TOLEDO MINING APPOINTS NEW DIRECTOR>
TOLEDO MINING APPOINTS NEW DIRECTOR
(Thomson Reuters ONE) - 7 July 2009 TOLEDO MINING APPOINTS NEW DIRECTORToledo Mining Corporation plc ("Toledo" or the "Company") (AIM:TMC)is pleased to announce the appointment of Mr Jason Ann Minn Cheng asa Non Executive Director of the Company.Mr Cheng (aged 37) is a director and shareholder of DaintreeResources Limited ("Daintree"), a private company registered inBritish Virgin Islands, which is jointly owned by Mr Cheng and anassociate of Mr Cheng. Daintree currently holds 5,912,250 ordinaryToledo shares ("Shares"), representing approximately 20.0 per cent.of the Company's issued share capital. As separately announced today,pursuant to a conditional placing letter, Daintree has committed tosubscribe for a further 4,060,000 Shares as part of a placing toraise approximately £3.4 million for the Company. Followingcompletion of the proposed placing, for which shareholder approval isto be sought at a general meeting of the Company on 31 July 2009,Daintree would hold 9,997,250 Shares representing approximately 24per cent. of the Company's enlarged issued share capital.Mr Cheng is based in Hong Kong and is the Managing Partner of AncoraCapital Management Limited ("Ancora"), a private equity firm whichinvests in the natural resources sector in Asia.Previously, Mr Cheng has worked in investment banking in theresources sector at Schroders, Ord Minnett and JP Morgan inAustralia, and was also based in Beijing, China, undertakinginvestment and advisory activities at Jade International CapitalPartners.Born and educated in Australia, Mr Cheng holds a Bachelor of Commercefrom Melbourne University and a Masters of Commerce from SydneyUniversity.The Board of Toledo believe that Mr Cheng's business acumen andexperience will make a significant contribution to the development ofToledo and are pleased to welcome Mr Cheng to the Board.Details of companies and partnerships of which Mr Cheng has been adirector or partner in the last five years is set out below:Current DirectorshipsAncora Capital Management LimitedAncora Capital Management (Asia) LimitedAncora General Partner LimitedDaintree Resources LimitedJade International Capital Partners LimitedJade International Group Pty LtdJade Property Holdings LimitedKerry Investment 888 Pty LtdPast DirectorshipsBritish American Eastern Beijing LtdAs a result of his role as Managing Partner of Ancora CapitalManagement Limited, Mr Cheng is also a director of various specialpurpose vehicle companies established for the purpose of holdingAncora's interest in various investee companies whereby Mr Cheng actsin that capacity under the direction and control of the Ancora fundmanager, Ancora Capital Management Limited, and ultimately the fund'sgeneral partner, Ancora General Partner Limited. A full list of MrCheng's directorships will be available to shareholders upon writtenrequest.There is no further information to disclose in relation to theappointment of Mr Cheng pursuant to Schedule 2, paragraph (g) of theAIM Rules for Companies.For further information, contact:Reg Eccles, Chairman, Toledo Mining Corporation +44 (0) 20 7514 1480plcRichard Brown, Richard Greenfield, Ambrian +44 (0) 20 7634 4700Partners LimitedAlex Buck, BuckBias Limited +44 (0) 7932 740 452---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 07.07.2009 - 15:01 Uhr
Sprache: Deutsch
News-ID 3324
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