14th May 2010 07:10
Nyota Minerals Limited ('Nyota' or the 'Company')
NYOTA APPOINTS MR TERRY TUCKER AS CHIEF OPERATING OFFICER
The directors of Nyota are pleased to announce that Mr Terry Tucker will join the Company in a non-Board capacity as Chief Operating Officer ("COO") with immediate effect.
Most recently Mr Tucker was President, CEO and Director of TSX-listed StrataGold Corporation, where he successfully advanced the exploration and development of projects in both Guyana and Canada before the company's acquisition by Victoria Gold Corp.
Speaking today in relation to Mr Tucker's appointment, Nyota Chief Executive, Melissa Sturgess, said: "I am delighted to welcome Terry to the Company. We are rapidly advancing our Tulu Kapi Project toward development whilst also evaluating the very prospective land package which Nyota has optioned north of Tulu Kapi. It is vital that we have an experienced team in place to undertake this work in accordance with best practice to achieve optimal results. Terry brings a wealth of experience to the COO role and will be largely responsible for coordinating the Tulu Kapi development process in close consultation with me, the Board and senior management team. His exploration experience will also provide an invaluable contribution to the wider regional exploration effort that Nyota will be pursuing."
Mr Tucker holds a Bachelor of Science degree, Specialising in Geology, and has over 24 years experience in the minerals and mining industry, including a number of prominent roles at strategic, operational and corporate levels. In addition to his role with StrataGold, he has previously held positions including Vice-President, Exploration with Expatriate Resources Ltd and President, CEO and Director of TSX-V listed Nickelodeon Minerals Inc.
As part of his remuneration package, Mr Tucker will receive 1,000,000 Nyota ordinary fully paid shares at a deemed price of A$0.24, being the closing price of the Company's shares on ASX on 12 May 2010. The Company will issue these shares as soon as practicable.
To view the ASX Appendix 3B click on the following web link:
http://www.rns-pdf.londonstockexchange.com/rns/9257L_-2010-5-14.pdf
For further information please contact:
Melissa Sturgess
Nyota Minerals Limited
(+44) (0)78 2555 1397 or [email protected]
Richard Brown / Richard Greenfield
Ambrian Partners Limited
(+44) (0)20 7634 4700
Guy Wilkes / Will Slack
Ocean Equities Limited
(+44) (0) 20 7786 4370
Press enquiries
Charlie Geller or Leesa Peters
Conduit PR +44 (0)20 7429 6604/ +44 (0)75 2823 3383
Or visit: http://www.nyotaminerals.com
Related Shares:
Nyota Minerals