Source - RNS
RNS Number : 0196J
Metminco Limited
06 September 2016
 

ASX ANNOUNCEMENT

6 September  2016

 

RESIGNATION OF EXECUTIVE DIRECTOR

 

Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM: MNC) announces that Mr Stephen Tainton, who has held office as an Executive Director of Metminco Limited since 8 October 2013 has tendered his resignation from the Company's Board of Directors. Mr Tainton's resignation has been accepted by the Company and will be effective immediately. 

Mr Tainton has brought a wealth of technical and operational knowledge and skills to the Board and has made a significant contribution to the strategic framework of the Group.  Following the restructure of the Group in 2013, Mr Tainton assumed responsibility for the Los Calatos Project and has been instrumental in the completion of the work and studies undertaken since that time which have culminated in the CD Capital Natural Resources Fund III transaction announced previously. 

With the CD Capital Natural Resources Fund III planned development program Steve has elected to resign from the Board to assist with technical and operational issues relating to the planned Pre-Feasibility and Feasibility Studies on Los Calatos.

The Company has been fortunate to have Mr Tainton as an Executive Director but will continue to benefit from his skills in a non-directorial capacity.

The Board has elected not to appoint a replacement director at this time.

 

 

William Howe

Managing Director

 

 

Mr William Howe, Managing Director, commented: "The Board and I would like to express our sincere thanks to Steve for his outstanding contribution as an Executive Director to the Company over the past 3 years.

However, Steve will continue to make a very important contribution to the projects in which the Company's has an interest."

 

 

 

 

Metminco Limited   ABN 43 119 759 349

ASX Code:  MNC.AX;   AIM Code:  MNC.L

 

Level 6, 122 Walker Street, North Sydney, NSW, 2060

Tel:  +61 (0) 2 9460 1856;  Fax: +61 (0) 2 9460 1857

www.metminco.com.au

 

For further information, please contact:

 

METMINCO LIMITED

 

 

 

Stephen Tainton / Phil Killen

 

Office:  +61 (0) 2 9460 1856

 

 

 

 

 

NOMINATED ADVISOR AND BROKER

 

 

 

RFC Ambrian

 

 

 

Australia

 

 

 

Will Souter / Nathan Forsyth

 

Office:  +61 (0) 2 9250 0000

 

 

 

 

 

United Kingdom

 

 

 

Charlie Cryer

 

Office:  +44 (0) 20 3440 6800

 

 

 

 

 

JOINT BROKER

 

 

 

SP Angel Corporate Finance LLP UK)

 

 

 

Ewan Leggat

 

Office:  +44 (0) 20 3470 0470

 

 

 

 

 

UK FINANCIAL PR

 

 

 

Camarco

 

Office:  +44 (0) 20 3757 4997

 

Gordon Poole / Tom Huddart

 

 

 

 

 

 

 

           

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAUGUWCBUPQUPQ

Related Charts

Metminco (MNC)

0.00p (0.00%)
delayed 18:15PM