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(Alliance News) - Metals Exploration PLC announced on Monday the appointment of Nick von Schirnding as chair.
The Philippines-focused gold producer intends to, subject to approval from shareholders, offer Schirnding options to subscribe for 6.6 million ordinary shares in the capital of the company.
Schirnding has over thirty years of experience in the mining industry and leaves his current position as executive chairman of Arc Minerals, an LSE-listed mining company with projects in Zambia and Botswana.
The company said he "brings significant experience across successful strategic development, [mergers & acquisitions], and corporate governance, including within the UK regulatory framework."
Shares in Metals Exploration were down 0.7% to 4.02 pence in London on Monday afternoon.
By Elijah Dale, Alliance News reporter
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