13th Jul 2012 07:43
13 July 2012
ASX:NGX
AIM:NGL
NORSEMAN GOLD PLC
("Norseman Gold" or "the Company")
Appointment of Mr Kevin Maloney as Executive Chairman to the Board
and resignation of Mr Kelvin May
Norseman Gold wishes to advise the appointment of Mr Kevin Maloney as Executive Chairman to the Board. Mr Maloney is Chairman of the Tulla Resources Group of companies, which has now invested significantly in the future of Norseman both through direct funding through shares and convertible loan notes and also with the introduction of its associated company, L2 Project Management - Norseman Pty Ltd, as the manager and operator of the Norseman Gold Project.
Tulla Resources Group is the Australian owned investment group of the Maloney family. Based in Sydney, it was established in the early 1990s with an open mandate focusing on small to middle market listed companies, private equity, venture capital and debt. Tulla Resources Group has a track record of success from building and growing many businesses, including The MAC Services Group which is a mining services company that was listed on the ASX in April 2007 and sold to Oil States International in December 2010 for approximately $650m of which the Maloney family owned approximately 52% at the time of sale.
In addition to his directorship with the Company, Mr Kevin William Maloney,65, holds or has held the following directorships/partnerships within the five years immediately prior to the date of this announcement:
Current Directorships/Partnerships | Past Directorships/Partnerships |
Altona Mining Limited (ASX Listed) | Aquacrab Systems Australia Pty Limited |
Australian Global Education & Training Group Pty Ltd | Bowen Aquaculture Centre Limited |
Balmoral Group Finance Pty Ltd | Fish 'N Fresh Delites Pty Ltd |
Balmoral Group Investments Pty Ltd | MSL Nominees (Karratha) Pty Ltd |
Baxter Group Holdings Pty Ltd | MSL Nominees Pty Ltd |
Baxter Group Investments Pty Ltd | Northern Energy Corporation Ltd (ASX Listed) |
Belgravia Associates (NSW) Pty Ltd | Queensland Mining Corporation Ltd (ASX Listed) |
Fobixi Pty Limited | Southern Districts Rugby Club Limited |
Fraters Nominees Pty Ltd | The MAC Linen Services Pty Ltd |
JLM Logistics Group Pty Ltd | The MAC Services Group Limited (Formerly ASX Listed) |
JLM Transport & Logistics Pty Ltd | GA Travel Pty Ltd |
K2 Resource Services Pty Ltd | Stuartsimon Pty Ltd |
L2 Drilling Pty Ltd |
|
Marley Holdings Pty Ltd |
|
MG Resources Pty Ltd |
|
Millward Holdings Pty Ltd |
|
Pacific Travel Services Pty Ltd |
|
Paget Developers Pty Ltd |
|
Phoenix Consolidated Pty Ltd |
|
Rosebery Nominees Pty Ltd |
|
Secondsout Pty Ltd |
|
Segenhoe Group Pty Ltd |
|
Segenhoe Stud Australia Pty Ltd |
|
Segenhoe Thoroughbreds Australia Pty Ltd |
|
Sutton Forest Quarries Pty Ltd |
|
Swaffham Logistics Park No. 1 Pty Ltd |
|
Swaffham Logistics Park No. 2 Pty Ltd |
|
Tarilo Pty Ltd |
|
THEMAC Resources Group Limited (Canada) (Toronto Venture Exchange Listed) |
|
Tulla Capital Management Pty Ltd |
|
Tulla Capital Partners Pty Ltd |
|
Tulla Group Pty Ltd |
|
Tulla Property Partners Pty Ltd |
|
Tulla Resources Group Pty Ltd |
|
Tulla Venture Partners Pty Ltd |
|
Walford Consolidated Pty Ltd |
|
Whitesmiths Group Pty Ltd |
|
Mr Maloney was a director of Bowen Aquaculture Centre Limited which was placed into administration by its directors in order to liquidate its assets following a decision by them that it had failed to achieve its business objectives
There is no further information to be disclosed in relation to Mr Maloney pursuant to Schedule 2 (g) of the AIM Rules for Companies.
Mr. Kelvin May has resigned as a director of the Company for personal reasons. Mr May was appointed to the Board in February 2012, and has worked with the Company as its Chief Financial Officer since January 2008. The Board thanks Mr May for his contribution during this period.
* * ENDS * *
For further information visit www.norsemangoldplc.com, email [email protected] or contact:
David Steinepreis Norseman Gold Plc. Tel: +44 (0) 7913402727
William Vandyk / Rod Venables Northland Capital Partners Ltd Tel: 020 7796 8800
Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370
Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes
Norseman Gold plc is an AIM and ASX listed Australian gold production company, which operates the 2,360 sq km Norseman Gold Project, Australia's longest continually running gold mine. Located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, the project currently has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.
Related Shares:
Norseman Gold