Appointment of Finance Director
(Thomson Reuters ONE) -
African Eagle Directorate Change
Appointment of Finance Director
3 July 2012: African Eagle Resources plc ("African Eagle" or the "Company")
(AIM: AFE; AltX: AEA) is pleased to announce the appointment of David Newbold as
Finance Director, effective 2 July 2012. David joins the Board of Directors as
an Executive Director with immediate effect whilst Robert McLearon, who has
acted as Interim Executive Director since 20 June 2012, has resigned his
position on the Board.
David Ronald Newbold, aged 62, has 35 years experience in the natural resources
industry, with over 20 years of those specifically focused on international
mineral resource development including financing initiatives, mining, processing
and marketing of base and precious metals in the UK, North and South America,
Europe, Australia and the Far East. He has held a number of executive and
senior positions at Compañia Minera Zaldívar (as an executive board director),
Placer Dome Inc., Outokumpu Oyj, Mercury Resource Consultants LLP (as a managing
partner) and Greystar Resources Limited (renamed Eco Oro Minerals Corporation in
August 2011).
During his time as CFO at Greystar Resources Limited, Mr Newbold was responsible
for the strategic design of a financing package, embracing debt, equity and
strategic partners, to fund a US$1.4 billion gold project in Colombia. Mr
Newbold spent 11 years of his career at Placer Dome Inc. where his last role as
Senior Vice President Projects was specifically focused on the corporation's
global capital projects with Mr Newbold being accountable for advancing projects
which exceeded US$4 billion in value to development recommendations. Prior to
this, he has also held the positions of President and CEO of Compañia Minera
Zaldívar SCM, a copper operation in Chile, and CFO of Placer Dome Latin America
S.A. Mr Newbold is a Fellow of the Institute of Chartered Accountants in
England and Wales and holds a B.Sc. (Hons.) from the University of East Anglia,
England.
Commenting on the announcement, African Eagle's CEO, Trevor Moss stated: "I am
delighted to welcome David to African Eagle. He has an excellent track record
in the development, financing, risk mitigation, governance and operation of
natural resource businesses globally. David's deep experience and strong skills
will complement the current management and project development team as we
progress the development of Dutwa through feasibility into construction and
production."
There are no further disclosures required relating to Mr Newbold under Schedule
2(g) of the AIM Rules for Companies.
For further information, please visit www.africaneagle.co.uk or contact:
African Eagle Resources plc
Trevor Moss, CEO
Alex Buck,
+44 20 7248 6059
Canaccord Genuity Limited (NOMAD and Joint Broker)
Rob Collins or Andrew Chubb
+ 44 20 7523 8000
Ocean Equities Limited (Joint Broker)
Guy Wilkes
+44 20 7786 4370
Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: African Eagle Resources PLC via Thomson Reuters ONE
[HUG#1623585]
Unternehmensinformation / Kurzprofil:
Datum: 03.07.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 161996
Anzahl Zeichen: 4024
contact information:
Town:
London,
Kategorie:
Business News
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