all of which have been successfully releasedfrom administration, are listed below. Fusia LimitedService Stream LimitedBlack Range Minerals LimitedM Health LimitedOBJ LimitedQ-Vis LimitedExtract Resources LimitedMedivac LimitedCopperco LimitedResonance Health LtdSynergy Metals LtdView Resources LtdIM Medical LtdDeep Yellow Ltd Hugh Warner was also appointed as a director of Sturt Australia Resources NL towind up that company, by way of a members' voluntary liquidation. There are no other matters, which are required to be announced with regard tothis appointment under paragraph (f) of Schedule 2 of the AIM Rules. **ENDS** Contacts: Ross Warner Uranium Resources plc Tel: 020 7251 4905 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Uranium Resources Plc